DSCR Loans in Houston, TX

Houston, Texas
Buying & Selling Real Estate
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DSCR Loans in Houston, TX

Angelo Looney
Member since 2022 · 3 posts · 1 vote

Does anyone have experience with these type of loans? Are they good for first time investors? I am using a FHA loan on my primary residence and don't want to refinance because we have a great interests rate.

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River SavaPro Member
Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
2y

Hi Angelo - 

Yes, DSCR loans are advantageous for first-time investors. They focus more on the property's income potential rather than personal finances meaning no DTIs, less paperwork, and more underwriting flexibility. You also have the ability to go through an LLC if that is the route you want to take and do not have a cap on size/concentration limits. Happy to chat with you further about this.

[email protected]
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  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    2y
    Quote from @Angelo Looney:

    Does anyone have experience with these type of loans? Are they good for first time investors? I am using a FHA loan on my primary residence and don't want to refinance because we have a great interests rate.


    Hi - sharing these posts on DSCR Loans published last year on BiggerPockets with all you need to know about the product, hope it helps!

    DSCR Loans: What Are They And How To Get The Best Terms

    https://www.biggerpockets.com/...

    DSCR Loans: How To Use Pro Strategies To Save More And Make More

    https://www.biggerpockets.com/...

    Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

    https://www.biggerpockets.com/...

    12 Frequently Asked Questions (And Answers) About DSCR Loans

    https://www.biggerpockets.com/...

    8 More Commonly Asked Questions and Answers to DSCR Loans

    https://www.biggerpockets.com/blog/eight-questions-and-answe...

    What Documents Do You Need for a DSCR Loan?

    https://www.biggerpockets.com/blog/what-documents-do-you-nee...

    BRRRR Loans: What Are the Options, and How Do DSCR Loans Stack Up?

    https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

    Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?

    https://www.biggerpockets.com/blog/short-term-rental-loans-a...

    DSCR Loans: Terms to Know When Working With These Popular Rental Loan

    https://www.biggerpockets.com/blog/dscr-loans-terms-to-know

    What’s Next For DSCR Loans? Updates For 2024 and Beyond

    https://www.biggerpockets.com/blog/what-is-coming-in-2024-fo...

    [email protected]
    Harpoon Capital514 Reviews
    WebsiteView Page
    1Reply
  • River SavaPro Member
    Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    Hi Angelo - 

    Yes, DSCR loans are advantageous for first-time investors. They focus more on the property's income potential rather than personal finances meaning no DTIs, less paperwork, and more underwriting flexibility. You also have the ability to go through an LLC if that is the route you want to take and do not have a cap on size/concentration limits. Happy to chat with you further about this.

    [email protected]
    1Reply
  • Ivan Chavez
    Real Estate Agent · Houston, TX · Member since 2021 · 10 posts · 3 votes
    2y

    Hey Angelo, I would suggest reaching out to some investor friendly lenders to see what loan options you have available for your current situation. I just spoke with a few lenders since some clients of mine are trying to buy an investment property. Turns out a DSCR loan may not be the best route for their situation. If you need some investor friendly lenders, I am more than willing to share. Best of luck!

    0Reply
  • Michael Taylor
    Lender · Dallas, TX · Member since 2024 · 10 posts · 1 vote
    2y

    Hi Angelo, DSCR programs are great loans. You should seek a Lender who can provide a formal Certificate of Approval Letter upfront and help Prequalify DSCR properties in advance to simplify the process.

    0Reply
  • Jimmy MarksBusiness Member
    Property Manager · Spring, TX · Member since 2016 · 56 posts · 31 votes
    2y
    Quote from @Angelo Looney:

    Does anyone have experience with these type of loans? Are they good for first time investors? I am using a FHA loan on my primary residence and don't want to refinance because we have a great interests rate.

    I have used several companies over the years. Feel free to reach out to me for some contacts and recommendations. 
    [email protected]214-532-6620
    Emerald Tree Property Management
    WebsiteView Page
    0Reply
  • Sarah NouriBusiness Member
    Lender · Member since 2024 · 16 posts · 1 vote
    2y

    Hi Angelo, 

    A DSCR loan is a great way to get into your first investment property. This loan product is tailored for experienced investors as well as first-time investors. The great thing about this loan is you don't have to show proof of income to qualify.

    Hope this helps! Happy to chat more if you have any more questions! 

    [email protected]833-615-6267
    Loanguys.com
    WebsiteView Page
    0Reply
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