Investors, qualify for a mortgage to purchase an investment property without any income or employment verification.
A DSCR loan, short for debt service coverage ratio, is a a program that allows you to qualify for a mortgage to purchase an investment property without any income or employment verification. Instead, you are qualified based on the rental income that the property produces. In order to qualify, the rental income must cover the full mortgage payment (PITI).
These loan programs are offered on default, 30 year fixed terms. However, there are interest only options available for 30 and 40 year terms, if you need to maximize your monthly cash flow. Since these loans are for investment properties, there is a default 3 year prepayment penalty which can be lowered via an additional cost or an add to the interest rate.
Complete the loan application below, then schedule a time for us to connect and review your application together.
VirtuaLending | NMLS #2015906
Isaac Sanchez | NMLS #1992428
9267 Haven Ave, 220,
Rancho Cucamonga, CA 91730
(NMLS Lic. #2015906) Is an equal housing lender. This is not a commitment to lend or extend credit. Programs, rates, terms and conditions are subject to change without notice. Terms and conditions apply. All rights reserved. Contact us for details. Consult your accountant about tax deductions. NMLS Consumer Access