Instant Term Sheet for 1–4 Unit DSCR Loans
The Instant Term Sheet is a written term sheet for a business-purpose loan on a non-owner-occupied 1–4 unit investment property, priced against current wholesale rate sheets and emailed to you. Request it with the form on this page, or from your AI assistant through National Loan Provider's MCP server. Instant where the deal fits the programs; otherwise an answer within 24 hours.
Does the deal work? Check it, then get the term sheet
Run the numbers with your own rate guess. At a DSCR of 1.00 or higher, carry them into the form below; the term sheet is priced at current rates, so a deal that works here can still come back for a person to write. Every request, purchase or refinance, needs the property's full street address: number, street, city, state and ZIP.
Will this rental cover its loan?
DSCR is how investor lenders qualify a property on its own income — no tax returns. Enter the deal and see where you land.
Enter your own rate guess above to see your DSCR. The term sheet is priced at current rates either way.
Estimate only. Actual DSCR, rate, and eligibility depend on the full loan file. Not a commitment to lend.
Who is the Instant Term Sheet for?
Real estate investors with a deal in hand. A business-purpose loan on a non-owner-occupied 1–4 unit investment property.
- Business purpose only: the loan finances an investment, not a home.
- Non-owner-occupied: no borrower lives in the property.
- 1–4 units: a single-family home, a townhouse or condominium, or a two-to-four-unit residential building.
Owner-occupied properties, second homes and consumer-purpose loans are out of scope: a request that does not represent a business purpose, a non-owner-occupied investment property and the vesting as stated is answered as out of scope and not priced.
What does the Instant Term Sheet give you?
- A written term sheet on the property, priced against current wholesale rate sheets and emailed to the investor with the PDF attached and a private download link. Instant where the deal fits the programs; otherwise an answer within 24 hours.
- Up to three pricing options where the program allows them, each named by its label on the term sheet: "Option A: lowest rate", with Total origination in points, paid by the borrower at closing; where offered, "Option B: middle", with fewer points paid by the borrower; and the no-points option ("Option B: no points", or "Option C: no points" when a middle option is shown), with no Total origination due from the borrower. Refer to each option by its label.
- For fixed-rate products, how many months of payments it takes for each option that charges points to recover them against the no-points option.
- Discount points on their own line, in points, never inside Total origination, where a program's best rate prices below par.
- Lender fees, prepayment terms, and the assumptions the terms rest on.
- An expiry printed on the term sheet: it is good until the rate sheet it was priced on expires, at most 7 days after that sheet was last confirmed. The download link expires with it.
- Where the deal does not fit a program instantly, the answer is "Written term sheet within 24 hours — rate, leverage, and structure." with each thing that could not be confirmed, and Dominick follows up by email.
National Loan Provider is a mortgage brokerage: it arranges, structures and places the loan with a lender whose program fits the deal, and it is not a lender.
Once you have your term sheet, you can start your application online; Dominick finishes it with you on a short call.
What does “exception required” mean?
It means the deal did not fit a program instantly, and a person will write the terms instead. That happens when a program's guidelines turn on something the request left out or the rate sheet does not settle, when the property has more units than instant term sheets cover, or when instant pricing is paused. The answer is:
Written term sheet within 24 hours — rate, leverage, and structure.
It lists, in plain sentences, each thing that could not be confirmed, and Dominick follows up by email. An exception is not a decision on the deal: it means a person, not the tool, answers it.
What happens to my details?
The name, email address, optional phone number and property address are used to send the term sheet and for Dominick's follow-up on it. A phone number is kept only with the investor's consent.
The request and the term sheet are kept on file for that follow-up. The term sheet's link is private and expires with the term sheet. Requests are limited each day per source, per email address, and overall. See the privacy policy.
How do I get a term sheet from ChatGPT, Claude or Grok?
If you'd rather ask your AI assistant, you can. In ChatGPT, install Instant DSCR Term Sheet from the plugin directory. In Claude or Grok, add it as a connector in about a minute. Then describe your deal in plain English; the assistant asks for anything missing and sends it to Dominick for pricing.
In ChatGPT
- Open Instant DSCR Term Sheet in ChatGPT and install it.
- Start a chat and describe your deal. The assistant asks for whatever is missing.
In Claude
- Open Settings, then Connectors, and choose Add custom connector.
- Name it Instant Term Sheet and paste this URL. No key or sign-in is needed.
