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.
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 lending 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:
Contact our team of skilled loan officers today, and see if the debt service coverage ratio loan is right for you.
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