DSCR Loans

Getting you the mortgage you deserve

ARM - Adjustable Rate Mortgages

DSCR: No-Income Mortgage Loan
Qualify for a home loan without using your tax returns with a Debt Service Credit Ratio loan program. As a real estate investor, you can avoid high rates and high points of private loans, lengthy approval processes, and strict lending criteria with a debt service coverage ratio loan, which is a type of no-income loan. Qualify for a loan based on your property’s cash flow, not your income.

What is DSCR and how is it calculated?

DSCR is the ratio of Net Operating Income (NOI) to Debt Service (the mortgage payments).

As an example, the borrower has an investment property in mind that has a monthly lease income of $4,000 and a monthly PITI debt of $3,200. The DSCR in this example is 1.25. This means the property generates 25 percent more income than is needed to pay the debt obligation, therefore generating positive cash flow. This valuation provides the lender with a quick tool to break down the borrower’s ability to sustain and pay off the debt obligation on a real estate investment.

Program features:

    • No income and no employment needed
  • 1007 only for rental income
  • FICO 620
  • Up to 80% CLTV
  • DSCR as low as 0
  • Only 3 months of reserves required
  • Cash-out available up to 70% LTV
  • Gift funds allowed
  • 1-4 Units, Condotels allowed
  • Mixed-use and multi-family (5-8 units) allowed

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