What is a DSCR Loan

Benefits of DSCR Loans

Focus on Property Cash Flow: DSCR loans evaluate the property's ability to generate enough income to cover the debt payments, making them ideal for investors with multiple properties or complex financial situations.

No Personal Income Requirements: Unlike traditional loans, DSCR loans do not require verification of the borrower's personal income, focusing instead on the property's rental income.

Flexible Loan Terms: We offer flexible loan terms, including competitive interest rates and various repayment options, tailored to meet the needs of real estate investors

Ideal for Rental and Commercial Properties: DSCR loans are perfect for financing residential rental properties, multi-family units, and commercial real estate investments.

WHY CHOOSE US

What We Offer To You

Welcome to Las Vegas Mortgage, where we specialize in offering tailored financing solutions through our DSCR (Debt Service Coverage Ratio) Loan program. As a dedicated DSCR loan specialist, I am committed to helping real estate investors and property owners secure the funding they need to expand their portfolios and achieve their investment goals

Expertise in DSCR Loans

With extensive experience in DSCR loan programs, I understand the unique needs of real estate investors. DSCR loans focus on the property's income potential rather than the borrower's personal income, making them an ideal solution for investors looking to finance rental properties or commercial real estate.

Personalized Service

At Las Vegas Mortgage, we take the time to understand your investment goals and financial situation. Whether you're purchasing a new property or refinancing an existing one, I provide customized loan options that align with your objectives.

Seamless Process

Our DSCR loans offer a streamlined application process, focusing on the property's cash flow and income-generating potential. This approach simplifies the qualification process, making it easier for investors to secure the necessary financing.

Client-Centered Approach

Your success is our priority. We are dedicated to providing transparent, honest, and responsive service throughout the entire loan process, ensuring you have the support and information you need to make informed investment decisions.

Local Expertise

As a locally-based mortgage company, we have a deep understanding of the Las Vegas real estate market. Our insights and connections enable us to offer you valuable advice and assistance, whether you're buying a home in the city or the surrounding areas

Comprehensive Loan Options

We offer a wide range of mortgage products, including FHA, VA, conventional, and jumbo loans. This diverse selection allows us to tailor our offerings to meet your specific financial needs and goals, ensuring you get the most suitable loan product for your situation.

Mortgage Pre-Approval

Secure your financing before you start shopping. Our pre-approval process is quick and easy, giving you a clear understanding of your budget and making you a more attractive buyer. Start your journey with confidence!

House Shopping

Explore a wide range of properties that fit your needs and lifestyle. Whether you're looking for your first home, a vacation retreat, or an investment property, our team is here to guide you through the search and help you find the ideal match.

Loan Application

Complete your mortgage application with our streamlined and user-friendly process. Our experienced loan officers will assist you every step of the way, ensuring all your questions are answered and your application is processed smoothly. Let us help you make your homeownership dreams a reality!

WHAT’S THE BEST

Mortgage Programs

At Las Vegas Mortgage, we offer a variety of mortgage programs tailored to meet your unique financial situation and goals. Whether you're a first-time homebuyer, a seasoned investor, or somewhere in between, we have the perfect loan solution for you.

Specific Programs

FHA Loans: Ideal for those with lower credit scores or limited down payment funds.
Conventional Loans: Flexible options with competitive rates for a range of borrowers.
USDA Loans: Great for rural property buyers, offering zero down payment.
VA Loans: Exclusive benefits for veterans and active-duty military members.
DSCR Loans: Perfect for real estate investors focusing on cash flow properties.
Bank Statement Loans: Designed for self-employed borrowers who need to show income differently.
ITIN Loans: Accessible options for those without a Social Security number.
Foreign National Loans: Financing solutions for non-U.S. citizens.
Fix and Flip Loans: Short-term financing for property renovation and resale.
Cannabis Industry Loans: Tailored loan options for professionals in the cannabis sector.
1099 Loans: Options for independent contractors and freelancers with 1099 income.
Private Money Loans: Quick and flexible funding for unique situations or investments.

OUR TEAM

Our Staff Profiles

KeVIN SCHANDA

SENIOR MORTGAGE ADVISOR

NMLS 93971

JONATHAN FESSER

MORTGAGE ADIVSOR

NMLS 2225687

BONNIE CLOCKEL

MORTGAGE ADVISOR

NMLS 1906508

Frequently Asked Questions

What is a DSCR Home Loan?

A DSCR home loan is a type of mortgage designed for real estate investors. It is based on the Debt Service Coverage Ratio (DSCR), which measures a property's ability to generate enough income to cover its debt obligations. Unlike traditional loans, DSCR loans focus on the income potential of the property rather than the borrower's personal income. This makes them ideal for investors with rental or commercial properties.

How is the DSCR Calculated for a Loan?

The DSCR is calculated by dividing the net operating income (NOI) of the property by the total debt service (TDS), which includes the loan's principal and interest payments. The formula is:
DSCR = NOI / TDS. A DSCR of 1.0 means the property generates just enough income to cover its debt payments, while a DSCR above 1.0 indicates that the property generates more income than needed to cover the debt, making it a safer investment for lenders.

Who Can Benefit from a DSCR Loan?

DSCR loans are beneficial for real estate investors who own rental properties, multi-family units, or commercial properties. These loans are ideal for borrowers who may not have sufficient personal income documentation or who prefer to qualify based on the property's cash flow rather than personal income. They are also suitable for investors looking to expand their portfolios without impacting their personal credit.

Are There Specific Property Types Eligible for DSCR Loans?

DSCR loans are typically available for a wide range of property types, including single-family rental homes, multi-family properties, mixed-use buildings, commercial real estate, and even short-term rental properties. The eligibility criteria can vary depending on the lender and the specific loan program.

What Are the Key Advantages of a DSCR Loan?

The key advantages of a DSCR loan include:

Qualification Based on Property Income: DSCR loans focus on the property's income potential, making them accessible to investors with varying personal income levels.

No Personal Income Documentation Required: Borrowers do not need to provide personal income documentation, such as tax returns or pay stubs.

Flexible Loan Terms: DSCR loans often offer flexible terms, including competitive interest rates and various repayment options.

Ideal for Investment Properties: These loans are specifically designed for investment properties, allowing investors to grow their portfolios with tailored financing solutions.