DSCR
Debt Service Coverage Ratio (DSCR) loans allow investors to qualify for financing based on the rental income of the property rather than personal income verification.
At Murray Mortgage Solutions, we specialize in helping investors secure financing without the need for traditional income documentation. A DSCR loan evaluates the property's rental income to determine eligibility, making it an excellent solution for investors who may not meet standard income verification requirements. This type of loan is ideal for borrowers looking to expand their rental portfolio, refinance existing investment properties, or purchase a new income-producing asset without relying on tax returns or pay stubs.
With a DSCR loan, the key factor lenders consider is whether the property's rental income is sufficient to cover the monthly mortgage payment. The Debt Service Coverage Ratio is calculated by dividing the gross rental income by the total mortgage payment, including principal, interest, taxes, and insurance. If the ratio meets or exceeds lender requirements (typically 1.0 or higher), the borrower may qualify for financing.
Not sure which loan option is right for you? As a Mortgage Broker, we take a single application and use it to pre-qualify you for a variety of loan types, ensuring you receive the best possible financing solution for your unique situation. With our ClearPath™ application system, you have full transparency and flexibility, allowing you to move forward with confidence.
Highlights
No personal income or employment verification required
Loan qualification based on rental income of the property
DSCR ratio typically must be 1.0 or higher to qualify
Available for single-family and multi-unit investment properties
Flexible loan terms
*Information provided is for educational purposes only and is subject to change. All loan programs, interest rates, down payment requirements, and terms are subject to credit approval, underwriting guidelines, investor requirements, and may change without notice. Not all applicants will qualify. Restrictions may apply, including but not limited to geographic limitations, property type, and occupancy requirements.