DSCR Loans
One of the best mortgage loan options for real estate investors.
A DSCR loan is often a great option for real estate investors looking to purchase or those who own long-term rental properties. DSCR (or debt service coverage ratio) is a measurement of a property’s expected cash flow to determine ability to repay a mortgage loan. This allows borrowers apply for loans based on your property’s cash flow, not your income.​ At the same time, this saves borrowers the red tape and hassle of submitting complicated income statements and tax returns. Contact our team today to see if a DSCR loan is the right option for you!
DSCR Loan Features
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Loans up to $2.5 million for purchases or refinances
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Cash-Out Loan amounts up to $1.5 million
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Qualification based on property cash flow
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No personal income or employment information required
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Rent must cover at least 75% of the monthly mortgage payment
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Clients must have 6 months of mortgage payments in reserves. Reserves can be held by the borrowers bank account, CD, retirement account, or stock account.​
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Minimum FICO score of 680
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Maximum Loan-to-Value (LTV) is 80% for purchase or refinance
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Maximum Cash-Out Refinance is 70%
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Properties can be single family and multifamily (up to four units)​
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Conventional vs DSCR Loans
NOTE: It's important to note that the specifics of conventional Non-QM mortgage loans can vary depending on many factors. This chart provides a general overview of the key differences between the two types of loans. Contact us at 503-343-7999 to learn more about the lending solutions we offer!
Other Loans We Offer
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Hard Money Loans:
Hard money (a.k.a. asset-based) loans allow you to use your real estate assets instead of your income to qualify.
Bank Statement Loans:
A bank statement loan allows investors to verify their income using bank statements instead of tax returns.
No Income Documentation Loans:
One of the lowest hassle Non-QM loans available to borrowers looking to purchase or refinance.
Contact Us
Lending Office
17125 Boones Ferry Rd, Lake Oswego, OR 97035
Phone
Direct Line: 503-343-7999
Office Hours
Mon - Fri
9:00 am – 5:00 pm