Here is a video that gives you an idea of pricing
Call Today to Get Current Pricing
The Debt Service Coverage Ratio loan is a great option for investors who want a speedy solution when buying properties.
This non-prime loan is fairly straight forward because the property is used to qualify itself. Basically an appraisal is done providing a value and also rental comps. The rental comparables need to support the monthly payment of the DSCR mortgage.
The investor does not need to show tax returns or a history of purchasing properties like a fix and flip loan. They are also able to finance up to 20 properties this way.
The DSCR ratio is determined by the total mortgage payment compared to the P & I, taxes, insurance and HOA dues if there are any. Great loan and we work with the largest wholesale lender who has great pricing