Special Programs For Investors
What Is The DSCR Mortgage?
DSCR stands for Debt Service Coverage Ratio. This program bases your eligibility on your down payment (20% or more), your credit score, and how much the anticipated rent from the property exceeds the payment on the property.
These loans require less documentation, so they can move quickly.
Get The Home You Want. Make An Impact
and your loan also helps support the Tithe Foundation’s work in local communities.
Common Questions
How is the Debt Service Ratio Calculated?
The Debt Service Coverage Ratio (DSCR) primarily focuses on the amount of rent you will be collecting compared to the mortgage payment for the property.
Example: If your rent on an investment property is $3,000 per month and the mortgage payment on that property is $2,500 per month then you would be at a ($3,000 / $2,500) = 1.2 ‘coverage ratio.
What is the lowest down payment needed to purchase an investment property?
You can purchase an investment property with full documentation with as little as a 15% down payment.
Can I purchase investment properties through my LLC?
In some cases, yes, you can purchase the property in your LLC’s name. Restrictions apply. Let’s discuss.
Can I purchase an empty home and use future rent as income?
Depends. On Investment properties the appraisal adds a ‘Market Rent Analysis’, stating the market rent for the property. You may be able to use part of that Market Rent, even without a lease signed, depending on your experience as a real estate investor.