DSCR rental loans
Qualify on the property’s rent instead of your income. No W-2s or tax returns, and you can close in your LLC. Works for long-term and many short-term rentals.
The property and the loan
$
20 to 25% typical
%$62,500
ask me for today's
%
Payment type
Rent and expensesTaxes and insurance fill in from the price. Change them if you have real numbers.
current lease or market rent
$
$
$
$
vacancy and repairs
% of rent
Alabama assesses rental property at 20% of value, twice the rate of a home you live in, so expect taxes on a rental to run about double.
Debt service coverage ratio (DSCR)
0.00Strong
Cash flow / mo$0
Cash on cash0%
Cash to close$0
Loan amount$0
Principal and interest$0
Rent for a 1.25$0
Want a quote on this property?
Send me your details and I'll run real terms on this deal, compare DSCR against a conventional investment loan, and reach out myself. No credit pull to start.
Got it. I'll run the numbers on this property and reach out shortly. Heath
~ All figures are estimates for illustration only. DSCR here is monthly rent divided by principal, interest, taxes, insurance and HOA dues; each lender calculates it a little differently and may use an appraiser's market rent. Cash to close assumes ~3% of the price for closing costs and does not include required reserves. DSCR loans are for business-purpose investment properties, not homes you live in. Rates, down payment and minimum DSCR depend on credit, property type and program. Not a commitment to lend. All loans subject to credit approval. Heath Martin, Mortgage Loan Originator, NMLS #2679799, Thrive Lending, Company NMLS #2191014. Equal Housing Opportunity.
Loans I can help investors with
Conventional investment loans
If your income documents well, a conventional loan on a rental can mean a lower rate and as little as 15% down on a single-family home.
2 to 4 units you live in
Buy a duplex, triplex or fourplex, live in one unit and rent the rest. FHA and conventional options start with a much smaller down payment.
Cash-out on your rentals
Pull equity out of a property you already own to fund the next one, or refinance a property you bought with cash after a rehab.
I’ve been on your side of the deal.
Before mortgages, I ran a real estate investment company. I know what it’s like to find a good property and then wait on a lender who doesn’t get it. Send me the address and the rent, and I’ll tell you quickly which loan fits and what it takes to close.