Welcome to the realm of property-based loans specifically for real estate investors. The DSCR investor loan or otherwise termed No Doc investor loan, is a terrific vehicle for people that are interested in investment properties. The DSCR loan is exempt from qualification mandates and evaluates the properties based marketable cash flow, offset against the principal interest, taxes, insurance, and other mandatory monthly cost, if applicable. Beyond that, it focuses on the borrower’s credit score and verifying the basic funds to close plus reserves.

DSCR stands for Debt Service Coverage Ratio.  This figure is derived by determining the marketable rent for a given property and dividing it by the total mandatory monthly property cost.  100% of short-term Airbnb type rental income ALLOWED based on our projection model up to 85% LTV (available for all LTV’s 680 score minimum).  Some restrictions apply.

Investor loans are available with the following options:

• Up to 85% Loan-to-Value (for information on 85% LTV DSCR Investor Loans click here)
• No Employment or Qualifying income required
• Qualifications based on property cash flow
• Only 3 to 6 months reserves required
• Experienced and select first time investors
• Credit scores as low as 620
• Properties can be in an LLC
• Single family, PUDs, Condos and multi-unit properties, and non- warrantable condos
• 5-8 unit properties available up to 75% LTV as standard DSCR loans.
• Debt Coverage ratios below a 1.0 to 1.0 ratio
• No Debt Coverage Ratio required on select programs at 70% LTV
• DSCR cash out loans available
• Investor combo loans available for cash out and simultaneous purchase with No DCR at 75% LTV with 700 score in select states
• No limit on total number of properties
• Available in multiple states by property type

We offer No Doc (DSCR) Cash out or Rate/term permanent financing for investor properties that were recently acquired and rehabbed, based off the current appraised value, and not your cost basis.  No title seasoning and no minimum ownership period required to use the appraised value with MLS before pictures and evidence of rehab/improvements from appraiser.

Contact us today at 703 319-2198 to review your scenario for a DSCR/No Doc Investor loan.