• Debt Service Coverage Ratio Mortgages (DSCR) are for rental homes
• Employment income doesn’t matter
• Debt-to-income ratio (DTI) doesn’t matter
• Income qualify using only the subject property’s rent, including:
  • Long Term Rent (leased)
    
  • Short Term Rent (Airbnb, Vrbo and more)
• Loan Types include:
  • Home Purchase
  • Rate/Term Refinance (lower rate and payment, get better mortgage terms, refi hard money loans and more)
  • Cash Out Refinance (debt consolidation, recoup renovation expenses, business loans and more)

Does rent cover payment (or close)? Then you probably have options!

DSCR Mortgages allow you to purchase or refinance rental homes without employment info. Other than the cash flow from the rental, lenders don’t ask about income. If you want to purchase an investment home or do a cash-out refinance—without debt-to-income calculations—these loans are great options that don’t require tax returns or personal income. You can even use a DSCR mortgage after you purchase using all cash.

Want or have short-term rentals like Airbnb? Have long-term rentals and looking to buy more? Need cash to remodel or pay off credit cards used for renovations? Even improve your monthly cash-flow. Rental income mortgages like DSCR loans could be your answer!

• Debt-to-income doesn’t matter
• Purchase rental homes with as little as 20% down
• Cash out refinances up to 75% of home value
• Interest-only options available
• 30 & 15 year fixed rate options
• No balloons and not hard money
• Loan amounts up to $3.5M+
• Title and mortgage can be in LLC name

Choosing me as your broker gives you access to the best lenders. Don’t limit your choices to only 1 or 2 companies. With Nile Mortgage, get more lender options to be sure you’re getting the best for you. Isn’t that what you’re looking for? I’ve already done the shopping for you. Rates, programs, turn-times. Done, done, and done. Why aren’t rates posted on my website? Because I don’t believe in teaser rates. Let’s find your best mortgage. The best combination of rate and program for you. That’s my job and about 5 minutes is all we need. Call or submit a contact request and let’s get started!