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NO RATIO DSCR LOANS

High value SFRVACATION RENTAL investment mortgages.

No-Ratio DSCR loans, the fast track to short term rental passive income.

DSCR Loans

Use Rental Income to Qualify!

Yes, with a No-Ratio DSCR loan you can use rental income and even potential rental income to help qualify for rental home DSCR loans.

No-Ratio DSCR Loans are Fast and Easy Loans for Vacation Rentals

What is a no ratio loan?

A No-Ratio DSCR loan is a type of mortgage that allows us to approve your loan without verification of your income. Basically it's a "potential rental income mortgage". We call this debt service coverage ratio, but without actually being tied to your W2.

With a No-Ratio mortgage loan, we don't consider your income to qualify. Instead, we focus on the income potential of the property and down payment. No ratio DSCR loans close faster too because it involves way less documentation than conventional loans with no debt service coverage ratio. 

No Ratio DSCR Loan Program Basics

No-ratio DSCR loans are now part of our new dscr loan program for 2022. Our No Ratio DSCR Loan program offers real estate investors simplified financing options for investment properties.

  • Easy qualify: Use debt-service coverage ratio (DSCR) of the subject property
  • DSCR must 1 or higher
  • Designed for Investment Rental Properties
  • SFR (Single Family Rentals)
  • Duplex & Four-Plex Units
  • Commercial Retail Units
  • Strip Malls
  • Airbnb & Vbro Units
  • No W-2 needed.
  • Credit Scores as low as 640

What is debt service coverage ratio (DSCR)?

The debt service coverage ratio is the ratio of annual net operating income and annual loan debt for the investment property loan. The lender can use the down payment and DSCR to assess the income potential of a loan and determine the maximum income protection of private mortgage insurance for a particular loan amount.

DSCR loans are great for investment property. However, our DSCR no ratio loan for investment property is based on the cash flow stated by the investor of the rental properties.

DSCR Loan Interest Rates for Income Property

DSCR Loan Interest RatesWe provide the best mortgage rates for investment property based on a potential rental income mortgage calculation. Interest rates may still be moving and many eager investors have been holding back due to fears of the hassles of finding financing with their challenging personal credit scores.

Fortunately, we are now providing a variety of new lending products without debt service coverage ratio are available in 2022, including streamlined loans with limited documentation requirements for the credit challenged with competitive rates.

Any dips in housing prices makes up for higher interest rates. Our DSCR loans are fast and easy. Call us today for a free consultation. 888-375-7977

It's a pretty straightforward investment property dscr loan:

Up to 70% of value-based is upon an appraisal that we order and you pay for. Most areas of the USA. The property can be vacant or not support traditional DSCR or DTI requirements to qualify for no ratio DSCR lending.

We do this without the DSCR ratio which requires tons of financial documents. We won't let the DSCR ratio get in the way of helping you obtain your investment property DSCR loans.

This means the real estate investment mortgage loan for the rental property has no debt to income ratio needed to qualify for the investment property loans.

Our type of DSCR loan programs are also easier to qualify for DSCR loans because the principal and interest payments are stated cash flow investment property loans.

Stated Income No Ratio DSCR Loans

You tell us how much the rental income you get from the monthly rent and the net operating income gets your rental property approved for the DSCR loans without worrying about your W2 debt service coverage ratio getting in the way of your investment property. Getting started is easy, call now! 888-375-7977

No Ratio DSCR Loan Pricing

debt service coverage ratioPricing incentives for DSCR loans without debt service coverage ratio are based on zip code, LTV, the credit score(s), loan size, leased vs vacant, and term but your personal income, personal debt obligations, etc... do not impact the maximum loan amount.

We focus on the cash flow generated from the monthly payments of your tenants. Your rental income mortgage will of course depend on the potential rental income mortgage after calculations of the profits your investment property will provide.

Hard Money Lending for a DSCR Loan

Hard money lending for DSCR loans without using debt service coverage ratio compared to conventional loans for your own home where you could be eligible for a 0% down payment, other lending agencies want a higher payment of up to 305%. We can use the net operating income of the investment property to get your DSCR loans approved.

For the best rates and terms for your investment property DSR loans, you need a hard money lender like us that can provide a no ratio DSCR Loan, which is why many of the people who are growing investment portfolios choose us for DSCR Loans . We are your hard money lender, give us a call today. 888-375-7977

 

What Is NOI (Net Operating Income)?

Net operating income, (NOI) is a standard in DSCR loans. Most lenders use net operating income (NOI) as a calculation used to analyze the profitability of real estate investments to ensure it meets minimum principal and interest payments.

It equals all revenue from property, minus any reasonably necessary expenses such as insurance and maintenance costs that don't directly relate to generating cash flow for investors.

This is basically calculating DSCR so we can get you a no ratio loan based on the property income and not your personal income. Since we focus on NOI for your DSCR loans, we won't let service coverage ratio DSCR get in the way of your DSCR loans.

