Which is the Right Choice?

Not all rental property investors will need or even want a No ratio DSCR loan. However, for some, this may be the only way they can invest in the property they plan to buy and reposition it or bring it up to a performing level that will qualify for even better terms on long-term real estate financing. It's a simple financing option allowing you to use the value of the property instead of the DSCR to get the loan you need.

With a No DSCR loan, you won't need all the typical documentation, either. No W2s, no tax returns, no 4506s and the credit standards are often lower compared to DSCR loans. This type of loan can be used for vacation rentals, single-family homes, multifamily properties, apartment buildings, and more.

There are a few requirements you will need to meet, such PITI cash reserves. The No DSCR loan program is much easier to qualify for compared to a DSCR loan program and may be especially attractive for those with hard to prove income and properties that need updating or lack a track record of delivering income.

Whether you're investing in your first income property, or you've been investing for years, leveraging the No DSCR loan program may be the right choice for you. You can close within three weeks and add new acquisitions to your portfolio without all the hassle.