Loan Options
DSCR / Debt Service Coverage Ratio
- Business Purpose Loans for Investors!
- No Income or Employment on Application (Streamline process / no debt to income like traditional financing)
- No tax returns, pay-stubs, or w2 Statements required
- Appraiser Rent Report or Short Term Rental Report Determines Qualification Ratio
- Can Close in LLC or Trust
- Very competitive pricing
- Helpful 3rd Party resources: Rabbu.com / AirDNA.com / Mashvisor.com
Self-Employed Programs – Bank Statements, 1099’s, Profit & Loss (Contact For Additional Details/Formulas)
Asset Qualifier Programs- Formulas applied to asset statements vs traditional income qualification
Traditional (FHA, VA, Fannie Mae, Freddie Mac)
Zero-down (FHA) Up to FHA conforming limit ($1,110,900 in Kauai 2026 – varies by island and typically changes each year)
Delayed Financing - close with cash purchase and immediately take out rate/term refinance loan without wait period (not cash out!)
Jumbo to $5mm
Condo-Tel (Condo project that is operated as a hotel with a registration desk, cleaning service and more. The units are typically individually owned. Unit owners also have the option to place their unit in the hotel’s rental program where it is rented out like any other hotel room to paying guests)
Non-Warrantable Condos (A condo that doesn’t meet the guidelines of agencies like Fannie Mae, Freddie Mac, and FHA for conventional, FHA, or VA loans. This makes it more difficult to finance than a warrantable condo, which meets the lending criteria of these agencies- (Element has 4 in-house options making process much smoother and time efficient)
Leasehold Properties (Where a person (the lessee) has the right to live in a property for a set period of time, but the landlord (the lessor) retains ownership of the property. The lessee enters into a legal agreement with the landlord, called a lease, which outlines the terms of the agreement)
Adjustable Rate Loans (3yr/ 5yr/ 7yr)
HELOCS (Home Equity Line of Credit) – Primary, 2nd Home, Investment, Condos
Bridge Loans – Loan on current listed home to help purchase new property before current home sale closes
