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DSCR Loans
How long does it take to get approved for a DSCR loan?
DSCR loans often have a faster approval process than conventional mortgages due to the streamlined documentation requirements. However, the exact timeline can vary depending on the lender and the complexity of the transaction[14].
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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...