Use our DSCR calculator to estimate your debt service coverage ratio. Calculate your DSCR and expand your investment portfolio with a DSCR loan.
At Griffin Funding, we offer highly competitive DSCR loan rates in North Carolina for qualified borrowers. Do NC DSCR Loans Require a Down Payment? To qualify for a DSCR loan, you must have 20 percent of the total loan value for a down payment. Some lenders require a higher down payment ...
“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. What is the appeal of a DSCR loan? One o...
DSCR Threshold has the meaning set forth in the Mortgage Loan Agreement. Sample 1 Based on 1 documents SaveCopy DSCR Threshold means with respect to any date on which the DSCR is measured (i) if the weighted average daily Carrying Costs during the related Interest Accrual Period is less than...
(15) days following Lender’s receipt of the covenant certificate, Borrower shall pay down the outstanding principal balance of the Loan in accordance with Section 2.3 of this Agreement, in an amount such that the Minimum DSCR 36942122.8 Requirement would have been satisfied for the applicable ...
DSCR No-Income Mortgage Loan Rates Griffin Funding offers both fixed and adjustable-rate DSCR mortgages with noballoon payments. DSCR fixed rates are offered on 40-year, 30-year, and 15-year terms. DSCR adjustable rates are provided on 10-year, 7-year, 5-year, 1-year, and 6-month adjus...
loan and make monthly payments. When you apply for a DSCR loan with Griffin Funding, you’ll also be required to make a down payment, which can be as low as 20% in some cases. A minimum credit score is required.Keep in mind that the lower your DSCR, the better your DSCR loan ...