Investment property and DSCR
Financing for rental property, including loans qualified on rental income.
Investment property loans finance homes you plan to rent rather than live in.
DSCR (debt service coverage ratio) loans qualify mainly on the property's expected rental income relative to its payment, rather than on personal income documentation.
Good to know
- Investment loans typically require a larger down payment and are priced differently from primary residence loans.
- DSCR guidelines vary by lender and property type.
- Plan for reserves, vacancy and maintenance when reviewing the numbers.
Questions to bring to Sapan
- Would this property qualify on its rental income?
- How much should I keep in reserve?
- How do conventional and DSCR financing compare for this purchase?
Program availability, terms and eligibility are confirmed with Sapan against current Secure Choice Lending guidelines and the states where he is licensed.