What is debt service coverage ratio (DSCR)?

The debt service coverage ratio is the ratio of annual net operating income and annual loan debt for the investment property loan.

The lender can use DSCR to assess the income potential of a loan and determine the maximum income protection for a particular loan amount.

DSCR loans are great for investment property. However, our DSCR no ratio loan for investment property is based on the cash flow stated by the investor of the rental properties.

What is a debt-to-income (DTI) ratio?

Rental Income for Mortgage Property

Easy Approval for Rental Property uses Rental Income to Qualify

Start taking advantage of the value of the property's possible income, not by the DSCR of the property tied to your W2. There is no debt service coverage ratio to your personal income for a no ratio loan.

Start a short-term rental LLC, then we can transform your DSCR loan so it can be a vacation rental, High-Value SFR with our DSCR loan program with our new no ratio loan.

Apply online now for quick pre-approval for rental investment property or call 888-375-7977. 

 No Ratio DSCR Loan Program Basics

No-ratio DSCR loans are now part of our new dscr loan program for 2022. Our No Ratio DSCR Loan program offers real estate investors simplified financing options for investment properties.

  • Easy qualify: Use debt-service coverage ratio (DSCR) of the subject property
  • DSCR must 1 or higher
  • Designed for Investment Rental Properties
  • SFR (Single Family Rentals)
  • Duplex & Four-Plex Units
  • Commercial Retail Units
  • Strip Malls
  • Airbnb & Vbro Units
  • No W-2 needed.

No Ratio Loan in the Short Term Rental Market

This is expected to be another record year for the US real estate market for short term rentals. The real estate investor of today is not focused on interest only, finding a home loan without the debt obligation poking it's nose into your personal income can be a challenge. A DSCR mortgage is your answer for real estate investors wanting commercial properties.

The borrower's ability to pay the debt obligation, if tied to personal annual debt won't see as much rental income from their real estate investment vs using our dscr program with no ratio. A rental income mortgage with DSCR loans is fast and easy, call us today for fast approval for rental property.

In order to take full advantage of the opportunities, investors need leverage, a minimum DSCR (debt service coverage ratio) loan. We frequently approve short term rental loans for credit scores as low as 640.

COMPETITIVE RATES

FIXED RATE TERMS with NO PROPERTY INCOME RATIOS

  • 3/1 ARM – NO Balloon
  • 5/1 ARM – NO Balloon
  • 10/1 ARM - NO Balloon
  • 30 year fixed - Fully amortizing
  • Interest Only option

All 30 year amortization

  • Pre-Payment Penalty - 3 or 5 year declining
  • Upfront fee - Appraisal only
  • Can use your own title company
  • Close is about 3 weeks
  • Funds into an LLC or personal name & have to be experienced investors
  • Lender fees are 1.0 - 2.0% of loan amount (paid at closing)
  • We do want to see 6 months PITI cash reserves in a back account.

Easy & Fast Loan Qualifying – 3 week closing

  • No W2s Required
  • No tax returns Necessary
  • No 4506s Ever
  • 640 credit minimum
  • Past bankruptcy OK – Greater than 2 years
  • Past foreclosure OK – Greater than 2 years
  • LTVs up to 70% of the value today

Loan Purposes

These No Ratio income and no ratio mortgages can be used for:

Close Fast with a Vacant Property!

No income ratio mortgages with stated income loans can be ideal for investors needing to close fast with a vacant property, who want a streamlined closing process, and want to be confident when making offers on new purchases.

Easier qualifying may now make it possible for more investors to obtain the fair leverage they have been searching for. Apply now to close fast with vacant rental property.

Advantages of a DSCR Loan with No Ratio

Flexible qualification guidelines

This is why the concept of stated investor loans is important to help beginners or seasoned investors; you state how much the property earns to show there is no negative cash flow to qualify for the DSCR loans. Great for your first vacation rental.

Your personal income from your W2 does not come into play when trying to purchase loans with mortgage brokers because we look at the rental income instead.

Potential Positive Cash Flow

We look at the possible positive cash flow of the rental properties for the DSCR mortgage to set the loan terms of your mortgage payments.

So, yes the property can be vacant to cover the debt service mortgage loan. We know your interest is in rental income, so we created a specific loan with loan options for a borrower just like you.

Is it hard to get loan for an investment property?

We say it's easy but that is not what most mortgage companies do because they have to use your debt to income ratio. You have come to the right place because we are a hard money lender who can provide DSCR lending without debt service coverage ratio getting in the way of getting your DSCR loans. We believe investment property income is more important than the service coverage ratio dscr.

For other mortgage companies obtaining investment property, loan applications can be tough because borrowers consider investment properties to be riskier and they can only use debt service coverage ratio to get your DSCR loans.

If a landlord stops paying their monthly payment they will need to make a payment on the mortgage if the tenant stops paying. We have removed those obstacles so apply today or call us to get started. 888-375-7977