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This loan option is the fastest growing in popularity. The rental property’s income generation is what is used to qualify, not the borrower’s income as an individual. So, as long as you credit qualify and your rentals are generating income, DSCR is something you should definitely consider.
They can be used for single family residences being used for rentals, student housing, short-term rentals, and even (with some lenders) on condotels!
If you’re an investor or are looking into becoming one, we should talk!
This loan option is the fastest growing in popularity. The rental property’s income generation is what is used to qualify, not the borrower’s income as an individual. So, as long as you credit qualify and your rentals are generating income, DSCR is something you should definitely consider.
They can be used for single family residences being used for rentals, student housing, short-term rentals, and even (with some lenders) on condotels!
If you’re an investor or are looking into becoming one, we should talk!