DSCR Loans - No Income Verification - Unlimited Properties

Debt Service Coverage Ratio Loans*A debt service coverage ratio loan approval is based on the cash flow of the subject property:The DSCR measures the ability of the subject properties revenue to pay the mortgage and expenses (in its entirety), your loan approval is based on those figures. 30 Year Fixed Rate - Interest Only Available
Qualification based on property cash flow.
No personal income, no employment verification needed
Up to 80% LTV
Loans amounts up to $1.5 Million, $75k minimum
No limit on total number of properties
Purchase and cash out (or rate and term refinance)
Properties can be in LLC
Non-warrantable Condo's ok
QualificationsCredit score minimum 660
1.00x - 1.25x Qualifying ( 1.00% = 100% of the subject property expenses are covered by it's monthly revenue. - 1.25% = 125% of the expenses are covered).
The DSCR measures the ability of the subject properties revenue to pay the mortgage and expenses (in its entirety), the loan approval is based on these figures.
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