Investment Property Loans At Valor Lending Group are an Excellent Choice for the many IP Opportunities, Nationwide!
Valor Investment Property Loans allow individuals to qualify based strictly on their credit score and debt service cover ratio. No Debt To Income Ratio, Employment Verification, or Tax Returns!
DSCR loans are ideal for investors, business owners, or commission based who cannot disclose certain incomes to qualify their debt-to-income ratio. Also great for individuals that have not been in their current industry for more than two years.
“Action is the Fundamental key to all Success”-Pablo Picasso
Learn What a DSCR Investment Property Loan Is
DSCR Investment Property Loans is a type of financing to purchase or refinance an investment property that currently or potentially has cash flows that produce enough rent to completely cover their principal, interest, taxes, and insurance payment. The DSCR calculation is the property’s current or future rent divided by the new PITI monthly payment. The loan may be conditionally approved if your property produces a cash flow of over .75 percent.
Another Key Point, the Approval process is subject to other qualifying conditions*
As an 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
A ratio of over .75% will be needed to qualify for the loan. The higher the ratio, lower your rate will be. the rate will be.
The minimum a DSCR, a lender, will demand depends on macroeconomic conditions. If the economy grows, lenders may be more forgiving of lower qualifying ratios.
Here’s how to interpret your DSCR Investment Property Loan:
- DSCR < 1: You have negative cash flow, therefor, You don’t have enough rental income to service the debt (New PITI payment).
- DSCR = 1: You may have enough rental income to service the debt (New PITI payment), you don’t have enough emergency cash reserve.
- DSCR > 1: You have positive cash flow. The higher your DSCR, the more income you have to service the debt (New PITI payment).
Highlights of a DSCR Investor Cash Flow Loans
- No Tax Returns Required
- Employment not Required
- No Income Required
- No Disclosures required or Required Wait Periods
- Loan Amounts Up to 2.5 million
- First Time Investor OK
- No Income / No Employment / No DTI Required
- Gifts & Business Funds Allowed
- Minimum FICO 620
- 40 Year Interest – Only Option
- Cash Out Up to 750k
- Up to 85 percent LTV – No Mortgage Insurance Required
- LLC & Corporations Allowed
- No Ratio Option Available (No Rental Agreement)
Valor Lending Group
We take pride in our lending services. David Christie is your loan officer for all mortgage and loan needs. Call or Email today!
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Recap of our Loan Products
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- 100% financing is available (we can cross collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes, and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 10% down Jumbo’s up to $1.5mm
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
Other Programs we Offer:
- Conventional Conforming Loans
- High Balance Conforming
- Jumbo Loan Financing |10% down Jumbo to $1.5mm
- FHA, USDA
- Reverse mortgages up to $1 Million Value
- Cash Out Refinancing
We look forward to the opportunity to serve you!
