Debt service coverage ratio, or DSCR, is a measurement of a property’s expected cash flow to determine ability to repay a mortgage loan.
It’s a fantastic loan option for real estate investors that will qualify you based on a rental analysis used to determine the property’s cash flow. No personal income is required to qualify saving you from submitting complicated income statements and tax returns.
– Short-term rentals and VRBOs okay! – Properties can be in LLC’s name – No limit on total number of properties – Purchase and cash-out or rate-term refinance – 40 year fixed interest only available – Non-warrantable condos allowed