Need funding to purchase or refinance
an investment property?
Begin a quote in seconds below
Best Rates · 24-Hour Underwriting · Experienced Lender
Close In 2 Weeks | 620 Min. FICO | Loans Up To $100M | Buy, Cash-out, Fix+Flip & More (Details Below)
1-4 Unit DSCR Rates as low as 5.565% (6.257% APR)
Need funding to purchase or refinance an investment property?
Begin a quote in seconds below
Best Rates · 24-Hour Underwriting · Experienced Lender
Close In 2 Weeks | 620 Min. FICO | Loans Up To $100M | Buy, Cash-out, Fix+Flip & More (Details Below)
1-4 Unit DSCR Rates as low as 5.565% (6.257% APR)
Need funding to purchase or refinance an investment property?
Begin a quote in seconds below
Tell us more about your scenario to receive a complete loan estimate and quote + consultation to review in more detail
30 & 40 year fixed rate loan options
Interest only options
Up to $100 Million Loan amount
Close in an LLC, Corporation, or trust
Rural, vacant, commercial & mixed use – okay
No title seasoning for cash out needed
No tax returns required
No minimum debt service required
Short term rental income (AirBNB) okay
No prepayment penalty options available
Our DSCR Rental Loans
30 & 40 year fixed rate loan options
Interest only options
Up to $100 Million Loan amount
Close in an LLC, Corporation, or trust
Rural, vacant, commercial - okay
No title seasoning options for cash out
No minimum debt service required
Short term rental income (AirBNB) okay
No prepayment penalty options available
#GETFUNDED
Best Rates | Fastest Turn times | Experienced lender
Qualify for an investment property using a DSCR loan. No income or employment verification. Qualify strictly based on rental income.
1 - 50 units eligible
Single family residences up to 8 units are eligible with the DSCR program.
620+ credit score
Qualify with at least a 620 mid credit score
Expanded LTV
Purchase up to 85% LTV
Rate & term up to 85% LTV
Cash out up to 80% LTV
Loan amounts up to $100M
1 - 50 units eligible
Single family residences up to 50 units are eligible with the DSCR program.
620+ credit score
Qualify with at least a 620 mid credit score
Expanded LTV | Loan amounts up to $4M
Purchase up to 85% LTV
Rate & term up to 85% LTV
Cash out up to 80% LTV
No Tax Returns Required
Qualify strictly based on rental income from the property
We deliver results for our clients
We can meet a tight deadline if purchasing a property, get you the best terms on a refinance or help you access your equity - all while customizing the terms to your needs.
Isaac helped me get approved and funded for a DSCR loan in such a smooth and efficient process! He worked around my work schedule and was very responsive to any questions or concerns I had. He was very professional and detailed and kept me updated every step of the process! His whole team with VirtuaLending were amazing!!
I would recommend him for future loan services!!!
Jessica Samson
I am really grateful to have worked with Issac and Jennifer for the last couple of weeks. Both were very knowledgeable, patience, and kind during the process of refinancing my property in a different state. Although there were setbacks, with Issac there was always a solution. His assistant, Jennifer, was also such a big help! I will definitely continue seeking their help!
Ana Hernandez
I had an excellent experience with VirtuaLending, particularly with Loan Officer Isaac. He went above and beyond, navigating complex files and even dedicating his weekend to ensure a smooth loan process. Isaac's commitment and dedication make Virtual Lending my go-to lender, and I highly recommend them to anyone in need of a mortgage lender.
Nhien Vo
Frequently Asked Questions
How am I qualified for the loan?
There is no income or employment verification with a DSCR loan. Instead, you are qualified based on the rental income that the property produces.
What if the property is vacant and there is no tenant in place?
If the property is currently vacant whether you are purchasing or refinancing, that is not a problem. The DSCR will be determined based on fair market rent determined via an appraisal.
Is short term rental income allowed (AirBNB)?
Yes! If you are purchasing or refinancing a property that's a short term rental (STR), we will need a copy of the last 12 months of rental bookings in order to determine the DSCR. If you are purchasing a property to use as a STR, we can use the projected earnings determined via AirDNA.
What is the minimum loan amount?
The minimum loan amount for a DSCR loan is $100,000. If you are need of a smaller loan amount, we have different programs to assist you.
Can I purchase under an LLC?
Yes! You can purchase under an LLC, corporation, or trust.
What if the rental income doesn't cover the mortgage payment?
If the rental income does not cover the mortgage payment the DSCR will be below 1.0. In this case, we can still help you get a loan but there may be some restrictions and change of terms.
Is there a prepayment penalty?
Yes, all business purpose loans come with a default 3 year prepayment penalty. However, there are options to reduce the penalty period or even completely eliminate the prepayment penalty.
Are first time homebuyers eligible?
Generally speaking, no. First time homebuyers are not eligible for a DSCR loan.
How fast can you close?
We typically close in 14-21 days!
Will you pull my credit?
Generally speaking we do not need to pull your credit for a quote. If you would like to get pre-approved, we will do a soft check (which does not affect your score or result in an inquiry). Hard inquiries are only required once submitting the loan to underwriting.
©2024 VirtuaLending
1161 Park View Dr, 210, Covina, CA 91724
NMLS 1992428
This offer is not guaranteed if you do not meet our criteria, including credit worthiness, insurability or ability to providing acceptable property as collateral. Terms and conditions apply. Programs, rates, terms and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. The content in this website has not been approved, reviewed, sponsored or endorsed by any department or government agency.
©2024 VirtuaLending
1161 Park View Dr, 210, Covina, CA 91724
NMLS 1992428
This offer is not guaranteed if you do not meet our criteria, including credit worthiness, insurability or ability to providing acceptable property as collateral. Terms and conditions apply. Programs, rates, terms and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. The content in this website has not been approved, reviewed, sponsored or endorsed by any department or government agency.
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