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DSCR Loans (Investment Loans)

A Debt Service Coverage Ratio (DSCR) loan can be a powerful tool for expanding your real estate portfolio. Owning real estate can be an excellent investment vehicle with the right financing and management of risk. Preferred Rate offers its visionary investment program to make your investment goals possible.

DSCR = Gross Rent/Proposed PITIA (ITIA for Interest Only Loans)

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Product highlights

  • Qualify using property cash flow, not personal income
  • Loan amounts up to $3,000,000
  • Up to 85% LTV for purchase and rate/term refinance
  • Borrower can own unlimited financed properties
  • Employment/Income qualification not applicable
  • Interest-only options available
  • 600 minimum credit score
  • Business entity and LLC vesting allowed
  • Non-warrantable condos and condotels allowed on exception
  • Short-term rentals allowed
  • ITIN and Foreign National borrowers eligible
Borrower advantages
  • DSCR loans take into account the property’s ability to generate income, not just the borrower’s creditworthiness. This means that, compared to traditional loans, they may qualify for a larger loan amount based on the property’s cash flow potential.
  • DSCR loans are specifically designed to ensure a property’s operating income comfortably covers its debt obligations. This not only reduces financial risk but also enhances an investor’s ability to manage multiple properties simultaneously without stretching their resources too thin.
Realtor advantages
  • DSCR financing opens up a broader range of property options for your clients
  • By incorporating DSCR loans into the financing mix, clients can strategically acquire properties with sustainable cash flow
  • Assist first-time investors as they get into the market through cash flow qualifications
Preferred Rate helps first-time homebuyers with easy mortgage options.
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