DSCR Loan Programs in Roswell, GA

What is a DSCR (Debt Service Coverage Ratio) Loan?

DSCR loans play a critical role for real estate investors looking to start or expand a rental portfolio. Distinct from traditional mortgage lending, DSCR loans are specifically designed for investors focusing on a property’s rental income for approval in lieu of personal income, tax returns, and DTI (Debt to Income) calculations. This creates a straightforward pathway to evaluating eligibility for each individual property and sidesteps underwriting complications. DSCR loans can be implemented for turnkey purchases, BRRRR method, cash-out refinances, and rate and term refinances.

How is DSCR Calculated?

DSCR = Gross Rental Income ÷ Annual Debt Obligations

For example, presume a property brings in $50,000 in rent annually, and its total annual debt payments (mortgage, taxes, insurance, HOA) come out to $40,000. Divide the income by the expenses: DSCR = 50,000 ÷40,000 = 1.25

Silliman Private Lending is a dedicated capital provider for real estate professionals. Please feel free to contact us with your specific scenarios and we will be happy to put a customized solution together for you.

DSCR Program Overview

1-4 Units:

  • For Rentals Including Single-Family, Townhomes, Condos, and 2-4 Unit Properties.
  • 30-Year Fixed and 30yr Fixed with First 10yrs Interest-Only Options
  • Up to 80% LTV for Purchase and Rate & Term
  • Up to 75% LTV Cash-Outs
  • Short Term Rentals STR’s Qualify

Foreign National:

  • No Foreign or Domestic Credit Needed
  • Up to 75% LTV Purchase
  • Up to 65% LTV Cash Out/Rate and Term
  • Down Payment and Closing Costs Must Be In a US Based Account Prior to Closing
  • Assets and Reserves May Be in a Foreign Account (6 Months Reserves Needed)

5-9 Unit Apartment Buildings:

  • Loan Amounts $350,000 – $2,000.000
  • Up to 75% LTV Purchase
  • Up to 70% LTV Cash Out
  • Minimum Credit Score 680
  • 2 Vacant Units Allowed (Market Rents Used)

2-8 Unit Mixed Use:

  • Loan Amounts $400,000 – $2,000.000
  • Maximum 49% Commercial Square Footage
  • Minimum Credit Score 700
  • Up to 65% LTV Cash Out
  • Up to 75% LTV Purchase

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