How do DSCR loans differ from conventional mortgages?

DSCR loans differ from conventional mortgages in several key ways: * **Qualification:** DSCR loans focus on property cash flow, while conventional mortgages heavily rely on the borrower's personal income and credit history[3]. * **Documentation:** DSCR loans typically require less documentation than conventional mortgages[3]. * **Down payment:** DSCR loans often require a higher down payment than conventional mortgages[3]. * **Interest rates:** DSCR loans generally have higher interest rates than conventional mortgages[3].