- In a chat, turn the connector on and ask for a term sheet in your own words.
https://dominickprevete.com/api/mcp/pricingIn Grok
- Go to grok.com/connectors, choose New Connector, then Custom.
- Name it Instant DSCR Term Sheet and paste this URL. No key or sign-in is needed.
- Start a chat and ask for a term sheet in your own words.
https://dominickprevete.com/api/mcp/pricingOn Grok Business and Enterprise accounts, an admin adds the connector first in the xAI console. Menu names change from time to time.
Some work accounts need an admin to add connectors. Menu names change from time to time.
What to say
Use the Instant Term Sheet tools to get me a term sheet. I'm buying a single-family rental at 12 Example Street, Columbus, OH 43215 in my LLC for $300,000 and want to borrow $225,000 on a 30-year fixed. It will rent for $2,400 a month; taxes are $4,200 a year and insurance $1,500. It's an investment property for business purposes, not somewhere I'll live. Email the term sheet to me.
Reviewer mode: a request whose email address is at example.com, example.org or example.net, or at a .test or .invalid domain, is priced and answered in full with a download link, but nothing is emailed and no lead is recorded.
For developers: Any assistant that connects to a remote MCP server over Streamable HTTP can use it. Tools: instant_term_sheet_requirements and request_instant_term_sheet.
What information should I have ready?
Every request, purchase or refinance, needs the property's full street address: number, street, city, state and ZIP. A partial address, or a placeholder in place of one, is not accepted.
Everything the tool can take, as the request groups it. Your assistant will ask for what is required and leave out what you do not have; an optional detail left out can only send the deal to Dominick for review, never price it wrong.
You
- Name required
- The investor's full name.
- Email required
- Where the term sheet is emailed: a permanent address at a domain that receives email.
- Phone optional
- Optional: the investor's phone number. Accepted only with phoneConsent true.
- Consent to be contacted by phone optional
- Required with a phone number: true only when the investor agrees to be contacted, recorded with the number as National Loan Provider's form words it: "By checking this box, I expressly consent to being contacted by National Loan Provider & Dominick Prevete."
The property
- Property address required
- Required on every request, purchase or refinance: the property's full street address on one line, with the number, street, city, state and ZIP, for example "12 Example Street, Columbus, OH 43215". A partial address, a county in place of the city, or a placeholder such as TBD is refused.
- State required
- The property's state, as a two-letter code.
- County optional
- Optional: the county's five-digit FIPS code. A county you give is the one used. Left out, it is read from the ZIP code in the address; where a program restricts counties and the ZIP code does not settle which county, a request without it is confirmed by hand.
- Units required
- The number of units. Instant term sheets cover 1–4 units; a property with more is priced by hand.
- Property type required
- The property type: sfr is a detached single-family home, sfr_attached a townhouse or row house, multifamily a residential building of 2 or more units.
- Accessory dwelling units optional
- Optional: accessory dwelling units on the lot besides the main dwelling; 0 for none. Left out, programs that read it cannot price the deal instantly.
- Lot size optional
- Optional: the lot size, in acres. Left out, the property is taken to be on 10 acres or less, and the term sheet says so. Give it where the property is on more than 10 acres, or where the borrower is a foreign national, since some programs for foreign nationals cap the lot at 2 acres.
- Condition rating optional
- Optional: the appraisal's condition rating, where one is known (C1 is new, C6 has substantial damage).
- Long-term or short-term rental optional
- Optional: long_term for a lease, short_term for nightly or weekly rentals. Left out, the rent is read as long-term. For a short-term rental, give dscrInputs.monthlyRent as the 12-month average gross monthly rent.
- Vacant (refinance) optional
- Refinances only, optional: true where the property has no lease and no tenant. Left out, it is taken as rented, and a term sheet that relies on that says so.
The loan
- Loan purpose required
- purchase, rate_term (a rate-and-term refinance) or cash_out (a cash-out refinance).
- Loan amount required
- The loan amount requested, in dollars.
- Purchase price optional
- Required for a purchase, and only for a purchase: the contract price, in dollars.
- Estimated value required
- The property's estimated or appraised value, in dollars. Leverage is measured on the lower of this and the purchase price.
- Other financing that stays optional
- Optional: other financing that stays on the property, in dollars; 0 for none.
- Product optional
- Optional: the product to lead with. Left out, the 30-year fixed.
- Prepayment penalty term optional
- Optional: the prepayment penalty term the investor wants, in months; 0 for none. One of 0, 6, 12, 24, 36, 48, 60. Left out, the deal cannot be priced instantly.
