DSCR Loans

Empowering Michigan’s real estate investors with tailored DSCR financing solutions on 1-4 family properties.  For Multi-family loans, click here.

Up to 85% Loan to Value on purchases and 75% Loan to Value on cash out with three months of seasoning. 

DSCR, or Debt Service Coverage Ratio loans, are specialized financing solutions designed to evaluate a property’s cash flow rather than a borrower’s personal income.

• Purpose: Ideal for real estate investors, DSCR loans focus on the rental income potential of the property in question.
• Benefits: With DSCR loans from Boathouse, enjoy no personal income verification, flexibility in terms, and financing that understands your investment strategy.

Why Michigan Investors Choose Boathouse’s DSCR Loans:

• Local Expertise: With years of experience in Michigan’s dynamic real estate market, Boathouse offers unparalleled local insights and expertise.
• Flexible Terms: Our DSCR loans are crafted to suit the unique needs of every investor, ensuring maximum financial flexibility.
• Quick Approval: Our streamlined process ensures swift loan approvals, helping you seize timely investment opportunities.
• Competitive Rates: At Boathouse, we pride ourselves on offering some of the most competitive rates in the industry.

How DSCR Loans Work:

• Calculation: DSCR is calculated by dividing the total monthly rental income of the property by its monthly principle, interest, taxes, insurance, and association (PITIA) costs. 
• Eligibility: To qualify, properties should demonstrate a positive cash flow, and borrowers should have a good credit history. Non-cash flowing properties may be approved at reduced leverage. 
• Application Process: Starting with a simple online application, our team will guide you through every step, ensuring a hassle-free experience.