Program Overview
A Debt-Service Coverage Ratio (DSCR) loan is a top option for borrowers who want to use investment earnings, rather than their income, to qualify for a mortgage. This type of loan falls under the Non-QM umbrella, meaning that it doesn’t require borrowers to meet the strict federal guidelines mandated by traditional mortgages. It uses alternate criteria to confirm eligibility.
QMG helping with DSCR Loans
If property investment cash flow makes up a significant portion of your income, our DSCR mortgage might help you get closer to your real estate goals. As an investor, You can avoid high rates and the high points associated with private loans, lengthy approval processes, and strict financing criteria. A debt service coverage ratio loan (DSCR) is a type of no-income loan, which also possesses its own unique advantages. Important things to note when applying for a DSCR:
- Borrowers need a minimum credit score of 599 to qualify.
- We allow a combined loan-to-value ratio (CLTV) of up to 85%.
- DSCR calculations as low as twenty percent are eligible for the program.
- Borrowers must have owned any property type in the past 24 months to qualify.
Contact our team of skilled loan officers today, and see if the debt service coverage ratio loan is right for you!