Industry-Leading DSCR Rental Loan Program
If you’re looking for a great way to maximize your profits and investment on a rental property, look no further than our long-term rental loan. Whether you're purchasing your first rental property or looking to expand your existing portfolio, our DSCR loan program can be tailored to fit your unique situation.
DSCR Rental Loans*
- Max LTV of 80% for Purchases and Rate and Term Refinances
- $100K – $2M Loan Amounts
- 1-4 Single-Family Homes, Condos, Townhomes
- 680+ Credit Score
- 1.0x Minimum DSCR
- Qualify Using Interest-Only Payments
- Short-Term Rentals Allowed
- Individual Rental Properties
- 30-Year Fixed Rate, ARMs, and Interest-Only
- LLC’s, Corporations, and LP’s Only
Need Landlord Insurance for Your Rental Property?
*Rates, terms and conditions offered apply only to qualified borrowers in accordance with our guidelines at the time of application, property factors and geography and are subject to change at any time without notice. This is a non-binding expression of interest and does not create any legally binding commitment or obligation on the part of Temple View Capital Funding, LP or its affiliates and are subject to our credit, legal and investment approval process. Rates and terms are as of 4/22/2024.
What is a DSCR Rental Loan?
A DSCR (debt service coverage ratio) loan is a long-term rental loan that real estate investors use to purchase or refinance rental properties. Essentially, to qualify for this loan, the expected cash flow of the property (or net operating income) must exceed or cover the mortgage payments (or debt service). With Temple View Capital, you can use these loans to purchase or refinance rental properties, such as 1-4 single-family homes, townhomes and condos. You also get to choose from new purchases, refinance or cash-out options, as well as 30-year fixed, ARMs, or interest-only products. If you have an opportunity to generate income from a potential rental property, find out how Temple View Capital can help you get a DSCR Rental Loan so that you can create that new income stream.
Advantages of Our Rental Loans
Our programs are tailored to your project, experience and unique requirements. Apply now for a quick assessment.
- Long-Term Financing on Short-Term Rentals
- Qualify With Property Income (DSCR)
- Delayed Purchase Financing
- Single Properties or Portfolios. Refinance or Purchase.
- Purchase, Rate & Term or Cash Out
- Qualify at 125% of Appraisal Market Rent Or Lease Income for Leased Properties
- 30 Day Rental Loan Lock Guarantee
- Nationwide Lending
FAQs
Rental loans are qualified based on considered requirements such as, credit score, loan-to-value (LTV) ratio, and debt service coverage ratio.
The repayment schedule is based on specific terms of a borrower's loan, such as monthly payment, interest rate and due dates.
The repayment schedule is based on specific terms of a borrower's loan, such as monthly payment, interest rate and due dates.
To be eligible for a rental loan, the property must fall into one of the following categories: 1-4 Single-Family Home, Condo, or Townhome. Moreover, the property needs to exhibit positive cash flow, be designated for residential use (boarding houses are not accepted), and must be in good condition, rated as C4 or better.
The only additional cost associated with a rental loan is the appraisal fee paid by the borrower.
Yes, the qualification for short-term rentals is based on the 12-month ledger from VRBO/Airbnb.
The rental property must be in a livable and rentable condition; therefore, no renovations are allowed.
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