Welcome to the realm of property-based loans specifically for real estate investors. The DSCR investor loan or otherwise termed No Doc investor loan, is a terrific vehicle for people that are interested in investment properties. The DSCR loan is exempt from qualification mandates and evaluates the properties based marketable cash flow, offset against the principal interest, taxes, insurance, and other mandatory monthly cost, if applicable. Beyond that, it focuses on the borrower’s credit score and verifying the basic funds to close plus reserves.

DSCR stands for Debt Service Coverage Ratio.  This figure is derived by determining the marketable rent for a given property and dividing it by the total mandatory monthly property cost.  The marketable rent can be estimated with online resources, but the final marketable rent is determined by the licensed appraiser. 

Investor loans are available with the following options:

• Up to 85% Loan-to-Value
• No Employment or Qualifying income required
• Qualifications based on property cash flow
• Only 3 to 6 months reserves required
• Experienced and select first time investors
• Credit scores as low as 620
• Properties can be in an LLC
• Single family, PUDs, Condos and multi-unit properties, and non- warrantable condos
• Debt Coverage ratios below a 1.0 to 1.0 ratio
• No Debt Coverage Ratio required on select programs at 70% LTV
• DSCR cash out loans available
• Investor combo loans available for cash out and simultaneous purchase with No DCR at 75% LTV with 700 score in select states
• No limit on total number of properties
• Available in multiple states by property type

Contact us today at 703 319-2198 to review your scenario for a DSCR/No Doc Investor loan.