Debt Service Coverage Ratio (DSCR) Loan Program
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We Focus on Investors
At Novus Home Mortgage, we’re focused on the needs of real estate investors. Not only do we offer traditional full doc rental property financing, we also offer Debt Service Coverage Ratio (DSCR) loans which allow borrowers to qualify for a purchase or refinance using current or future rents on the subject property.
We offer loan amounts up to $1.5M for multi-unit properties, condos, townhomes, and single-family rental properties. Ratios as low as 1.00 are welcomed!
No Reporting on Personal Credit Necessary for an Investor DSCR Loan that Closes in an LLC
Get Pre-Approved / Fast, Simple Process
"*" indicates required fields
By clicking “Get Approved” or "Get Started" I am agreeing to receive phone calls, SMS (text messages) and emails from Novus Home Mortgage. Consent Terms of Service
Some Additional Highlights
- Ratios as low as 1.00 welcomed
- LTV up to 75%
- Loan Amounts up to $1.5M
- Purchase/rate & term/cash-out options available
- Fixed Rates available
- 680+ FICO scores
- Financing for multi-unit properties and condos as well as SFRs and Townhomes
- 4 Year Bankruptcy seasoning
- 4 Year Foreclosure, Short Sale, or other Housing Event seasoning
- Close & FUND on average in 3 weeks or less
- No Reporting on Personal Credit Necessary for an Investor DSCR Loan that Closes in an LLC
Terms and conditions apply. Please call us at (866) 671-2138 for a complimentary consultation.