DSCR
loans.
Qualifies on the property’s rental income, not your personal income.
The program
Let the rent qualify the loan.
DSCR stands for debt service coverage ratio: the property’s rental income divided by its monthly payment of principal, interest, taxes, insurance and association dues. If the rent covers the payment, the property can qualify on its own.
Lenders don’t use your personal income to qualify, so there are no tax returns or pay stubs to gather. DSCR loans are made for investors buying or refinancing rental properties, and many lenders allow closing in an LLC.
What to know
Four things to know about DSCR loans.
- 01
The ratio
Rent divided by the monthly payment. Above 1, the rent covers it.
- 02
Investment only
For properties you rent out, not a home you live in.
- 03
Short-term rentals too
Some lenders accept vacation rental income.
- 04
Purchase or refinance
Use it to buy a rental or to refinance one, including cash-out.
Working with Vadim
One broker, from the first call to the closing table.
Talk it through
A call about the property, the numbers and how you plan to exit.
Apply once
One application, while Vadim looks at several lenders.
Vadim shops the loan
As a broker, he compares programs from multiple lenders and brings you the options.
Close
He stays with you through underwriting, the appraisal and closing.
Loan programs
Three ways to fund the next deal.
For flippers, landlords and developers. Buying a home to live in? See the home loans.
