Mortgage FAQ: ITIN Loans, DSCR Loans & Where We're Licensed (NJ, PA, FL)

Straight answers to the questions we hear most often. Have one that isn't covered here? Reach out anytime — we're happy to walk through your situation.

Do you offer ITIN mortgage loans?

Yes. We specialize in ITIN mortgage loans for borrowers who have an Individual Taxpayer Identification Number but not a Social Security number. ITIN loans are available for primary residences, second homes, and investment properties in New Jersey, Pennsylvania, and Florida. Down payments start at 10-20% for primary residences. Malik Shalmiyev (NMLS #1542149) with Rize Mortgage has extensive experience with ITIN borrowers across northern and central NJ, including Newark, Elizabeth, Paterson, Passaic, and Hudson County. All loans subject to approval. Equal Housing Lender.

Do you offer DSCR loans for real estate investors?

Yes. DSCR (Debt Service Coverage Ratio) loans are one of our core specialties. DSCR loans allow real estate investors to qualify based on rental property income - no W-2s, tax returns, or personal income documentation required. We offer DSCR loans for single-family rentals, 2-4 unit properties, and short-term rentals (Airbnb/VRBO) in New Jersey, Pennsylvania, and Florida. LLC titling is available, with no hard limit on portfolio size. All loans subject to approval. Equal Housing Lender.

What states are you licensed in?

Malik Shalmiyev (NMLS #1542149) with Rize Mortgage is licensed to originate mortgage loans in New Jersey, Pennsylvania, and Florida. Our New Jersey office is located at 1199 Route 22 East, Mountainside, NJ 07092. Our Florida office is at 53 NW 100th Ave, Plantation, FL 33324.

Malik Shalmiyev · NMLS #1542149 · Rize Mortgage (Standard Mortgage Capital, LLC, NMLS #1604663). All loans subject to approval. Rates, terms, and program availability are subject to change without notice. This is not a commitment to lend. Equal Housing Lender.

Do you offer bank statement loans for self-employed borrowers?

Yes. Bank statement loans are available for self-employed borrowers, business owners, freelancers, and contractors who cannot qualify using traditional tax returns. We use 12 or 24 months of personal or business bank deposits to calculate qualifying income - no tax returns required. These loans are available for primary residences, second homes, and investment properties in NJ, PA, and FL. All loans subject to approval. Equal Housing Lender.

What languages do you speak?

Malik Shalmiyev speaks English, Russian, and Azerbaijani (Azeri). We regularly serve clients from the Eastern European and Azerbaijani communities in New Jersey, New York, and Pennsylvania. Mortgage consultations are available in all three languages.

What is the minimum credit score to qualify?

Minimum credit score requirements vary by loan type. Most programs require a minimum of 620-640. Conventional and FHA loans may require 620+. Non-QM programs (bank statement loans, DSCR loans, ITIN loans) typically require 620-680 minimum. A higher score - 700 or above - unlocks better interest rates on most programs. Contact us for a free consultation to understand your specific situation. All loans subject to approval. Equal Housing Lender.

What is the minimum down payment for a home purchase?

Down payment requirements vary by loan type. FHA loans require as little as 3.5% down. Conventional loans start at 3-5% for primary residences. ITIN loans typically require 10-20% down. DSCR loans (investment properties) typically require 20-25% down. Bank statement loans for primary residences often start at 10-15% down. You may qualify for down payment assistance programs in NJ, PA, and FL - worth screening for eligible buyers. All loans subject to approval. Equal Housing Lender.

How long does the mortgage process take?

Most purchases close within 30-45 days of application. Pre-qualification typically takes 24-48 hours. DSCR loans often close faster (3-4 weeks) because there is less income documentation to verify. For time-sensitive deals, contact us to discuss your timeline. All loans subject to approval. Equal Housing Lender.

Are you a mortgage broker or a direct lender?

Malik Shalmiyev is a licensed Mortgage Loan Originator (NMLS #1542149) with Rize Mortgage (Standard Mortgage Capital, LLC, NMLS #1604663), a licensed mortgage company. We have access to multiple lending programs and work to match each client with the right loan product for their situation. All loans subject to approval. Equal Housing Lender.

Do you offer VA loans for veterans?

Yes. VA loans are available for eligible U.S. veterans, active-duty military, and surviving spouses purchasing properties in New Jersey, Pennsylvania, and Florida. For those who qualify, VA loans offer no down payment, no PMI, and competitive interest rates. Eligibility is determined by the U.S. Department of Veterans Affairs. All loans subject to approval. Equal Housing Lender.

Can I get a mortgage for a rental property without showing my personal income?

Yes. DSCR loans allow real estate investors to qualify based on the rental income the property generates, with no personal W-2s, tax returns, or employment verification required. The loan qualifies on the property's DSCR ratio (rental income divided by the mortgage payment). These programs are available for investment properties in NJ, PA, and FL, and LLC titling is allowed. All loans subject to approval. Equal Housing Lender.