Welcome To October!

Debt Service Coverage Ratio: No-Income Mortgage Loans

Griffin Funding offers DSCR (debt service coverage ratio) loans at a ratio as low as .75 to allow you to qualify on the cash flow of the property only, and we even have no-ratio DSCR loans where the DSCR isn’t taken into account for vacant properties that have yet to be rented out. Since the majority of real estate investors typically flip homes quickly or use rental income to repay the mortgages of their investment properties, these loans exclude investors from the rules of repayment that are typically required.  No tax returns or your personal income is required. We look at:  Credit score, rental income, appraisal (to ensure you have at least 20% equity), and verification it’s to be used as a rental property and not primary residence.

See an example of this type of loan in action HERE.

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Affordability Index, Median Home Price, Historical Appreciation, Forecasted Appreciation, and Much more!

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Recent Posts

Build a Cash Flow Positive Real Estate Portfolio with One Simple Loan

Griffin Funding offers Investment Property Loans, or DSCR loans. A DSCR loan is a type of non-QM loan for new or seasoned real estate investors. With this particular program, no income or tax return verification is required. You can easily qualify based on the property’s cash flow. As a real estate investor, you can avoid Read More…

Welcome To October!

HOME EQUITY HAS HIT A RECORD HIGH. As home prices continue their rapid rise, many Americans are sitting on a pile of equity in their homes.  Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic.  This marks an average gain Read More…

Welcome Jeff Schneider, New VP of Operations!

SAN DIEGO, CA, SEPTEMBER 22, 2021 – Griffin Funding, a San Diego-based mortgage company, is setting themselves up for even more success with a new VP of Operations Jeff Schneider. Schneider, who is a well seasoned leader in the mortgage industry, sees great potential in the Griffin Funding team. “We have a young and intelligent Read More…