What Is a DSCR Loan?

Yes — many buyers are surprised to learn that homeownership may still be possible with a 580 credit score.FHA financing typically allows for credit scores starting at 580 with as little as 3.5% down. There are also some lenders and alternative loan programs that may go down to a 500 credit score dep...

Absolutely.There are many mortgage options available today for self-employed borrowers, business owners, entrepreneurs, and independent contractors.Traditional mortgage programs may use:1 or 2 years of tax returnsW-2spaystubsHowever, there are also alternative documentation programs available, inclu...

DSCR stands for Debt Service Coverage Ratio.A DSCR loan is commonly used by real estate investors to qualify for financing based on the property’s income potential rather than their personal income.Instead of using tax returns or employment income, lenders evaluate whether the property’s market rent...

Yes.Many investors refinance their short-term fix-and-flip loan into a long-term DSCR or rental property loan once renovations are complete.The most common strategy is refinancing into a 30-year fixed DSCR loan based on the property’s market rental income.This allows investors to:lower monthly payme...

Yes — financing options are available for non-warrantable condos.A non-warrantable condo simply means the condominium project does not meet standard conventional financing guidelines. This can happen for many reasons, including:investor concentrationlitigationinadequate reservescommercial space rati...

Yes.Many lenders now allow short-term rental income, including Airbnb and vacation rental income, to help qualify for mortgage financing.Some DSCR lenders use projected short-term rental income reports, while others may use existing lease history, tax returns, or bank statements depending on the pro...

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In today’s uncertain financial climate, qualifying for a home loan involves more than a good credit score. Lenders are placing increased emphasis on mortgage stress tests—a key evaluation to ensure borrowers can handle rising interest rates. At Amethyst Mortgage LLC, your trusted mortgage broker in...