Debit Service Coverage Ratio Loan is based on the cash flow of a rental property and the loan payment. No tax or personal documents needed. Much easier to qualify for than traditional mortgage,
The debt service coverage ratio is calculated by taking rental revenue and dividing it by the cost an owner has to pay for a property. Costs include the principle and interest of the loan, property taxes, insurance and HOA if applicable.
Some lenders require a ratio over 1.0 which means that the rental income is greater than the debt obligations. However we can offer ratios as low as 0.75. That means that the rental income can be as low as just 75% of the debt obligation.
This lets you grow your portfolio much faster.