Accelerator - DSCR | No Ratio - Underwriting Guidelines - Updated 7.15.24

Sep 16, 2026

Uploaded by Aldword

Accelerator – DSCR | No Ratio underwriting guidelines define program eligibility and the documentation needed to evaluate borrowers for eligible mortgage transactions. The guidelines cover loan amounts, minimum FICO and maximum LTV/CLTV, interested party contributions, escrow and impound accounts, secondary financing, and age of documents. They detail borrower statement and contact consent requirements, qualified mortgage and ability-to-repay considerations, HPML and prepayment penalties, property insurance, and transaction types including purchase and refinance options. Additional sections address credit reporting, credit inquiries, housing history, rental payment documentation, consumer credit and timeshares criteria.

LanguageEnglish

CategoryPresentations

FormatPDF

Pages44

Reading Time15 min

AccessFree to download

Overview

Program Eligibility

Loan Amounts

Minimum FICO

Maximum LTV/CLTV

Interested Party Contributions

Escrow | Impound Accounts

Secondary Financing

Age of Documents

Borrower Statement of Occupancy

Borrower Contact Consent Form

Ability to Re pay/Qualified Mortgage Rule

State and Federal High-Cost Loans | HPML

Prepayment Penalty

Underwriting

Interest Credit Closings

Assumability

Property Insurance

Transaction Types

Eligible Transactions

Purchase

Rate/Term Refinance

Cash-Out Refinance

Non-Arm’s Length and Interested Party Transactions

Borrower Eligibility

Residency

US Citizen

Permanent Resident Alien

Inter Vivos Revocable Trust

Ineligible Borrowers

Credit

Credit Reports

Credit Inquiries

Housing History

Mortgage Payment History – Forbearance | Modification | Deferrals

Rental Payment History Documentation

Consumer Credit

Consumer Credit History

Timeshares

Accelerator – DSCR | No Ratio Accelerator Business Purpose – DSCR | No Ratio Updated 7.15.24 Underwriting Guidelines Accelerator – DSCR | No Ratio Updated 7.15.24 Accelerator – DSCR | No Ratio Updated 7.15.24 Accelerator – DSCR | No Ratio Table of Contents Overview ...........................................................................................................................................8 Program Eligibility ................................................................................................................................. 9 Loan Amounts ...................................................................................................................................... 9 Minimum FICO ..................................................................................................................................... 9 Maximum LTV/CLTV .............................................................................................................................. 9 Interested Party Contributions............................................................................................................. 10 Escrow | Impound Accounts ................................................................................................................ 10 Secondary Financing .......................................................................................................................... 10 Age of Documents .............................................................................................................................. 10 Borrower Statement of Occupancy ...................................................................................................... 11 Borrower Contact Consent Form ......................................................................................................... 11 Ability to Re pay/Qualified Mortgage Rule .............................................................................................. 11 State and Federal High-Cost Loans | HPML .......................................................................................... 11 Prepayment Penalty............................................................................................................................ 11 Underwriting ...................................................................................................................................... 11 Interest Credit Closings ...................................................................................................................... 11 Assumability ...................................................................................................................................... 11 Property Insurance ............................................................................................................................. 12 Transaction Types ............................................................................................................................ 12 Eligible Transactions ........................................................................................................................... 12 Purchase ........................................................................................................................................ 12 Rate/Term Refinance ...................................................................................................................... 12 Cash-Out Refinance ....................................................................................................................... 13 Non-Arm’s Length and Interested Party Transactions............................................................................ 13 Borrower Eligibility ........................................................................................................................... 15 Residency ...................................

FAQs

What eligibility requirements are covered in the Accelerator DSCR | No Ratio guidelines?

The guidelines specify program eligibility requirements including loan amounts, minimum FICO, maximum LTV/CLTV, interested party contributions, escrow/impound account handling, secondary financing, and document age requirements.

Which borrower documentation and rules are required during underwriting?

They include requirements for borrower statement of occupancy, borrower contact consent form, and guidance for ability-to-repay and qualified mortgage rule considerations, along with HPML-related items and prepayment penalty treatment.

What transaction types and eligibility categories are described?

The document covers eligible transaction types such as purchase, rate/term refinance, and cash-out refinance, plus guidance for non-arm’s-length and interested party transactions and borrower eligibility categories including residency and trust structures.

Sep 16, 2026

Uploaded by Aldword