We offer 30-Year Rental Loans based on debt-service coverage ratio (DSCR) for new purchases and refinances. Shorter timeline? No prepay options available. Preserve optionality with the security of a 30-year fix interest rate loan reduced prepay duration.
Is a DSCR loan right for you?
Price-Beat Guarantee
LLC’s Welcome
Cash-Flow Based Approval // No DTI
Program Highlights
- 30-Year Fixed-Rate
- Rate Locks Available
- No Call. 30-Year Amortization
- For Cash-Out Refis, Rate-and-Term Refis, and New Purchases
- Up to 80% LTV
- No Tax Return Required
- 620+ FICO Score
- $100,000 Minimum Property Value
- Single-Family and 2-9 Unit Residential
- Eligible Entities: LLCs and Individuals
- Payment Penalty: Declining Points
- Available in 35 States
Check out what your ratio is by using our DSCR calculator…
Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!
The DSCR for this loan is
Monthly Payments
Principal & Interest (P&I)
$
Taxes & HOA
$
Homeowners Insurance
$
Debt Service Coverage Ratio
(Rental Income / Mortgage Payment)
Rental Income
$3,000
Monthly Mortgage
$3,000
DSCR
0.90
Estimated Taxes & Insurance
Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home's value but can change based on insurer. Your loan specialist can help you determine property tax and insurance rates in your area.
Estimated Payment
$ /mo
Loan amount
$
Down payment
$
Interest rate
Loan term
Property tax
Homeowner's insurance
$
HOA dues
$
Payment Breakdown
Amortization
Principal vs. Interest
Amortization Schedule Breakdown
Our detailed amortization schedule breaks down your mortgage payments, showing how they are split between interest and principal over the life of your loan.
Note: The actual monthly payment may be higher than what is shown here, as this schedule does not account for variable costs such as property taxes and home insurance, which are often included in your total mortgage payment.
- Principal payments: $$240,000 (the amount borrowed)
- Interest payments: $$297,554 (the cost of borrowing)
What is a DSCR Loan?
A Debt-Service Coverage Ratio (DSCR) loan is based upon cash flow from rental income. Approval for the 30-Year Rental Loan will occur if there is enough cash flow from the rental income received on a particular property to cover the outstanding monthly debt on the property.
The primary qualification for a DSCR loan from Voyage Investor Loans is the cash flow of the subject property (income divided by expenses). Loan qualification is NOT based on pay stubs, tax returns, or personal income
Top 5 Investor Benefits
30-Year Term with 30-Year Amortization
- These loans are great for people who want to buy and hold for the long term. Keep monthly payments down and enjoy rates similar to a conventional loan.
No Debt-to-Income Calculated
- That means no Paystubs or Tax Returns required to qualify. These are “low-doc” loans that will save you the hassle and time.
Approval Based On Cash Flow
- Approval Is Based Upon Property Cash-Flow, not your income. This will enable you to scale your business quicly.
LLSs Welcome
- A loan made for business owners.
Fom One Property to an Entire Portfolio
- Large Portfolio Welcome. Or individual properties. If you own SFRs, we have a solution for you.
