These are the FAQs I get about DSCR loans:

❓ If my purchase price is 50% of the value of the house, will the DSCR cover 100%?

▶️ Answer: No. DSCR lenders will take the lesser of the purchase price and value

❓ Can I get 80% LTV on a cash out refinance?

▶️ Yes, depends on the state

❓ Can I use an income approach on a single family or fourplex?

▶️ Answer: No. 1-4 unit properties are residential and appraised using a Sales Income Approach

❓ Can I refinance a manufactured home?

▶️ Yes! You can get up to 75% LTV with the right lenders, too.

❓ I don’t own anything, can I still get a loan?

▶️ Yes! These loans are perfect for new or seasoned investors.

❓ Can I remove the prepayment penalty period?

▶️ Yes, generally. Your interest rate or fees would slightly increase, as a result.

❓ Can you DSCR multifamily?

▶️ Yes! Residential and commercial properties can qualify.

❓ Do I need a 1.2 DSCR to get this loan?

▶️ NOPE! Most lenders will approve a 1.0 DSCR (some, even lower, but don’t buy a property that’s negatively cashflowing)

❓ What states do you not lend in?

▶️ North and South Dakota 😔

❓ Can I get a DSCR to buy and renovate a property?

▶️ No, DSCR loans do not give you funds to rehab a property. Use a Hard Money Loan.

What questions do you still have?

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These are the FAQs I get about DSCR loans:

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