Single Property Rentals
Reliable funding source to purchase or refinance non-owner occupied rental properties with 1-4 units
A DSCR (Debt Service Coverage Ratio) Residential Rental Loan is a type of loan that is specifically designed for real estate investors who own residential rental properties. The loan amount is based on the cash flow of the property, rather than the borrower's personal income or credit history.
The debt service coverage ratio is a metric used by lenders to assess the ability of the property to generate enough cash flow to cover the monthly mortgage payments.
Coast to Coast Financial, as a private residential lending company, offers DSCR Residential Rental Loans to real estate investors who own residential rental properties. Our lending solutions are designed to help borrowers achieve their real estate investment goals quickly and efficiently.
Our DSCR Residential Rental Loans provide competitive rates, flexible terms, and quick closing times. We understand that every borrower has unique financial needs and goals, and our lending solutions are tailored to meet those needs. If you own a residential rental property and need financing, contact us today to learn more about our DSCR Residential Rental Loans and how we can help you achieve your investment goals.
We look forward to working with you!
Single Property Rental Private Lending
- Single Family/2-4 Unit/Townhomes/PUD/ Warrantable Condos
- Loan Amounts $75,000 - $2,000,000
- 30-Year Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
- Full Recourse Only
- Term Length: 30 Years
- If Owned less than 3 months: 80% of Total Cost Basis If Owned between 3 and 6 months: additional 5% haircut on Max Eligible LTV
- Purchase/Rate-Term Refinance: 80% Cashout Refinance: 75%
- 1.10x (Gross Rent/PITIA)
- Mid-Score of 660
- Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent Unleased Units: 90% of Market Rent (Purchase Loans only)
Smart Private Borrowing For Real Estate Investors
Quick and easy
Our underwriting process is designed to be streamlined and straightforward, with a focus on efficiency and minimal paperwork. We prioritize common-sense approaches to ensure a smooth and hassle-free experience for our clients.
Borrower-friendly loan options
Fixed rate and hybrid ARMs, up to 10-year IO periods, easy step down prepayment penalty options.
Flexible rates and terms
Common-sense underwriting and support services from our team of experts. We operate in all US States except CA, AZ, OR, ID, NV, OR, NE, MI, VA, NY,NJ, MN, ND, SD, VT & UT