What is the DSCR？
DSCR (Debt Service Coverage Ratio) Program.
This is the easiest program among all of the Non-QM programs. Investment Properties Only.
Income/Employment Status/Tax Return are not required.
DSCR Program Highlights
♦ 30 Years Fixed
♦ Rental Income Qualify
♦ Foreign National Allowed
♦ First Time Investor Acceptable
♦ Allow to Close Under LLC
♦ Gift Funds Allowed
♦ Appraisal Transfer Acceptable
♦ Short Term Rental Eligible
♦ ITIN (Min DSCR 1.0)
Please call for price:
• FICO 620-659
• Mortgage late payment
• Short term rental
• Loan amt >$2.0 million
• Foreign National LTV>70% or ITIN>75%
• Rural Property
Benefits of DSCR
No ratio DSCR is a loan product that does not verify or require the borrower's income because it does not involve the calculation of DTI (Debt-To-Income Ratio). Importantly, the minimum DSCR (Debt Service Coverage Ratio) can be as low as 0. Even if the rental income is low, we can still do it! This is a good choice for borrowers with low income or more liabilities.This makes it a viable option even for those with low rental income, making it a good choice for borrowers with lower income or higher liabilities.
In addition, this program is also open to Foreign Nationals, especially those with F1 visas. If you're a foreign national and unable to qualify for a conventional mortgage loan, please contact us to discuss your loan scenario.
If you have any questions about DSCR program,
Please email to hello@aaalendings.com or call us: 1 (877) 789-8816.
