DSCR Loans

DSCR stands for Debt Service Coverage Ratio. This means that the loan is qualified on the cash flow or market rents of the subject property. No tax returns, W-2s or paystubs are required. 

This is a loan for investors. It’s not meant for a primary residence, as the lender is looking at the property’s rent income to repay the loan. 

Most lenders want the investor to evidence that they already own their primary residence or can provide a lease to evidence they have a primary residence. Some lenders will allow first time home buyers. 

Minimum down payment can be as low as 15%, but 25-30% is ideal. FICO score can be in the 600s, but 700+ will get you better terms. Foreign national borrowers are allowed.

IND Mortgage LLC is a broker. I work with multiple lenders with differing requirements. Reach out to me to evaluate your scenario. I will connect you with the right loan product.

Pauline Lee | pauline@indmortgage.com | (508) 525-5415 | www.indmortgage.com