DSCR investment Mortgage
No Time Wasted: DSCR Loans for Efficient Portfolio Growth
Unlock portfolio growth effortlessly with our tailored DSCR loans, designed for rapid expansion without the need for personal income details.
DSCR loans to suit tycoons and young investors just starting out
Rental properties are an excellent way to increase your net worth and diversify your investment holdings. Mbanc clients return to us time and time again because of our financial insights throughout the purchase cycle. Our diligent review of the numbers will help to clarify your purchase decision.
- Only for investment properties
- Loan amounts up to $3.5M
- Unlimited refinance cash-out up to $3M
- No Income Check
- Qualify using short-term & long-term rental income
- Non-warrantable condo and Condotel properties are eligible
- No W2s, pay stubs, or tax returns required
- 10 - Year Fixed Interest Only Options on 30 & 40 Year Terms
Try Our 2-Minute QuickQual
What is a DSCR Investment Rental Jumbo Mortgage?
There are no income requirements for a DSCR mortgage. Unlike conventional loans that hinge on your personal income and debt, a DSCR loan evaluates your property’s projected rental income as the primary qualifying factor.
DSCR stands for debt service coverage ratio. For example, if the ratio required is 1.25, it means the property must produce 25% net positive cash flow after all expenses have been deducted.
Whether you’re a prospective property owner, a real estate investor, or an entrepreneur seeking to tap into the real estate market, this innovative loan option grants you unprecedented flexibility and seamless financing.
Mbanc was able to finance a property purchase for us with a slightly unorthodox loan on an unusual property which was outside the boundaries of what they usually do. Along the way there were a few times it seemed like it would snag, but each time Alvin worked tirelessly to find a way to get the deal through. He and Helmut could see the value of the property and believed in it but it took a lot of creativity to finally close.
Jules G.
How the process works
Purchase or refinance your short or long-term rental. Our process is straightforward.
Let's discuss profitability - the call is on us
We’re excited to hear about your property and investment plans during our initial conversation. We will share useful insider information to move forward with your financing.
We'll deep dive into the data with you
Take advantage of our extensive experience with rental property mortgages. Mbanc uses powerful tools, including the STR Verfi, to uncover insights about the location, property condition and amenities, the tax environment, and overall market trends.
Put the Non-QM DSCR Loan into action
Whether you need to leverage current equity for a DSCR rental refinance cash-out mortgage, need an interest-only or closed-end second mortgage, work in property syndication, or need a Jumbo loan, we’ll design a solution tailored to your mortgage needs.
Close fast and repeat
We work in many states across the nation. Savvy investors love partnering with us because we are informed, driven, ethical, and competent. We work hard to meet your closing deadline. If you are starting with your first rental income property or need a new mortgage lender – we want your repeat business.
Investors demand tailored mortgage solutions
Mortgage Approval Made Simple
Aside from great mortgage programs, at mbanc, you’ll find enthusiastic and knowledgeable experts ready to offer you premier service.
DSCR Rental Investment Mortgage
Qualify with Confidence: DSCR program caters to real estate investors, offering qualification based on rental property cash flow.
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Rental Income Mortgage Success Stories
Ready for an informative first phone call?
A dedicated Mbanc loan professional will help you explore our flexible rental mortgages. We offer unparalleled concierge service and market insights for property investors.
Frequently Asked Questions
Contact us for a complimentary quote on our competitive rates to discover your potential qualification amount.
What is a DSCR Mortgage?
A DSCR (Debt Service Coverage Ratio) Mortgage primarily evaluates the subject property projected or actual rental income as a qualifying factor, rather than a borrowers personal income and debt.
How do lenders calculate DSCR for a Mortgage Loan?
MABNC calculates a DSCR mortgage by taking the estimated or actual monthly rental income from the subject property and dividing it by the monthly mortgage costs. The DSCR equation plays a pivotal role in mortgage qualification by showcasing that the rental income generated from the property is adequate to cover the debt obligations.
What documentation is required to apply for a DSCR Mortgage?
The DSCR Mortgage program does not require traditional income verification documents such as W-2 forms, tax returns, or pay stubs, simplifying the application process and focusing on the rental income of the subject property.
What is the maximum loan amount and LTV ratio under the DSCR Mortgage program?
The DSCR Mortgage program offers loan amounts up to $3.5 million with a maximum loan-to-value (LTV) ratio of up to 75%, facilitating substantial financing options for investment properties.
What types of properties are eligible for financing under the DSCR Mortgage program?
The DSCR Mortgage program accommodates various property types including single-family homes, condominiums, condotels, and 2-4 unit properties, providing a range of options for investment property financing.
Can I qualify for a DSCR mortgage using short-term rental income?
Yes, short term rental income is eligible.
What are the rates for a DSCR Mortgage?
Your specific mortgage rate is influenced by a range of elements: income evaluation method, down payment/equity status, credit score, loan term, income, and debt. Reach out to us for a complimentary quote on our competitive rates for self-employed mortgages and discover your potential qualification amount.