No W2 Needed? Why DSCR Loans Are the Ultimate Investor Loan

No W2 Needed? Why DSCR Loans Are the Ultimate Investor Loan

Don’t have a W2 but still want to invest? DSCR loans may be exactly what you need. These investor loans help real estate investors, just like you, build their portfolios faster, EVEN if they don’t have full-time income or a perfect credit score. But if this rental property loan is so amazing, why isn’t everyone getting one? We’ve got Hannah Escher, licensed mortgage advisor, back on to explain.

A DSCR (debt service coverage ratio) loan is a non-conventional loan, meaning it isn’t the same type of mortgage you’d probably use to buy your primary residence. These loan requirements look at the property more than you as a buyer and want to ensure that the investment property you’re purchasing has the income to pay the mortgage. This is great news for those who fail to qualify for conventional financing but want to grow their real estate portfolio faster.

So, who can get one of these loans, and will a DSCR loan work for you? We’re giving you all the latest DSCR loan requirements and telling you EXACTLY what you need to know to snag this perfect rental property loan!

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Join BiggerPockets for FREE 👇
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Find an Investor-Friendly Agent in Your Area:
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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DSCR Loans: What Are They And How To Get The Best Terms:
https://www.biggerpockets.com/blog/dscr-loans-what-are-they?utm_source=youtube&utm_medium=description&utm_campaign=none
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DSCR Loans: Terms to Know When Working With These Popular Rental Loans:
https://www.biggerpockets.com/blog/dscr-loans-terms-to-know?utm_source=youtube&utm_medium=description&utm_campaign=none
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12 Frequently Asked Questions (And Answers) About DSCR Loans:
https://www.biggerpockets.com/blog/questions-and-answers-about-dscr-loans?utm_source=youtube&utm_medium=description&utm_campaign=none
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Watch Hannah’s Video on Conventional Loans:
https://youtu.be/MrFox0Z_PLI?si=001QPgqiAgc4nQaQ
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Connect with Hannah on BiggerPockets:
BiggerPockets: https://www.biggerpockets.com/users/hannahe16?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 DSCR Loans Explained
01:13 Debt Service Coverage Ratio
01:45 Down Payment and Credit Score
03:50 Who Should Use a DSCR Loan?
05:05 Your Rents REALLY Matter
06:15 DSCR Requirements Summary


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