The Debt Service Coverage Ratio loan (DSCR) is a nontraditional loan that does not require tax returns nor the verification of income to qualify for a mortgage. Instead, a property’s projected cash flow is used to determine loan eligibility. DSCR loans are an alternative to traditional Florida home loans designed specifically for real estate investors. Instead of qualifying based on proof of income, job history, and tax returns, you can qualify for a loan based on your debt service coverage ratio. This ratio shows the amount of rental income you have versus the annual debt you incur by purchasing a rental property. DSCR loans come with different terms and requirements because they are designed for real estate investors who want to invest in rental properties. DSCR loans cannot be used to purchase owner-occupied properties. If you want to invest in rental properties to supplement your income, DSCR loans might be the way to go.

To get pre-approved for a DSCR loan, please click the Get Approved button below. Still have some questions? Call your licensed Approved Mortgage Solutions mortgage broker at the phone number below or Contact Us and we’ll reach out to you.