DSCR (DEBT SERVICE COVERAGE RATIO)

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DSCR (DEBT SERVICE COVERAGE RATIO)

Property qualifies for itself and not the borrower, Examples Gross rental income/monthly PITIA (principle, interest, taxes, insurance, and Association Dues). Based on a rental analysis to determine property cash flow

  • Appraisal market analysis w/rent roll
  • No limit on properties you can own
  • Great for investors
  • No employment required
  • 3 years seasoning on foreclosure, short-sales, bankruptcies, deed-in-lieu
  • Property type: Residential use ONLY
  • NO CONDOTELs
  • Minimum $75,000