DSCR - No Doc Loan Highlights

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• Calculate the DSCR

• Lenders divide the property's net operating income (NOI) by its total debt obligations. 

• Evaluate the property

• Lenders consider the property's condition, location, and ability to generate consistent cash flow. 

• Determine eligibility

• Lenders use the DSCR and other factors to decide if the property is eligible for the loan.

• DSCR loans can be a good option for investors who don't have extensive personal income documentation. DSCR loans can be used for purchases, rate and term refi, and cash out refi.

• DSCR loans typically require a down payment of 20% or more.

• DSCR loans may have higher interest rates than conventional loans.

 

DSCR - No Doc Loan Costs  ​

• Depending on the property's cash flow, DSCR loans could carry higher interest rates and fees compared to traditional loans. This is particularly true if the property's income doesn't fully meet the lender's requirements, which could increase the overall cost of financing. Non-QM loans are typically more expensive than traditional mortgages.

Non-QM Loan Programs

 

Uses for DSCR - No Doc loans Purchase and refinance, Cash-out refinance, and New home purchase.  For 

non-owner-occupied or second homes.

 

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