(314) 310-2832
Not every client fits into certain guidelines and require a more common-sense approach to financing an investment home. Many Self-Employed clients have complex tax returns and/or “write-offs” that could exclude them from qualifying for a traditional mortgage. Instead of providing mounds of paperwork and documentation, let our Portfolio Programs help you get approved.One such program for investment properties is a DSCR Mortgage.The Debt Service Coverage Ratio (or DSCR) is a credit metric used to calculate operating cash flow on a rental property.The rental income on the investment property must cover the monthly mortgage amount (P&I and taxes/Insurance) to qualify.No verification of employment or proof of income is required.Leave your tax returns and other income documents at home when you apply for your DSCR mortgage. MONTHLY RENTAL INCOME Debt Service Coverage Ratio = -------------------------------------------------------------- MONTHLY MORTGAGE PAYMENT (PITI)