DSCR MORTGAGE

DSCR Mortgage Program

DSCR stands for Debt Service Coverage Ratio. Our DSCR mortgage is a flexible and controllable loan option for real estate investors and property owners. Instead of focusing on the borrower's credit score and income, DSCR mortgages assess the property's cash flow to determine the borrower's ability to repay the loan.

With a DSCR mortgage, borrowers can secure financing for their properties based on the property's actual income and expenses. This means that borrowers with lower credit scores or irregular income streams can still qualify for financing if their properties generate enough cash flow to cover the loan payments

How is DSCR Calculated?

DSCR (Debt Service Coverage Ratio) is a financial ratio that can be used in business, government, and personal finances. In real estate, DSCR is often used to determine whether an investment property's cash flow can cover its mortgage payments.

The higher the DSCR, the better. A DSCR above 1 means that the property has positive cash flow and enough net operating income to cover its debts. A general rule of thumb is that a DSCR above 1.25 is considered good.

DSCR Features

1 Day Approval

Highly Competitve Rates

No Income / No Employment

No Ratio

Max Loan Amount 3 Million

3-6 Months reserves

Minimum Score 620

Less Documentation

Investment Properties, Condo Hotels, Mixed Used, 5-8 Units

Single Family / Condo / Townhouse

Short-term rentals up tp 80% CLVT

Non-Warrantable Condominiums

30/40 Years Fixed Rate

No Prepayment Penalty Available

Fast Closings

No Mortgage Insurance

No Tax Return Required

Purchase / Refinance / Cash-Out

Max Cash Out $1 million, mo limit for CLTV <55%

50% DTI

Up to 80% Loan to Value

Gift Funds Allowed

Minimum Borrower Contribution 20%

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We have the

Best DSCR

Programs for You

305-336-2403

apply@klickmortgage.com

We Have the Best Programs for You