On this episode, Caeli Ridge breaks down how to buy a rental property using a DSCR loan — a type of financing where the lender doesn’t care about your personal income.
- No tax returns.
- No pay stubs.
- No bank statements.
Instead, the loan is based on the income the property will generate. Caeli walks us through real examples of what kind of purchase price and rent numbers make a deal work, how lenders determine expected rent, and what kind of down payment you'll need. We also cover:
- The types of properties that qualify
- How DSCR loan rates compare to traditional financing
- Prepayment penalties to watch out for
- Whether cash-out refis are possible with this loan type
Contact Caeli:1-855-747-4343info@ridgelendinggroup.com
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