DSCR Loans

30 Year Fixed Rate Interest Only Available

Qualification based on property cash flow.

Credit scores start at 660

No personal income, no employment verification needed

Up to 80% LTV

Loans up to $1.5 Million, $75k minimum

No limit on total number of properties

Purchase and cash out (or rate and term refinance)

Properties can be in LLC's name

Non-warrantable Condo's ok

DSCR Loans

• Debt service coverage ratio loan
• Based on the cash flow of a rental property and the loan payment
• No tax or personal income documents needed
• Much easier to qualify for than traditional mortgages
• Covers all types of rental properties
• Build your rental portfolio much faster

DSCR Loans Are Fast & Easy

• Faster closing times
• No income verification required
• Unlimited cash out
• As little as 20% down payments
• Interest-only loan option available
• Both long-term and short-term rentals are eligible
• No maximum number of properties

Lending Area: AL, AR, AZ, CA, CO, CT, FL, GA, IL, IN, KS, KY, MA, MD, MI, MN, MO, NC, NJ, NV, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA, WI and WV, as well as Washington D.C.

DSCR Ratios

The debt service coverage ratio is calculated by taking rental revenue and dividing it by the cost an owner has to pay for a property. Costs include the principle and interest of the loan, property taxes, insurance and HOA if applicable.

Most lenders require a ratio over 1.0 which means that the rental income is equal to the properties annual (or monthly) debt obligations.

However we can, at times, offer ratios as low as 0.75.

That means that the rental income can be as low as just 75% of the debt obligation.

Real Estate Investors can purchase an unlimited number of rental properties.

You will grow your portfolio much faster!