DSCR | Rental Income Mortgage
Current or projected rent on the subject investment property is used to qualify. No personal income or tax docs needed! DSCR is an easy, low-doc investment loan to finance long & short-term rental properties and to build cash-flowing portfolios!
DSCR Highlights
- DSCR (debt service coverage ratio) - use current or projected property cash-flow to qualify 3 ways: positive cash-flow, negative cash-flow, and no cash-flow (no ratio DSCR)
- True No Ratio (NO personal or property income) DSCR also available up to 65% LTV
- Long-term rental, m-m, and Airbnb/short-term rental income used
- 1-4 & 5-30 unit investment properties (commercial 30+ multifamily)
- Mixed-Use allowed
- Credit score: 600+ and modest financial reserves
- Low document loan w/ NO personal income documents required!
- Purchase, refinance, and cash-out mortgages
- Loan-Value (LTV) percentage ranges up to 80% depending on number of units, FICO, DSCR (rental) ratio on subject property, and size of loan
- Quick closings: 3 - 4 weeks
- Mortgage loan sizes depend on # of units (1-4) and credit factors - but range $75K - $4M+
- No mortgage insurance. Interest-only available. Foreign National & Work Visa eligible!
- Online Application | Secure Document Uploads | Mobile App | Email/Text Loan Updates!