DSCR interest rates are determined by a number of factors. The driving factor is underlying macroeconomic conditions surrounding interest rates, just like with your conventional home mortgage. Other factors include borrower credit & experience, the strength of financials surrounding the asset being financed, the LTV, prepayment penalty options, and term of the loan. We offer loan terms up to 30-years with the option for both adjustable and fixed rates.

A DSCR loan is a type of loan that investors can utilize to qualify based on the cash flow from the rental property, as opposed to their personal income. Conventional loans require extensive personal income verification, such as tax returns and pay stubs, whereas, DSCR loans rely on the rental property’s financials to qualify. The debt service coverage ratio is determined by dividing the property’s Gross Monthly Rent by the loan’s Monthly Mortgage Payment.

Yes! We love helping first-time investors. We are here to help with any questions you have including property valuations, budget reviews, and profitability calculations. Our goal is to work with you to help you succeed.

Yes. In fact, some of our DSCR partners require that the property be owned by an entity.

DSCR loans can be utilized for a number of different property types, ranging from single-family houses and condos to duplexes/triplexes/fourplexes, all the way up to 30-unit apartment buildings. We can also consolidate multiple properties into one loan if you have multiple rental properties and only want one monthly payment. The primary rule regarding DSCR loans is that they MUST be for investment properties; we cannot do a DSCR loan on your primary residence.

Yes, a credit pull is an underwriting requirement; however, we will not pull your credit until you have decided to move forward with the loan and we are collecting all of the documentation during processing before submitting to underwriting.

After you apply, a Loan Officer will reach out to you to get a little more information about your scenario and what you are trying to accomplish with your new loan. We will ask you questions about your rental property and get the information we need in order to find you the best loan option available. Once we have found you the best loan option to meet your goals, we will call you to discuss what that loan would look like. If everything looks good, our dedicated processing team will work with you to complete a full loan file for us to submit to underwriting. Once we have final approval, you will go sign loan documents at your local title company, and then you’re done!