DSCR Loans
Florida DSCR Loans
As a real estate investor, you’re always on the lookout for ways to finance your investments. One option you may come across is a DSCR loan.
But what is a DSCR loan, and how can it help you with your real estate investment?
Call us today to find out.
How Can A DSCR Loan Help You With Your Real Estate Investment
A DSCR loan, also known as a debt service coverage ratio loan, is a type of loan that’s specifically for real estate investors.
The way it works is that the lender will give you a loan based on your debt service coverage ratio.
This is the ratio of your net operating income to your total debt payments.
In order to qualify for a DSCR loan, you need to have a strong debt service coverage ratio—generally, this means having a ratio of 1.25 or higher.
A DSCR loan may be a good option if you’re looking for financing for your real estate investment.
Be sure to talk to our lender about whether or not this type of loan makes sense for your situation.
DSCR Loan Benefits
How To Qualify?
Proof of income from property
Lower Debt Service Coverage Ratio
Lower Down Payments
No Employment Verification
Why You Should Choose Us
Personal Loan Specialist
Adone Mortgage is a personal loan specialist that offers a wide range of mortgage products to suit your individual needs. Committed to providing excellent customer service to help you achieve your financial goals.
Honest Rates and Approvals
A variety of mortgage products are available to qualified buyers. Our mortgage loan officers are committed to finding the right loan for you and will work with you to get the best rate possible.
Competitive Rates
Our goal is to save you money and help you reach your financial goals with competitive mortgage rates. Paying your mortgage monthly will be one less worry you have to deal with.
Frequently Asked Questions
A: DSCR stands for Debt Service Coverage Ratio. It’s a metric used by lenders to determine the riskiness of a loan. In general, the higher the DSCR, the less risky the loan is to the lender.
A fix and flip loan is a type of real estate loan that is specifically designed for investors who plan to purchase and renovate a property before reselling it. These loans are usually for shorter terms (less than one year) and have higher interest rates than traditional mortgages. Because the risks associated with these loans are higher for both the lender and the borrower, DSCR is typically used as one of the factors in approving or denying a loan application.
A: DSCR loans are a good idea for fix and flip investors because they offer a low interest rate and flexible terms. This makes it easier to get the money you need to complete your project.
A: A DSCR loan is a loan that is used to purchase or refinance a commercial property. The term of the loan is typically between 5 and 10 years, and the interest rate is fixed.
A: A DSCR loan, or “debt service coverage ratio” loan, is a type of hard money loan. It’s called a “hard money” loan because it’s made by private investors rather than traditional banks, and it’s called a “DSCR” loan because that’s the main criteria used to determine whether or not a borrower is qualified.