What are the typical Personal "Declarations" needed on a DSCR Loan Application?

Robin SimonPoster

#3 Private Lending & Conventional Mortgage Advice Contributor

Lender
Austin, TX

Posted August 11, 2026 08:35

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🤔What are the typical Personal "Declarations" needed on a DSCR Loan Application?
👨‍🏫 There are a series of Declarations that each guarantor must answer honestly and sign accordingly, meaning any dishonesty here is a significant issue and would constitute a form of mortgage fraud that could have serious consequences. While most DSCR Lenders will seek information on these areas through credit reports, background checks and other forms of financial underwriting, some information may not be found there or otherwise slip through the cracks. These attestations are an important part of the application and should always be answered fully and transparently.
Typical (Yes/No) Declarations on a DSCR Loan Application:
➡️Are there any outstanding judgments against you?
➡️Have you been declared bankrupt within the past 7 years?
➡️Have you had property foreclosed upon or given a deed in lieu in the past 7 years?
➡️Are you a party to a lawsuit?
➡️Are you obligated to pay alimony, child support, or separate maintenance?
➡️Are you presently delinquent or in default on any federal debt or any other loan, mortgage, financial obligation, bond, or loan guarantee?
➡️Is the property securing this loan subject to a lien not disclosed in this application?
➡️Are you borrowing any part of the down payment or closing costs?
➡️Are you a U.S. citizen?
➡️Are you a permanent or non-permanent resident alien?
These are all formatted as “Yes/No” questions and a letter of explanation attached to the application, or at least further details will likely be required for each “Yes” answer (the sole exception is the “Are you a U.S. citizen?” question).

DSCR Loan Process: Documents Overview: Stage 2: Application & Credit Authorization
https://harpooncapital.com/dscr-loans-guide/dscr-loan-proces...