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