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DSCR Loan Requirements and Qualifications
To get a DSCR loan, you will need to meet certain minimum qualifications, such as:
- DSCR of .75 or above
- Credit score of 620 or above
- 20% minimum down payment
- Must be purchasing an investment property
Reach out to Griffin Funding today to find out more about the benefits of DSCR loans and the application process for this type of financing.
DSCR Loan Rates
Many lenders will require borrowers to have a minimum DSCR of 1.25 to qualify for a DSCR mortgage loan. However, Griffin Funding allows real estate investors to qualify for a loan with a DSCR as low as .75. Please note that interest rates are better on DSCR ratios of 1 or above and that a DSCR ratio of less than 1 requires borrowers to have 12 months of reserves.