DSCR Loan Pros: • DSCR loans often have faster application and closing times without the need to submit personal financing documents or tax returns. • There’s also more flexibility on the number of loans or properties, so scaling your business can be done more quickly if you can afford...
To qualify for an Oklahoma DSCR loan program, most lenders require a DSCR of 1.0 or above. However, Griffin Funding can accept a DSCR of less than 1.0 under certain circumstances. Keep in mind that the lower your DSCR, the more you’ll likely pay in interest and other fees. Additional ...
Lenders require that you meet a certain threshold to qualify for a DSCR loan program in South Carolina. At Griffin Funding, we offer DSCR loans to borrowers with a DSCR of less than 1. However, a good DSCR is typically above 1.00, and a higher number will help you get more competitive ...
- No income/Employment collected on the loan application - No W2s, Tax Returns, etc. - Qualifies off the rental income NOT borrower income Get Started A BETTER WAY IS HERE It’s All About Simplicity Tired of using multiple rate sheets to price your loan? Save time by expanding your NOO...
application for your clients. Combine high-tech solutions with your mortgage expertise. LoanMaps will increase your market share, provide you and your client upfront underwrites at application, and lower your costs using one technology vs 3+ and streamline departmental processes. LoanMAPS is a ...
Begin the application online or request a free quote today! Apply Now Other Types of Loans for Borrowers with Low DSCR If you’re not eligible for a DSCR loan because your DSCR isn’t high enough, there are other types of non-QM loans you can apply for through Griffin Funding. These in...
No owner-occupied properties allowed: DSCR loans are intended for investment properties, so the property you’re purchasing or refinancing must be used as an income-generating rental property. You cannot live in the property yourself under this loan program. ...
Idaho debt service coverage ratio loans arenon-QM loans, which means you don’t have to go through the typical mortgage application process to apply for a DSCR loan. When you apply for conventionalIdaho home loans, you have to get a credit check, disclose your assets, prove your income and...
What Is the Debt Service Coverage Ratio (DSCR)?What Are DSCR Loans?Pros, Cons, and Other ConsiderationsEngaging With DSCR LendersApplying for a DSCR LoanFrequently Asked Questions Qualify for a home loan without using your tax returns with a DSCR loan program. As a real estate investor, you ...
Throughout the loan application process, you’ll find that we’re focused on helping you find a solution that best suits your borrowing circumstances and move things along as quickly as possible. We have a streamlined process and rely on the latest technology to ensure our lending process is ...