Episode Details
Back to EpisodesWhat is DSCR? | How To Qualify For DSCR Loan With NO Income, NO W2, NO Tax Returns | 2023 Home Loans
Description
Ever heard of a DSCR Loan? This loan is perfect for scaling your investment portfolio!
Hey everybody! Today I am joined by, Brandon Ochinero, from Renovo Financial, as we cover a DSCR loan and offer a complete break down for real estate investors.
If you've found a great rental property but lack traditional income documentation, the DSCR Loan is perfect for you! It assesses if your property's gross income covers its expenses like principles and interest, ensuring profitability.
Different from traditional loans, DSCR Loans focus on the asset and prioritize credit score, offering more lenient underwriting. Discover how DSCR Loans complement the BRRR method, where you can leverage their fix-and-flip product for remodeling and seamlessly transfer it to a DSCR Loan.
No W2 forms, tax returns, or proof of income are needed for this type of loan! You can qualify as long as you have a good credit score and bank statements showing liquidity!
We cover it all from the timeline on DSCR loans, the downsides, and the prepayment penalties! You don’t want to miss out on the opportunity of learning about this type of loan I wish I knew about it sooner!
Reach out to Brandon Ochinero from Renovo Financial to explore how DSCR Loans can help you grow your real estate investment portfolio.