DSCR loans (Debt Service Coverage Ratio) are mortgage loans used for purchasing or refinancing short-term or long-term rental investment properties. No income documentation is required. A DSCR loan qualifies borrowers based solely on the cash flow from the subject property. Market rent as determined by an appraiser and lease agreements (when applicable) are the primary tools used to assess the cash flow of the investment property.
The primary benefit of a DSCR loan is that no income documentation is required to qualify. There is no DTI or residual income requirement.
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