DSCR

Min. Credit Score 620 Min. 20% Down Payment

Our DSCR loan program is designed with real estate investors in mind. We focus on the cash flow generated by your investment property, not your personal finances. This means you can qualify for a DSCR mortgage even if you don't have a traditional job or income.

Program features

Qualifying with rental income only, including long-term (leased) or short-term rent (Airbnb, VRBO, etc.)
All properties must be non-owner occupied
DSCR as low as 0
Only 3 months of reserves required
Cash-out available

Why choose our DSCR?

No income or employment verification required
Debt-to-income ratio is not considered
Fastest turn times in the industry

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Program details

No income, no employment

Mixed-use and multi-family (5-8 units) allowed

Ability to close in an LLC

Short-term rental is available

Cash-out available

DSCR as low as 0

40- & 30-year fixed, 5/6 & 7/6 ARM terms

Eligible for Non-Permanent Residents and Foreign Nationals (under Foreign National DSCR Program)

Gift funds allowed

Ownership of any property within the past 36 months

Minimum borrower contribution is 20%

First-time homebuyers allowed

DSCR FAQ

What is a DSCR loan?

A DSCR loan is a mortgage based on the income from your investment property, not your personal income. This makes it a great option for real estate investors who want to grow their portfolios without relying on their personal finances.

What is the Debt Service Coverage Ratio?

The Debt Service Coverage Ratio (DSCR) is the ratio of an investment’s net operating income to its total debt service. It is a way to determine whether a borrower has enough cash flow to pay its current debt obligations.

How is DSCR calculated?

DSCR is calculated by dividing the property’s annual net operating income by the annual debt service (the total amount of principal and interest payments) on the mortgage.

How do DSCR loans work?

We evaluate your property’s rental income to determine if it can cover the mortgage payment. Higher rental income generally means a better chance of qualifying for a loan.

What are the requirements for a DSCR loan?

The requirements for a DSCR loan can vary. Typically, we will approve a DSCR as low as zero if you have a strong credit score of 680. We require a minimum credit score starting at 620, a down payment of at least 20%, and 3 months of reserves to qualify. The maximum you can borrow for a DSCR loan is $3 million. DSCR loans can be used for investment properties with up to eight units.

What are the advantages of a DSCR loan?

DSCR loans offer several advantages, including faster approvals, no income verification, and no limit on the number of DSCR loans you can take out.

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#Yes to investors

Foreign Nationals DSCR

Min. Credit Score 660 Min. 30% Down Payment

Loan amounts up to $3 million
Cash-out available
Flexible rental income requirements
Investment properties

Second Mortgage

Min. Credit Score 680 Min. 15% Down Payment

Loan amounts up to $500,000
Debt-to-income (DTI) ratio up to 50%
Owner-occupied, second home, or investment property
Minimum credit score 680