Are you looking for a way to finance your next real estate investment without the hassle of income verification or tax returns? If so, you might want to consider a DSCR loan. A DSCR loan is a type of mortgage that allows you to qualify based on the rental income potential of the property you want to buy or refinance. You don’t need to show your personal income or tax returns, just the cash flow of the property. The lender will use the debt service coverage ratio (DSCR) to measure the ability of the property to pay the loan. The DSCR is calculated by dividing the net operating income (NOI) of the property by the debt service (principal and interest payments) of the loan. A higher DSCR means a lower risk for the lender and a better chance of approval for you.
At Titanium Mortgage, we specialize in providing DSCR loans for real estate investors like you. We can help you find the best DSCR loan for your scenario, with the lowest rates, fees, and down payment requirements. We can also guide you through the entire loan process, from application to closing, and answer any questions you may have along the way.
Whether you are looking for a DSCR loan up to 80% LTV, a low DSCR of 1.0, or a fast and simple approval process, we have the solution for you. Contact us today and get started on your DSCR loan application.
Can any lender provide a DSCR loan?
A DSCR loan is a type of mortgage that allows borrowers to qualify based on their income from rental properties, rather than their personal income. This can be useful for investors who own multiple properties or have low personal income. However, not all lenders offer DSCR loans, and some of the major ones like Wells Fargo Home Mortgage and Chase Home Loans do not have this option.
Titanium Mortgage is one of the few lenders that offer this product. If you are interested in learning more about DSCR loans, please contact Sheldan Perry at 713-524-4242 or email sheldan@tmortgage.net
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