Go offline with the Player FM app!
E040: DSCR Loan Program for real estate investors
Manage episode 327789758 series 2428571
How to get approved for a rental property mortgage with no employment history or personal income
With a Debt Service Coverage Ratio (DSCR) loan, there is no verification of personal income.
The approval is done based on property cash flow, not personal income.
You still need to meet credit and asset requirements, but the process is extremely simplified by not having to get tax returns, or any other personal income docs.
These are available on home purchase, rate/term refinance, and cash out refinance.
In today’s post, I cover everything you need to know about getting a DSCR Loan.
Full post here: https://balanceprocess.com/dscr-loan-program/
Full video here: https://youtu.be/5Bvh7fSYyDI
55 episodes
Manage episode 327789758 series 2428571
How to get approved for a rental property mortgage with no employment history or personal income
With a Debt Service Coverage Ratio (DSCR) loan, there is no verification of personal income.
The approval is done based on property cash flow, not personal income.
You still need to meet credit and asset requirements, but the process is extremely simplified by not having to get tax returns, or any other personal income docs.
These are available on home purchase, rate/term refinance, and cash out refinance.
In today’s post, I cover everything you need to know about getting a DSCR Loan.
Full post here: https://balanceprocess.com/dscr-loan-program/
Full video here: https://youtu.be/5Bvh7fSYyDI
55 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.