Happy Friday, Investors! Let's Talk DSCR Numbers

[Joyce Ann Magallanes]

Wrapping up the week with a quick note for anyone working on rental deals.

DSCR loans continue to be one of the most useful tools for investors who want financing based on the property's cash flow instead of personal income. Programs are currently offering up to 85% LTV on purchase* and up to 80% LTV on cash out refinance*, with a 720 minimum credit score to qualify.

If you are sitting on a rental property and thinking about pulling cash out, or eyeing a new purchase before rates or inventory shift, this is worth a look before the weekend. Interested to know how you'll qualify? Send your scenario now. 

*Rates, LTV, and program terms are subject to change and vary based on borrower credit profile, property type, and market conditions. Not all applicants or properties will qualify. This is not a commitment to lend.