A DSCR purchase loan finances the acquisition of an investment property using the property's rental cash flow instead of your personal income. Standard terms: 20-25% down, 660+ FICO, 30-year fixed or ARM, close in an LLC, and use gross market rent (from the appraiser's Form 1007) to qualify.
Purchase DSCR loans are the fastest way to scale a rental portfolio because there is no limit on the number of financed properties and no personal DTI calculation. Investors regularly close 3, 5, or 10 properties in a calendar year using DSCR — something that is often impossible with conventional financing due to the 10-property Fannie Mae cap and DTI overlays.
Typical purchase timeline: rate lock and application (day 1), appraisal ordered (day 3-5), appraisal returned (day 10-15), conditions cleared (day 18-21), close (day 21-30). Fast-track programs can close in 14 days on clean files. We offer 5/1, 7/1, and 10/1 ARMs, 30-year fixed, interest-only, and 40-year amortization on purchase transactions.
Start with a rate quote for your purchase scenario, or compare against our full DSCR lender ranking.