What is a DSCR Loan?
Debt Service Coverage Ratio (DSCR) are excellent for borrowers to qualify for a mortgage based on forecasted cash flow generated from an investment property . For example the lenders will use the rental inflows to qualify you against the forecasted PITI (Principal, Interest, Taxes, & Insurance) monthly payments. As opposed to using personal income to qualify, DSCR opens a whole new dimension of possibilities when it comes to investing in real estate.
DSCR Loans Are Really Simple!
If you have no income documentation, perhaps in between job or taking an early retirement to invest in real estate, The DSCR program is perfect for you. For that program our lenders will not ask for any W2, 1099 or tax returns. They just run an analysis on the forecasted of the property. If the future rental income can at least cover the mortgage payment including taxes and insurance, then you are good to go. DSCR loans do usually require a minimum down payment of 20%.
The DSCR Loan Process
Fast & Simple
Here’s how our home purchase loan process works:
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Complete our simple DSRC pre-approval letter request
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Receive options based on your unique criteria and scenario
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Compare mortgage interest rates and terms
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Choose the offer that best fits your needs