11/30/2023
What’s a DSCR loan?
Looking to purchase an investment property? How about a 30-Year DSCR loan with no income docs required and a fast closing? ✅
No income, no employment, no DTI necessary.
Refinance or purchase using either your existing rental income or using comparable market rents, with rates starting as low as 7.5% (7.875% APR). 🚀
Qualifying for a mortgage on an investment property can be tricky, particularly if the borrower owns multiple properties. With a DSCR (debt service coverage ratio) loan, the only income that we have to think about is the potential rental income from the subject property.
Some other things to keep
In mind…(typical of a DSCR loan)
🏘️ Investment properties only
💰 Max loan amount up to $4M
📈 85% LTV on purchase, 80% LTV on rate & term refinances, 75% LTV on cash-out
🕰️ 30 and 40-Year Interest Only Options Available
🏡 Short-term rental income? We say yes (AIRBNB)!
📊 Not enough rental income? No problem - no ratio options
📉 2nd mortgage options available - don’t touch your first rate!
📈 Credit score minimum is 620
🏢 1-8 units welcomed
💸 Cash-out amounts Up to $1.5M
🚀 No prepayment penalty option
📝 Close in LLC—No hassles!
Your investment, your terms.
Discover your customized DSCR options to fit any investment strategy.
Call us to help you find the right investment or to get the right financing. Or to help with both.
This is not an offer to finance. This is info to help you understand what other options are out there for an investor.
Raquel Marchant
Keller Williams VIP
Broker Associate
DRE #01165332
CSMC Mortgsge
Loan Officer
NMLS #1570216