- Prepayment penalty structure optional
- Optional: the prepayment penalty's structure: fixed_5 (5% for the full term), fixed_3 (3% for the full term), declining (a penalty that declines over the term; the term sheet states how the lender that prices it calculates it) or six_months_interest (six months' interest on the amount prepaid). Left out, the deal cannot be priced instantly.
- Payoff of existing liens optional
- Refinances only, optional: the payoff of the liens the loan retires, in dollars; 0 where the property is owned free and clear. With the loan amount it gives the cash to the borrower at closing.
- Months owned (refinance) optional
- Refinances only, optional: how many months the borrower has owned the property. Left out, it is taken as at least 6 months, and a term sheet that relies on that says so.
The borrower
- Credit score optional
- The borrower's representative credit score. Where there is none, leave it out and set noScore to true.
- Without a credit score optional
- true where the borrower does not have a credit score. Never given with fico.
- Citizenship or residency required
- The borrower's citizenship or residency: us_citizen, permanent_resident, non_permanent_resident, foreign_national or itin.
- Vesting required
- How title will vest: entity (an existing entity), entity_to_be_formed (an entity formed before closing) or individual (the borrower's own name).
- Credit events required
- The borrower's credit events: bankruptcy, foreclosure, short sale or deed in lieu. Never empty: none: true, alone, where there have been none; otherwise the months since the most recent event of any kind, and since the latest bankruptcy and foreclosure where there has been one.
- No credit events optional
- true where the borrower has had no bankruptcy, foreclosure, short sale or deed in lieu, and no foreclosure is pending on this property. Given alone, with no other credit event field.
- Months since the most recent credit event optional
- Months since the most recent credit event of any kind (bankruptcy, foreclosure, short sale, deed in lieu); null for none.
- Months since a bankruptcy optional
- Months since the latest bankruptcy was discharged or dismissed; null for none.
- Months since a foreclosure optional
- Months since the latest foreclosure completed; null for none.
- A foreclosure on this property optional
- Whether a foreclosure was on this property.
- Refinancing out of a pending foreclosure optional
- Whether the loan refinances this property out of a pending foreclosure.
- Days past due on this property's mortgage optional
- Optional, for a refinance: how many days past due this property's mortgage is now; 0 when current.
- Where the credit is established optional
- Optional: us_credit or foreign_credit, where the borrower's credit history is established.
- Mortgage payment history optional
- Optional: the borrower's mortgage payment history over the last 12 months: clean (no late payments), 1x30x12, 0x60x12 or 0x90x12. Left out, programs that read it cannot price the deal instantly.
- Investment experience optional
- Optional: experienced (the borrower has owned investment property) or first_time_investor.
- First-time homebuyer optional
- Optional: true where the borrower is a first-time homebuyer. Left out, the borrower is taken not to be one, and a term sheet that relies on that says so.
Rent and carrying costs
- Monthly rent required
- The property's gross monthly rent, in dollars: the lease, or the market rent. For a short-term rental, the 12-month average gross monthly rent.
- Annual property taxes required
- Annual property taxes, in dollars.
- Annual insurance required
- Annual hazard insurance premium, in dollars.
- Monthly HOA dues optional
- Optional: monthly HOA dues, in dollars; 0 for none.
- Annual flood insurance optional
- Optional: annual flood insurance premium, in dollars. Left out, none.
Your three representations
- Business purpose required
- true only if the investor confirms the loan is for a business purpose.
- Non-owner-occupied investment property required
- true only if the investor confirms the property is a non-owner-occupied investment property: not the borrower's residence.
- Title vests as stated required
- true only if the investor confirms title will vest as the vesting field says.
The disclosure every term sheet carries
National Loan Provider (NLPI LLC) is a mortgage brokerage. It arranges, structures and places business-purpose financing across 100+ third-party lenders; it is not a lender and does not make credit decisions. This term sheet is indicative. It is not a commitment to lend or an offer of credit, and it is not an underwriting assessment of the borrower, the property or the transaction. Financing is business-purpose investor financing only; National Loan Provider does not arrange financing on owner-occupied residential properties or primary residences. The date of the rate sheet these terms are based on is stated under Rate sheet.
Send the deal to Dominick directly.
Written term sheet within 24 hours — rate, leverage, and structure.
A term sheet is non-binding and subject to underwriting, appraisal and full diligence; what the 24-hour window buys is a real written structure from a lender that fits, not a ballpark. No fee, and no hard credit pull to find out.