A DSCR (Debt Service Coverage Ratio) loan is designed for real estate investors who want to finance properties based on the income they generate rather than their personal credit scores. The DSCR measures how much income a property generates compared to the debt payments needed to maintain the loan. If you’re looking for financing options a DSCR loan may be a good choice.

Is it hard to get a DSCR loan? It depends on the property’s income potential and how it compares to the loan’s monthly payments. Lenders typically focus more on the property’s cash flow than on personal credit history. The higher the property’s income, the easier it is to qualify for the loan.

How much do you need down for a DSCR loan? Generally, you may need a down payment ranging from 15% to 25%, depending on the loan terms and the property.

If you’re in the New Orleans area or surrounding regions such as Destrehan, Terrytown or Kenner contact me today at (504) 258-4332. Whether you’re looking for home loans in Belle Chasse, home equity loans in Louisiana or a mortgage broker for first-time homebuyers, I can guide you through the process. I specialize in FHA, VA, conventional and jumbo loans including refinancing and loans for real estate investors. Let me help you with your home loan needs!