DSCR Loans

At MOD Mortgage, we recognize the unique challenges and opportunities that real estate investors face. That's why we're proud to offer Debt Service Coverage Ratio (DSCR) loans—a specialized mortgage solution designed to streamline the financing process for investment properties. These loans focus on the property's income-generating potential rather than the personal income of the investor, making it easier for you to expand your portfolio.

What Are DSCR Loans?

DSCR loans evaluate an investment property based on its ability to cover the mortgage payments through the income it generates. This approach is ideal for investors who want to finance new acquisitions or refinance existing properties without the constraints of traditional income verification methods.

Features and Benefits

  • Investment-Focused Financing: Tailored specifically for real estate investment properties, including single-family homes, condos, and multi-family units.

  • Simplified Qualification Process: Qualification is based on the property's Debt Service Coverage Ratio, not your personal income or debt-to-income ratio.

  • Flexible Lending Criteria: DSCR loans offer more lenient credit and income requirements, making it easier for investors to qualify.

  • No Personal Income Verification: Your investment property's income potential is the primary focus, simplifying the application process for seasoned investors and newcomers alike.

Eligibility and Requirements

To qualify for a DSCR loan, you'll need:

  • A Favorable DSCR: The property must have a Debt Service Coverage Ratio that meets or exceeds our minimum requirement, typically a ratio of 1:1 or higher.

  • Property Evaluation: An appraisal to determine the property's income potential and ensure it aligns with our lending criteria.

  • Investment Strategy: A clear understanding of your investment goals and how the property fits into your portfolio.

  • Credit History: A credit profile that supports your reliability as a borrower.

How to Apply

  1. Property Identification: Begin by identifying the investment property you wish to finance.

  2. Preliminary Assessment: Contact us for a preliminary assessment of the property's DSCR and its eligibility for financing.

  3. Application Submission: Apply through our online platform or with the assistance of our dedicated lending team.

  4. Finalization: Once approved, we will guide you through the closing process, ensuring a seamless transaction from start to finish.

Why Choose MOD Mortgage for Your DSCR Loan?

MOD Mortgage is committed to supporting real estate investors with tailored loan solutions that recognize the value of your investments. Our experienced team understands the real estate market's nuances and is here to help you leverage your properties' income-generating potential.

Ready to Begin?

If you're looking to finance your next investment property with a DSCR loan, contact us today. Our team is ready to assist you in navigating the application process and securing the financing you need to grow your portfolio.