What are the eligibility requirements for a DSCR loan?

While specific requirements vary by lender, common factors include: * **DSCR ratio:** Typically 1.25 or higher[2]. * **Credit score:** Minimum credit score requirements vary, but a higher score generally leads to better terms[5]. * **Down payment:** Often ranges from 20% to 30%[4]. * **Property type:** Must be an income-generating property[2]. * **Cash reserves:** Some lenders may require cash reserves to cover potential vacancies or unexpected expenses[2].