Get a term sheet instantly without having to provide tax returns or a Personal Financial Statement. There is no DTI calculations or painful application.
DSCR loans are designed to help investors scale beyond the limitations of Fannie Mae and Freddie Mac. These programs have zero DTI (debt-to-income) requirements. Therefore, we won’t need to review tax returns or calculate your personal income. Instead, we’ll rely on the property’s Debt Service Coverage Ratio (DSCR), FICO, LTV, and liquidity. These programs favor entity vesting in many cases so we have no issue using your LLC or Corporation as the borrower as long as we have a personal guarantor who owns at least 20% of the entity. DSCR loans have no cap on the number of financed properties you own where as Fannie Mae, Freddie Mac, and most banks will have limits.
View the full-page version of our DSCR loan rate calculator today at the link available here. There is also an embeddable version of the calculator on this page below that functions identically. Enter your particular scenario details and create a Borrower account to keep track of your various submissions over time. The direct link to the calculator is dscr.investorpropertyloan.com.
