Best Investment Rental Property Loans

Best Investment Rental Property Loans

Best Investment Rental Property Loans

Are You a Investor looking to purchase a new investment property or refinance your current investment property into long term financing?

You can use the Investment Property Rents to Qualify!

 

What is Debt Service Coverage Ratio (DSCR)?

The DSCR = Properties Current Rents / New PITI (principal, interest, taxes and insurance) monthly Payment. If your property is collecting rents that covers your current PITI Payment your property debt services aka your properties rents cover your total mortgage payment.

Example of DSCR Calculation: New P&I = $1,851.26 + 758.53 taxes + $147 insurance = $2,756.79 PITI | $3200 Current Rents/$2756.79 = 1.16 DSCR

Debt service coverage ratio (DSCR) is one of many financial ratios that lenders assess when considering a loan application. This ratio is especially important because the result gives some indication to the lender of whether you’ll be able to pay back the loan with interest. A ratio over 1 is good, and the higher the better.

The minimum DSCR a lender will demand depends on macroeconomic conditions. If the economy is growing, lenders may be more forgiving of lower qualifying ratios.

Here’s how to interpret your DSCR:

• DSCR < 1: You have negative cash flow. You don’t have enough rental income to service the debt (New PITI payment).
• DSCR = 1: You have exactly enough rental coming in to service the debt (New PITI payment), but you don’t have an additional cash cushion.
• DSCR > 1: You have positive cash flow. The higher your DSCR, the more income you have to service the debt (New PITI payment).

Highlights |Best Investment Rental Property Loans :

• No Tax Returns
• Employment not Required
• No Income Required
• No Debt to Income Ratio Calculated
• Cash Flow based on Subject Property rents | if property is vacant upon purchase market rents from the appraisal will be used to calculate DSCR
• SFR, Condo and 1-4 Unit
• Maximum Loan $2.5M | Purchase and R/T Refinance
• Maximum Loan $2M | Cash out Refinance
• Unlimited Financed Properties OK

 

Don’t let rising rate prevent you from acquiring more investment properties!

We also have solutions to access capital through a refinance with rate that will let your properties cash flow.

Contact me today for immediate attention to your scenario 

 

We also offer:

• Bank Statement Loans
• Hard Money Loans
• FHA Loans
• Doctor/Dentist/Vet Loans
• VA Loans

Call or email me for immediate attention to your scenario!

Valor Lending Group can fund your fast-hard money loan up to $10mm in as little as 7 days often without an appraisal.

Valor Lending Group also offers literally every loan in the book! Please do not hesitate to call or email me with any scenarios.  I look forward to an opportunity to demonstrate my prompt and professional service.

Recap of our Loan Products:

1. Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
2. Stated Income Loans (Great for business owners and self employed ) No tax returns!
3. 100% financing is available (we can cross collateralize other properties if there is enough equity)
4. Valor VA Home Loan 100% financing up to $1.5MM
5. Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
6. Flipper & Rehab Loans (Flip a property with one of our many options)
7. 2nd Position Loans up to $5mm
8. Raw Land & Lot Loans
9. Ground up Construction for spec homes, custom homes and commercial ground up.
10. Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
11. 5% down Jumbo’s with NO MI up to $2mm / 10% down up to $3mm
12. Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
13. Acreage Properties
14. Commercial Loans up to $500mm
15. 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
16. Foreign Nationals Loans (no social security or residency required)

We also offer:

1. Conventional Conforming Loans (under $510,400)
2. High Balance Conforming (from $510,400-$765,600)
3. Jumbo Loan Financing to $10 Million / Super low rates! / 10% down Jumbo to $3mm
4. FHA, USDA
5. Reverse mortgages up to $1 Million Value
6. Cash Out Refinancing

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Check out more of what we offer. Check out Valor’s Mortgage News to learn more!

 

**Rates and terms subject to change without notice