DSCR Loans in Minnesota
Start or scale your real estate investment portfolio in Minnesota with a DSCR loan. DSCR loans in Minnesota enable investors to qualify for a mortgage using rental income rather than personal income. No tax returns or employment verification required.
- Obtain financing based on cash flow
- No-income mortgage solution
- Buy or refinance short- and long-term rentals
- Unlimited cash-out
- Competitive DSCR loan rates in Minnesota
Outstanding Client Experience
Specialized Lending Solutions
Direct-to-Consumer Advantage
We're Advisors, NOT Salespeople
Effortless Digital Mortgage PlatformTable of Contents
Featured In:
Real Estate Investment Financing in Minnesota
Debt service coverage ratio (DSCR) loans allow real estate investors to qualify for a mortgage based on a property’s cash flow rather than personal income. Instead of reviewing tax returns or pay stubs, we prioritize a property’s DSCR — which measures its income versus its debt obligations — to make a lending decision. This offers a flexible mortgage solution for real estate investors looking to build or expand their portfolio.
DSCR loans can be used to purchase or refinance long-term and short-term rental properties, with financing available for many different property types and no limit on the number of properties financed. Access up to $20 million in financing while enjoying a streamlined underwriting process with no income or employment verification.
Visit our DSCR loan page to learn more about this type of financing and see today’s rates. Contact Griffin Funding or get started online to take the first step towards securing a DSCR loan in Minnesota.
Frequently Asked Questions
The minimum DSCR needed for a DSCR business loan in Minnesota varies by lender. Griffin Funding accepts DSCRs as low as 0.75. However, you’ll need to have at least six months of reserves. In addition, a lower DSCR may translate to higher interest rates.
The documents you need to apply for a DSCR business loan can vary by lender. If you want to streamline the application process, you can contact your lender ahead of time to get a checklist of the types of documentation required. In general, you should prepare the following:
- Business formation documents: If you plan to close as an LLC, you should prepare articles of organization, operating agreement, EIN letter from IRS, and certificate of good standing.
- Property financial documents: DSCR loans rely on the property’s income, so you’ll need to provide documentation demonstrating that it can generate enough rental income to repay the mortgage, such as lease agreements and a comparable rent schedule from an appraisal.
- Proof of reserves: Typically, you’ll need at least a few months of reserves to be eligible for the loan. You can provide proof of reserves in the form of bank statements, investment account statements, and other liquid assets.
Real estate investors can purchase the following property types using a DSCR business loan in Minnesota:
- Single- and multi-family homes
- 1-4 unit properties