Loans use borrowed funds for various purposes such as large purchases, debt consolidation, emergency expenses, etc. Such loans are repaid in regular payment over a few months to a few years; one of these is the DSCR Loan Program.
It may take longer depending on your circumstances and your payment diligence. Much like USDA mortgages a DSCR loan also has more flexible qualification guidelines in property type and mortgage program areas.
Read on to discover more about the DSCR loan program, its benefits and drawbacks, and how to apply.
What Does The DSCR Loan Program Entail?
The DSCR, short for debt service coverage ratio, is a calculation that allows a borrower to qualify for a mortgage based on the cash flow.…Continue reading