Debt Service Coverage Ratio

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(DSCR) Debt Service Coverage Ratio Mortgage

Qualify for a home mortgage using rental income from properties you own, no tax returns are required.

Get better rates and terms without the lengthy approval processes, and strict lending criteria of a traditional mortgage. Debt service coverage ratio mortgage (DSCR), is a type of no-income mortgage that allows borrowers to qualify with rental cash flow, instead of your income.

A DSCR mortgage is a type of non-QM mortgage for real estate investors that cashflow rental properties. Lenders use DSCR to help qualify real estate investor mortgages with a simple formula. Debt service coverage ratio mortgages can help you expand your investment portfolio faster.

Because real estate investors deduct tax-related expenses on their investment properties, many individuals do qualify for a conventional mortgage. A debt service coverage ratio mortgage allows real estate investors to qualify more without proof of income via tax returns or pay stubs that investors either don’t have or that don’t represent their actual income due to write-offs and business deductions.

 

(DSCR) Debt Service Coverage Ratio Mortgage

Rates & Terms

PROPERTY TYPES
Single family, condos, townhomes, multi-family 2-4 units

LOAN AMOUNTS
$75,000 – $2,000,000

LTV
Up to 80% of the value

TERM
30-Year Fixed-Rate Rental Loans with interest only options

Income calculated on the property, not the borrower
Fixed or Adjustable options on 30 year terms

Get Your Mortgage Going

Welcome to Groves Capital
The Nations Premier Home Loan Lender

Groves Capital is a family-owned business based in San Diego, CA. We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Today’s technology is providing a more productive and real-time environment. For example, through our website, you can submit a complete and secure loan application or pre-qualify for a home loan. You may also evaluate your different financing options by using our interactive calculators and going over various mortgage scenarios.  Additionally, you can search for properties through our interactive MLS portal.  In the complex world of lending; our goal is to make it as simple as possible.

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