DSCR Loans
Get $100K-$4M in as little as 2 Weeks
- Lending Across All 50 States
- Top Rated DSCR Lenders
- As Low as 5.99% Interest Rate
- As Low as 15% Down Payment, 85% LTV
- Up to 30 Year Repayment Period
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Why Get a DSCR Loan with LoanPathLoans
Debt Service Coverage Ratio (DSCR) loans have become increasingly popular among borrowers. Unlike traditional loans, they don’t rely on your personal credit or financials. Instead, they’re based on the income of the property you’re looking to buy or refinance. This means that even if you don’t have great credit, you may still be able to qualify for a DSCR loan. At LoanPathLoans, our network of top local real estate lenders can get you DSCR loans for as low as 1.2 index.
If you’re looking to purchase an investment property without providing proof of personal income to qualify, a DSCR mortgage loan from LoanPathLoans may be the right solution. Our network of top local lenders will look at debt service coverage ratio (DSCR) to determine eligibility, offer you the best rates, and set a down payment as low as 15%. Keep in mind that down payment requirements depend on your credit score and DSCR.
LoanPathLoans’ DSCR Loans require no tax returns, W2s, or pay stubs. It’s one of the only no-income-verification loans in today’s market. We review the loan based on the property’s income, not yours.
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LoanPathLoans' DSCR Loans
LoanPathLoans offers DSCR loans that are advantageous for real estate investors as they enable them to secure financing based on the property's income potential rather than solely on personal creditworthiness, facilitating larger investments and potentially higher returns. Inquire for Free!
No Personal Income Check
When you apply for a DSCR mortgage loan, you can be confident that your personal income won't be evaluated. There's no need to provide us with proof of your personal earnings or mountains of paperwork. We're only interested in the property's estimated cash flow.
Faster Closing
DSCR loans make it possible to skip time-consuming and unnecessary paperwork, which helps to shorten the approval process. Since these loans are based on the property's cash flow, we don't need to scrutinize your employment history or personal income. In comparison to a conventional loan, the DSCR approval process is much quicker.
DSCR Loan offers Flexible Terms
Since DSCR loans are non-QM loans, there are no strict qualification guidelines. Some lenders may approve your loan even if you don’t meet the typical DSCR loan requirements, such as a ratio of at least 1.0 or a credit score of 620 or higher.
Some Words From Our Clients
See why businesses consistently choose LoanPathLoans to get a Hard Money Loan.
John Aeuyeung
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“We didn't think getting a DSCR loan was within our reach because thought only savvy investors could leverage this product. LoanPathLoans made us feel like experts by explaining all the calculations and coming up with an index of 1.30 which much more cashflow potential than we thought. We now have an excellent tenant and a beautiful retirement house.”
Ballaji Rajasekaran
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“With me and my wife losing our job, we didn't think we could buy a house because of zero employment income. A friend told us about DSCR and we pulled 200K out of our 401K for a downpayment and now we have solid income stream to hold us over until one of us find a job.”
Sage Faraday
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"I recently went through a nightmare divorce and then I got hit with a double whammy, getting laid off at a big tech firm. I needed an income stream to hold me over for both child support and alimony until I found another job. A friend told me about DSCR Loans and I was about to use it to purchase to rental properties to cover my expenses.”
Torrey Thompson
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“This is our 4th DSCR Loan with LoanPathLoans and they will be there all the way for us in building our real estate empire...to the moon! What we like about them is that they are patient with our questions but move FAST. On top of that they offer DSCRs as low as 1.20.”
Suzie Lin
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“It's been a wild (but awesome) ride working with LoanPathLoans and their lending experts in DSCR. Calculations are done honestly and quickly and they are not penny pinchers like some other private lending companies. They are not worrying about a few tenths of a point in DSCR but looking at the big picture of working with us for the long term.”
Steve Bennings
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"We just closed on our 7th property with LoanPathLoans. The last 3 loans were using DSCR Loans as this provided us with additional capital to renovate our house, one for flipping. I definitely recommend BPL for your first or 10th DSCR Loan!”
Apply for a Real Estate Loan in 3 Easy Steps
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Simply fill out our online inquiry form form with basic information about your real estate loan needs, and you will know your approval status within 48 hours.
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Utilize our user-friendly online application platform to securely submit your details and essential documents.
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Finalize loan terms with our top lenders with clarity on interest rates and fees. Experience the convenience of swift fund disbursement directly to you,
DSCR Loans FAQs
Investment properties are all about creating profit and our unique loan product keeps your monthly cash flow a priority. Our network of top local real estate lenders that will qualify you on your property’s expected rental income, not your personal income or debt which means you don’t need to meet income, debt, or employment requirements other financing options require.
You also get great perks like faster closings and loan options to lower your monthly payments. Whether you’re hoping to refinance your investment property or looking to add to your real estate portfolio, LoanPathLoans lending marketplace is here to help!
DSCR loans are typically long-term hold loans. They are usually 30-year fixed, although they do come in different forms.
This isn’t a bridge loan that you’ll refinance out of or sell in a few months to a year. DSCR loans are designed as long-term options for investors. You get them, and then you stay put.
Technically, you could use a DSCR loan to buy and flip a property, but it will cost you more money. DSCR loans come with some unique features, such as prepay penalties.
They’re also not set up to be fix and flip loans because they require you to put 20% down, no matter what the value of the property is
Most, if not all, DSCR loans come with a prepay penalty.
A prepayment penalty is a fee charged by lenders when a borrower pays off their loan before the agreed-upon term ends.
If you have a three-year prepay and sell or refinance your loan before the end of the term, you may be charged a fee. These exit fees are usually between three and 5% of the loan amount. For instance, a $200,000 loan may cost you up to $10,000 in exit fees.
All a DSCR calculation looks for is whether income (rent) covers expenses. The calculation looks like:
Rent ÷ Expenses = DSCR
When they’re looking at expenses, they’re only looking at your mortgage, your taxes, your insurance, and any HOA fees. They’re not going to take into account property management or maintenance.
A DSCR loan is not always better than a conventional loan, but it is in certain circumstances.
For example, if you just started in business and can’t go the conventional or bank route, DSCR loans wouldn’t care. They also don’t care if you write everything off or want to pay the IRS as little as possible. In addition, DSCR loans will finance up to an eight-unit property, whereas conventional loans only go up to four units.
DSCR loans usually won’t have better rates, but they’re overall easier to qualify for.
Why Choose LoanPathLoans
Same-Day Approval, Next-Day Funding
Our network of top local real estate lenders will get you your funds in the shortest time possible. We use the latest technology, while ensuring we still keep that friendly customer service. Funds deposited in as little as 24 hours following approval. Inquire Now
Lowest Cost
LoanPathLoans leads with a commitment to affordability, providing real estate investment solutions with exceptionally low-interest rates. All of this would not be possible without our network of top local real estate lenders who have the best rates and terms for your real estate loan product.
Simplified Process
Our end-to-end lending process, from application to approval, utilizing our network of top local real estate lenders ensures a smooth and stress-free experience. Trust LoanPathLoans for straightforward and hassle-free real estate investment solutions tailored to your needs.
Experience
LoanPathLoans excels in the private mortgage sector, offering over a decade of experience and client satisfaction. Our track record of providing 1000s of loans for all levels of real estate investment funding sets us apart from the rest.
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