Private DSCR - Rental
DSCR Loans are a financing option for investors looking for a long-term solution, at an attractive rate.
Underwriting is heavily weighted on the DSCR (Debt-Service Coverage Ratio) and not the individuals DTI (Debt to Income).
Standard Loan Terms
Max Loan Amount: $2,000,000
Max LTV (Loan to Value): 80%
Term of loan: 30 Year Fixed and ARM (5/1 and 7/1)
Payments: Monthly Principal and Interest payments.
Property Types
Single-family residences.
Condominiums.
Townhouses.
Two to four units. More than 4 units case by case, only with board approval.
Standard Requirements:
- Credit Application (1003)
- Last 2 bank statements (US bank account)
- Copy of ID and Borrowing Entity docs (Can close under personal name or
company)
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- Purchase Contract (If Purchase)
- Property Insurance
- Lease Agreement (if applicable)
- Short term rentals allowed
- HOA Payment Information
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Call 786-262-6486 or emai rodkohly@gmail.com or complete the Form below for free, no obligation information