DSCR Loans in Utah
Start or scale your real estate investment portfolio in Utah with a DSCR loan. DSCR loans in Utah 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 Utah
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 Utah
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 Utah .
Frequently Asked Questions
The DSCR you need to qualify for a DSCR business loan in Utah depends on the lender. Most lenders like to see a DSCR above 1. However, Griffin Funding accepts DSCRs as low as 0.75. However, lower DSCRs may have less favorable terms, such as higher interest rates and down payment requirements.
DSCR lenders in Utah typically have similar guidelines, but their processes are different. Not all DSCR loans have the exact same documentation requirements. However, in general, you can expect your lender to ask for the following documentation to determine whether you qualify for a DSCR loan in Utah and the loan amount:
- Credit authorization: Your Utah DSCR lender will send you a credit authorization document to sign that authorizes them to pull your credit report.
- Bank statements: Even though DSCR loans in Utah don’t emphasize personal income, lenders may still ask for bank statements to prove that you have reserves.
- Property insurance: DSCR loans require proof of property insurance to ensure the lender can recover their investment if the property is damaged or destroyed.
- Leases: Your lender will also ask for lease agreements to ensure your rental income will be enough to cover the cost of the loan. If a lease is not available, the appraiser’s comparable rent schedule will be used.
- Short-term rental history: If the property is a short-term rental, lenders may ask for recent booking information and receipts to prove the income of the property. In some cases, we are able to use Airbnb comparables to establish the average annual gross rental income.
- Business documents: Businesses taking out a DSCR business loan in Utah need to provide entity documents, such as Articles of Organization or Operating Agreement, if they wish to close as an LLC.
The types of properties you can purchase with a Utah DSCR business loan vary by lender. At Griffin Funding, you can invest in the following types of residential and commercial properties:
- Single- and multi-family homes
- 1-4 unit properties
These properties can only be used for business purposes only, meaning you can’t use them as your primary residence or for personal use.