Get up to 80% LTV using projected rental income.
DSCR Loan New Mexico Requirements
Flexible loan terms are essential for New Mexico real estate investors to compete with local homebuyers in “the Land of Enchantment”.
| Credit score | Minimum 680 |
| Loan amount | Min $100,000 |
| Purchase/refinance | Up to 80% LTV |
| Cash out refinance | Up to 75% LTV |
| Interest rate | Start at 6.5% |
| Minimum DSCR | 1.1 |
| Closing time | 21-30 days |
| Loan options | 30 year fixed, 5/1 ARM, 7/1 ARM, Interest only |
What’s the minimum credit score for New Mexico DSCR loans?
680 is the minimum credit score for New Mexico DSCR loans.
Is there a minimum DSCR required?
New Mexico DSCR loans require a minimum 1.1 DSCR ratio.
How long does it take to close a DSCR loan?
It takes an average 21-30 days to close.
What is your maximum LTV ratio?
You can get up to 80% LTV when purchasing and refinancing a rental property.
Do you work with first-time investors?
Yes, Capital Ton works with first-time real estate investors.
What types of properties qualify for your DSCR loan New Mexico program?
Single family homes, townhomes, 1-4 unit residential properties such as duplexes and triplexes.
Is an appraisal required?
Yes, most if not all private money lenders will require an appraisal when financing a rental property.
Capital Ton Reviews
Very honest guy to work with, doesn’t offer unrealistic promises. Actually responsive compared to…
Ready to Get Started?
- See how much you qualify for
- No application fee
- Secure up to 80% financing
Capital Ton specializes in DSCR loans for non-owner occupied investment properties in over 20+ states. We help real estate investors build portfolios by using monthly rental income to qualify for financing.
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DSCR Loans New Mexico Services Areas
The following cities and towns qualify for the DSCR loans New Mexico program. Although “the Land of Enchantment” has many vibrant communities, Capital Ton’s expertise is focused on these select locations.
- Albuquerque, NM
- Las Cruces, NM
- Rio Rancho, NM
- Santa Fe, NM
- Farmington, NM
- South Valley, NM
- Los Lunas, NM
- Sunland Park, NM