The minimum down payment for a DSCR loan in Texas can vary based on the lender and specific terms of the loan. DSCR loans may offer flexibility in down payment requirements. However, the typical down payment requirement is 20% of the purchase price of the property. ...
“What is so great about our DSCR product is that it offers no minimum DSCR, with some restrictions,” Bordenet says. “Most lenders require a minimum DSCR of 1.0. JMAC’s DSCR has no ratio as long as the loan amount is $150 or greater. ...
DSCR loans can serve as a great tool for real estate investors who are looking for a no-income verification mortgage loan. Below, we go into more detail about what a DSCR mortgage is, how it works, and how you can qualify for this type of financing. ...
To qualify for a DSCR loan, each lender will have different requirements which will include a minimum credit score, a minimum down payment, a DSCR of over 1.2, a positive cash flow, and a minimum property value. Bear in mind that the down payment is often between 20% and 25% on DSCR...