June Point Lending Expands DSCR Loan Offerings to Multiple States

June Point Lending Inc., a wholesale non-QM lender, announced it is offering debt service coverage ratio loans in multiple states, including California. The company utilizes proprietary technology to streamline the non-QM process, allowing brokers to receive initial eligibility results quickly after uploading a 1003 form. The lender stated that these loans are designed for real estate investors and self-employed borrowers whose finances do not fit traditional lending criteria.

The expansion into California, its 19th state for DSCR lending, increases market access for brokers in a large market. The company aims to simplify the process for borrowers who previously struggled to qualify under traditional lending standards.