01
Price
Executed purchase agreement and amendments
Record the current agreed amount and concessions rather than an old listing price.
Loan terms · field guide
When value is lower, isolate the financing gap
Compare price, appraised value and the provider’s leverage basis without treating an appraisal as a guarantee.
Sources checked November 1, 2026 · Educational document review · No loan offer
Build the evidence before choosing an input
02
Appraised value
Complete appraisal with effective date
Check property identity, conditions and assumptions. The report is an opinion of value, not an approval.
03
Leverage basis
Written provider terms
Ask whether it uses price, appraised value, the lower of them or another basis, and whether other limits bind.
Fictional value constraint
An authored teaching record; amounts and situations are fictional, not market statistics or actual borrower files.
- Assume price $350,000, appraised value $330,000 and a hypothetical maximum loan of 75% of the lower value.
- Price-based expectation: $350,000 × 75% = $262,500. Value-based ceiling: $330,000 × 75% = $247,500.
- Difference in loan proceeds: $15,000, before fees and other constraints.
The buyer would need to resolve that $15,000 gap; it is not repaired by leaving the calculator’s old price-based loan unchanged.
Turn the record into a usable next step
- 1
Read the complete report and identify any completion or repair conditions. Ask the provider how corrections or a reconsideration request must be submitted; do not assume a higher value will be accepted.
- 2
Recompute the proposed loan with the actual written leverage basis. Check whether rent coverage, program limits or the payoff creates another lower ceiling.
- 3
Update the closing-cash plan and discuss available contractual options with the relevant professionals. Do not claim approval or renegotiate a contract from this worksheet alone.
What this evidence does not settle
The 75% limit and all amounts are fictional assumptions. The appraisal source defines the concept; the Fannie Mae report is an example of document fields, not a DSCR program requirement.
Sources and scope
- CFPB — What is an appraisal?
Explains the role of an independent estimate of property value.
Read November 1, 2026. This is the check date, not a new effective date for the source.
- Fannie Mae — Uniform Residential Appraisal Report
Example appraisal fields, effective date, conditions and reconciliation; not a DSCR appraisal mandate.
Read November 1, 2026. This is the check date, not a new effective date for the source.
The review steps are DSCRDealCheck’s editorial checklist. Agency guides and consumer mortgage explainers define documents and concepts; they do not establish a DSCR provider’s program rules or guarantee that consumer disclosure requirements apply to business-purpose financing. See the transaction-scope distinction in Regulation Z. Confirm the actual file with the provider and the relevant qualified professional.
Continue the loan terms review
Choose the unresolved document in your file. Each guide addresses a different input or obligation.