Low Doc Loans for Your Rentals
No Income Verification
30-Year Fixed Rate
1-4 Unit Properties
Up to 80% LTV/LTC
Minimum Loan Amount $100k for Single Family; $40k per door on multifamily
Minimum Seasoning or Experience Required. Credit Score minimum of 620.
Length to close is typically 3-4 weeks. Can close in a Trust. Can close in a LLC.
What is a DSCR Rental Loan?
DSCR Rental Loans, or Debt Service Coverage Ratio Loans, are loans designed and underwritten based on performance of the property (think cash flow), and the borrower’s credit score. No need for the borrower to provide proof of personal income, tax returns, employment status, debt-to-income status, etc. DSCR Loans typically close quicker and with less hassle than a conventional bank loan for your rental property.
