Need info on DSCR loan

[Richy George]

Hi, I'm looking to buy my 3rd STR property and looking at loan options.

i would be interested in learning about and discussing DSCR loan options.

please reach out if you are able to help.

Thanks, Richy.

[Jay Hurst]

Quote from @Richy George:

Hi, I'm looking to buy my 3rd STR property and looking at loan options.

i would be interested in learning about and discussing DSCR loan options.

please reach out if you are able to help.

Thanks, Richy.

DSCR loan options simply use the rental income from the subject property as compared to your tax returns/paytsubs etc. So, if the rent covers the PITI then you are good for the qualification (and some programs we have will actually allow your PITI to be higher then your rent, but of course with a higher rate.) The rent on most DSCR program is determined by the 1007 market rent schedule in the appraisal. or, if you have STR rental experience , we have options that will allow you to use the airdna.com STR income for a particular address. This often helps the rent number as compared to the 1007 which is often closer a traditional 12 month lease. Love to discuss more details if you have any questions.