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A DSCR loan is an investment-property mortgage where qualification focuses primarily on the property's rental income rather than the borrower's traditional personal-income documentation.
DSCR stands for Debt Service Coverage Ratio.
A common calculation is:
Gross monthly rent ÷ monthly PITIA
A 1.00 ratio means gross rent equals the monthly PITIA. Griffin Funding
DSCR programs are designed to qualify eligible investment properties without relying on the borrower's traditional personal-income documentation such as W-2s, pay stubs and personal tax returns. Exact documentation varies by program and scenario. Griffin Funding
Many DSCR programs allow eligible borrowers to finance investment properties through qualifying LLC structures, subject to lender requirements. Griffin Funding
It depends on credit, DSCR, property type and the particular program. Across today's DSCR market, 20–25% is common, while some programs advertise lower down payments for highly qualified borrowers. Don't put an exact minimum on your site until we confirm your actual Loan Factory product matrix. Griffin Funding
No. DSCR loans are designed for non-owner-occupied investment properties.
Adam Kallanous
Cell: (630) 936-7810
email: adam.kallanous@loanfactory.com
Loan Officer
NMLS:#873117
License: IL
Company NMLS #320841. Go here for the Loan Factory, Inc MLNS consumer access page