DSCR Mortgage

Unleashing Investment Potential With DSCR Mortgages

Empowering Investors to Leverage Property Cash Flow for Maximum Returns

640

Minimum Credit Score

Not Calculated

Maximum Debt To Income

80%

Maximum Loan To Value

$15M

Maximum Loan Amount

With 1 Application,130 Mortgage Lenders Will Compete For Your Business

Unlock unparalleled opportunities with a single application. Dive into a competitive marketplace where 130 top-tier mortgage lenders vie to offer you the best terms, ensuring you get the deal you deserve. It’s not just about choice; it’s about empowering you with the best options available.

🔒Does not Affect Credit. No SSN until you’re ready.

DSCR Mortgage Program

The DSCR (Debt Service Coverage Ratio) Mortgage Program is a specialized financing solution offered by Innovative Mortgage, designed specifically for investment or non-owner-occupied properties intended for business purposes only. This program is ideal for experienced real estate investors who are looking to purchase or refinance rental properties based on the property’s cash flow rather than personal income.

Key Features:

Loan Purpose: Non-owner occupied, available for both purchase and refinance loans.
Minimum Loan Amount: $100,000 with varying maximum amounts based on property type and number of units.
Loan-to-Value (LTV): Generous LTV limits with specific terms depending on the loan amount requested.
Investor Requirement: Borrowers must have a history of owning and managing commercial or residential real estate for at least 12 months within the last 3 years.
DSCR Calculation: The program qualifies transactions based solely on cash flow from the subject property. The DSCR ratio is determined by dividing the property’s gross rental income by the total debt service including current obligations.
Credit Score: Minimum credit score requirements apply.
Property Restrictions: Urban-centered properties preferred, with a maximum of 2-acres for rural properties.
Manual Underwriting: All loans are underwritten manually, ensuring a personalized assessment.
No Employment or Income Reporting: Employment and income are not required on the loan application.
Prepayment Penalties: Prepayment penalties are required on DSCR transactions, with certain conditions.

Documentation Requirements:

A complete application including borrower and property details.
Business Purpose & Occupancy Affidavit signed by all borrowers.
1-4 Family Rider/Assignment of Rents form.

For detailed program guidelines and to see the DSCR matrix for maximum loan amounts and LTVs, please contact Innovative Mortgage. Our team is committed to guiding you through every step of the investment loan process and ensuring that you get financing tailored to your investment strategy.

Interested in leveraging the cash flow of your rental properties? Reach out to Innovative Mortgage for a customized DSCR Mortgage solution!

Pros of DSCR Mortgages

No Personal Income Verification

Loan approval is based on property cash flow, not your personal income.

Easier Underwriting

Simplified underwriting process makes it easier for investors to qualify.

Refinance Opportunities

Great for refinancing properties to extract equity and reinvest.

Cons of DSCR Mortgages

Higher Interest Rates

DSCR mortgages often have higher interest rates than conventional mortgages.

Property Must Cash Flow

If the property doesn't generate enough income to cover the mortgage, you may not qualify.

Key Issues That Will Get Early Attention

Assess Property Cash Flow

We'll thoroughly analyze the property's cash flow to determine loan eligibility.

Understand Interest Rates

We'll ensure you fully comprehend the cost implications of higher interest rates.

Review Loan Structure

We'll review the loan structure to ensure it aligns with your investment strategy.

Explore Other Options

If DSCR isn't right for you, we'll explore other mortgage options that better fit your needs.

We're Simply Better and Not Just on Price...

We Have More Lenders and More Loan Programs

Diverse Choices, Tailored for You: With a vast array of lenders and loan programs, we ensure a perfect fit for your unique financial needs.

Our Loyalty is To YOU not the lender

Your Interests, Our Priority: Our commitment is to you, not the lenders, ensuring unbiased and dedicated support throughout your mortgage journey.

Non QM, Convert to Cash and Flexible Funding Options Available

Flexible, Innovative Financing: Explore Non-QM loans, easy cash conversion options, and flexible funding solutions tailored for your financial freedom.

🔒No Credit Pull, No Obligation.

Compare For Yourself

Explore the difference that sets us apart in the financial world. See how our innovative services and unmatched benefits distinguish us from the competition, ensuring you make an informed choice.

Lightning Loans

Local Bank Branch

Big Name Online Lenders

Shops Hundreds of Lenders

Scans Thousands of Programs To Find You The Best Available

Is Loyal to Borrowers and Not Lenders

Has Multiple No Tax Return Mortgage Options

Can Show You Conventional and Non QM Options

Multiple 100% Financing Options for First Time Home Buyers

Can Do Hard Money, Bridge Financing and Other Unique Funding Types

🔒No Credit Pull, No Obligation.

You need a tenacious loan officer who has obsessively over-prepared and knows every single trick in the book to secure the ideal mortgage for your unique situation

And that is exactly what you'll find when working with me…

Read What Our Happy Clients Have to Say

Don't Wait, Secure Your Perfect Mortgage Today

"Andres is dependable, reliable and productive to the highest degree. His services will be required by our company in the future, and unequivocally we will be contracting him."

"A true example of a multitasking 24/7 powerhouse with no deal is too small attitude coupled with creative thinking and always open mind!!!"

"Lightning Loans made the mortgage process so easy and stress-free. Their team is knowledgeable and dedicated to providing tailored solutions for each client. I highly recommend them." -

1. Unparalleled Access to Mortgage Options With a Single Application

With a single application, we’ll comparison shop thousands of loan programs across hundreds of lenders.

This includes conventional loans at 130 different sources, FHA loans at 130 different sources, and even bank statement or no tax return options. If a mortgage product exists, we have access to it.

No more wondering if you’re getting the best deal – we’ll make sure of it.

2. Expert Guidance and Outstanding Communication

With over two decades of experience working with clients, I’ve developed a keen sense of what my clients need and when they need it.

It’s almost like having a psychic connection!

I pride myself on putting my clients first and providing outstanding communication throughout the entire mortgage process.

3. A Faster, Easier Path to Perfect Mortgage Loans For Your Specific Situation

Say goodbye to the headaches and hassles of traditional mortgage processes.

With Lightning Loans, you’ll enjoy a streamlined, efficient journey that gets you to your goals faster and with less stress.

You’ve got enough to worry about, let us put your mind at ease with regard to your mortgage financing.

We only request the things that are absolutely necessary

4. The Peace of Mind Knowing You've Made the Right Choice Because You've Seen ALL Your Options

When you work with Lightning Loans, you’re not just getting a mortgage –

You’re getting a partner who is committed to your success.

We’ll go above and beyond to ensure that you’ve made the best possible choice for your unique situation.

These might just seem like words on a page but one conversation with us and it will be abudantly clear to we walk our talk.

Experts at your service.

Meet the experts committed to providing you with exceptional financial solutions

Andres Garcia

Loan Officer

Dedicated, high energy real estate expert that is adept at working with investors and traditional borrowers.

Your Contact

Andrew Kashella

Senior Vice President

Mortgage Industry veteran responsible for thousands of loan originations and billions in closings.

Bryan P. Ehrlich

CEO/General Counsel

Founder, Juris Doctor and Lead Counsel for Innovative Mortgage Services.