DSCR Investment Purchase Mortgages

Financing Your Investment Property with DSCR Loans

At Contemporary Mortgage Services, we offer Debt Service Coverage Ratio (DSCR) mortgages designed for real estate investors. These loans focus on the property’s income potential, making it easier for investors to secure financing based on the cash flow of the investment rather than personal income.

What is a DSCR Investment Purchase Mortgage?

A DSCR investment purchase mortgage is a loan product that evaluates the income generated by an investment property to determine loan eligibility. Unlike traditional loans, DSCR loans focus on the property’s ability to cover its debt obligations, providing a streamlined path to financing for real estate investors.

Benefits of DSCR Mortgages

Choosing a DSCR mortgage offers several advantages:

• Focus on Property Income: Qualification is based on the property’s income, not your personal income, making it ideal for investors with multiple properties.
• Simplified Approval Process: Less paperwork and faster approval since the focus is on the property’s cash flow.
• No Income Verification: Traditional income documentation is not required, simplifying the application process.
• Flexible Terms: Choose from various loan terms and structures to suit your investment strategy.
• Potential for Higher Loan Amounts: The focus on property cash flow can allow for higher loan amounts compared to traditional loans.

Is a DSCR Mortgage Right for You?

A DSCR mortgage might be the right choice if you:

• Are a real estate investor looking to purchase or refinance investment properties.
• Prefer loan qualification based on property income rather than personal income.
• Have multiple investment properties or complex income sources.
• Want a streamlined, hassle-free approval process.
• Seek flexible loan terms tailored to investment needs.

How DSCR Mortgages Work

The Debt Service Coverage Ratio measures the property’s ability to cover its mortgage payments, calculated by dividing the property’s net operating income by its total debt service. A DSCR greater than 1 indicates that the property generates enough income to cover its debt obligations, which is favorable for loan approval.

Our DSCR Mortgage Options

At Contemporary Mortgage Services, we offer a range of DSCR mortgage options to fit your investment goals:

• Purchase Loans: Finance the acquisition of a new investment property based on its projected cash flow.
• Refinance Loans: Refinance existing investment properties to take advantage of better terms or to free up capital for additional investments.
• Cash-Out Refinance: Access equity in your investment property for further investments or other financial needs.
• Interest-Only Loans: Lower initial payments by only paying interest for a set period, maximizing cash flow.

The Application Process

Securing a DSCR investment purchase mortgage with Contemporary Mortgage Services is straightforward:

1. Consultation: Speak with one of our experienced Loan Originators to discuss your investment strategy and determine the best DSCR loan option for you.
2. Prequalification: Assess the property’s cash flow and get prequalified to understand your borrowing potential.
3. Application: Complete the mortgage application with the guidance of our team, ensuring all necessary property documentation is provided.
4. Approval: We’ll process your application, and once approved, lock in your loan terms.
5. Closing: Sign the final documents and begin leveraging your DSCR mortgage to grow your investment portfolio.

Why Choose Contemporary Mortgage Services?

At Contemporary Mortgage Services, we are dedicated to helping you achieve your real estate investment goals. Our extensive network of lenders and focus on customer satisfaction ensure you receive the best possible terms for your DSCR mortgage needs.

Contact Us Today

Ready to explore your DSCR mortgage options? Contact Contemporary Mortgage Services today and let our experienced Loan Originators guide you through the process. Discover how a DSCR investment purchase mortgage can help you maximize your real estate investments.

Call us at 407-834-3377 or fill out our online contact form to get started.