DSCR loans provide borrowers with a flexible qualification process compared to other loans. Personal income is not required for qualification, as the loan is based on the potential rent of the property. Closing in an LLC is an option, along with other attractive features that cater to the needs of real estate investors.
- No personal income docs required
- You can own as many properties as you want, with no limit
- 1-48 unit properties including condotels
- Max LTV 85% for purchase transactions
- Max LTV 80% for cash-out refinance
- Interest-only options available
There are many benefits of using a DSCR alone for purchasing real estate or refinancing your investment real estate portfolio. As you can see the maximum amount of units is 48, which means you can purchase or refinance an apartment building that has a maximum of 48 units and we can do that loan as a DSCR.
Contact us and we’ll connect you with one of our DSR loan specialists so they can go over your goals and see how we can achieve them.