Debt service coverage- using rents to cover the payment

[Nicole Galchutt]

Just sharing in case it can help someone as these loan types are not as common. There are loans for investment properties that you can use debt-service to qualify with instead of income. So more or less if the property cash flows after the mortgage payment it should qualify- no income docs needed. Based on your credit score you can even do up to 85% LTV with no mortgage insurance. Rates are a bit higher but its still relatively low and great product for those that can't use income to qualify or have a DTI too high or just don't want to deal with income docs. Feel free to reach out if you have any questions!