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.
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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.
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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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