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DSCR Loans
Can I get a DSCR loan with existing debt?
Yes, you can typically get a DSCR loan with existing debt, as the qualification primarily focuses on the property's income. However, lenders may consider your overall debt levels and creditworthiness when evaluating your application[8].
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Related Questions
What is a DSCR loan?
A DSCR loan, or Debt Service Coverage Ratio loan, is a type of mortgage designed for real estate investors. Unlike tradi...
How is the DSCR calculated?
The DSCR is calculated by dividing the property's net operating income (NOI) by its annual debt service (total principal...
What is a good DSCR ratio?
Lenders typically prefer a DSCR of 1.25 or higher, indicating the property generates 25% more income than needed for deb...