DSCR INVESTOR LOANS · 11 STATES
Qualify on the rent a property earns, not your personal income. Duane compares DSCR programs for investors in the 11 states where I am licensed.
Licensed in 11 states
Compare many lenders
No-pressure advice
WHAT IT IS
DSCR stands for debt service coverage ratio. Lenders compare the property's rental income to its monthly housing payment, including principal, interest, taxes, insurance and any HOA dues.
If the rent covers the payment, the property can support the loan. Personal tax returns and pay stubs are usually not required. Rates and down payments differ from agency loans, and terms vary by lender.
The property's rent drives qualifying, which helps investors with several properties or complex returns.
Buy a new rental, or refinance an existing one, with cash-out options on some programs.
Many programs allow you to close in an LLC. I confirm what each lender requires.
Some lenders consider short-term rental income. Guidelines vary, so I check each program.
HOW IT WORKS
01
Share the property, expected rent and your down payment. I estimate the ratio.
02
I look at rate, down payment, prepayment terms and reserve rules across lenders.
03
Expect a lease or appraiser rent estimate, entity documents if you use an LLC, and proof of funds.
04
Appraisal, underwriting and closing follow. I keep the timeline moving.
LOCAL KNOW-HOW
Rents, taxes and local rental rules vary widely. I check each property against the program.
Virginia
Investors across Virginia buy long-term rentals and small multifamily. Rents and taxes vary widely by locality.
Tennessee
Tennessee investors weigh long-term rentals and vacation properties near the Smokies. Short-term rules vary by city and county.
Georgia
Georgia has active rental markets across metro Atlanta and the coast. I check each property against the program.
FAQ
Many lenders look for a ratio at or near 1.0 or higher. Some allow lower with a larger down payment. It varies.
Many DSCR loans include one. Terms vary, and I show you the options so you can choose.
Some lenders allow it with supporting data. Local rules matter, so I check the property and the market.
EXPLORE MORE
NEXT STEP
Send me the address and rent estimate and I will outline your options. No obligation.
Duane Buziak, NMLS #1110647, Coast2Coast Mortgage, LLC, NMLS #376205. Licensed in VA, FL, TN, GA, NC, SC, MD, DC, WV, TX and KY. Equal Housing Lender. This information is educational and is not an indication of loan qualification, approval or a commitment to lend. Rates, programs and guidelines change and are subject to credit approval.
