Call Independent Lending 949.830.3151
Call us today for a one on one conversation about how an Arizona DSCR loan can benefit your investment strategy. Perfect for cashing out or purchasing your next investment property since there are no tax returns, W-2's or paystubs involved. Income is calcuted by the rental cash flow, opening opportunites for Arizona investors and individual rental property owners.
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Faster Closing Times
Unlimited Cash Out
No Personal Income Requirements
No Employment History Verification
LLC and Other Entities Allowed
Your Trusted Arizona DSCR Specialist
Independent Lending has the experience and customer service to close your next Arizona DSCR Loan. Quickly becoming one of the most funded programs for investment properties in the state of Arizona, DSCR loans use rental income of the subject property instead of the typical personal income and job history requirements.
Since 2013, we have been providing 5-Star service and competitive rates for our mortgage clients. Contact us today to speak with one of our Arizona licensed Mortgage Advisors.
- Faster Funding Times
- Purchase or Cash Out
- Flexible DSCR Solutions
- Short or Long-Term Rentals
- Vacant or Occupied Properties
- Full 30-year Terms with No Balloons
Arizona
Arizona, is a southwestern U.S. state with the Grand Canyon being it’s most popular landmark. The Four Corners region are shared with Utah, New Mexico and Colorado, while neighboring states include California and Nevada and an international border with Mexico. With a flourishing rental market in this desert state, investment properties are experiencing high ROI’s and appreciating home values.
Debt Service Coverage Ratio Calculation Example
The following is an example of how the Underwriter might calculate an Arizona DSCR loan
DSCR = Gross Rental Income / Monthly Debt
Subject Property: Arizona Single Family Rental
Annual Gross Revenue: Property is renting for $2,100 per month with an annual gross revenue of $25,200
Operating Expenses: Principle, Interest, Taxes, Insurance and HOA add up to $1,500 per month with an annual operating expense of $18,000
Annual rent of $25,200 / Annual debt of $18,000 = 1.40
A DSCR of 1.40 indicates that the property generates over 40% more income than is needed to cover the debt service. A DSCR above 1.0 suggests that the property has strong cash flow position and should be able to comfortably handle the new loan.
Most Arizona DSCR lenders require a DSCR of 1.0 or higher. With Independent Lending we can go lower with compensating factors. Call us at 1.800.315.0043 to learn more about qualifying for your Arizona DSCR loan.
Common Arizona DSCR Questions
A: Each month, the interest is added to your loan balance. You only repay the loan when you sell the house or when the loan becomes due (such as after you pass away).
A: The acronym DSCR stands for Debt Service Coverage Ratio. A DSCR loan is a Non-QM or Investor Cash Flow loan program used by Arizona property investors allowing them to purchase or cash out of their rental property. This loan type focuses on the cash flow generated by the rental property rather than by the personal income of the borrower.
A: Yes, typically other DSCR providers require a credit score of 620+ however with compensating factors, we can go down to 575 scores.
A: Yes, the Underwriter will look at this scenario on a case by case basis. Typically if the subject property was recently remodeled or purchased an exception can be requested.
A: Yes, minimum down payment is usually 20% depending on other factors such as property type and credit score.
A: To begin the process of obtaining your Arizona DSCR Loan you can call us direct at 949.216.3902 or toll free at 1.800.315.0043. You can also complete our Contact Form or fill out our secure one page Application Form.
How an Arizona DSCR Loan Can Grow Your Portfolio
Non-QM loans like the Arizona DSCR are ideal for real estate investors looking to qualify based on investment property cash flow and have privacy and protection by closing in a LLC or entity. Arizona DSCR loans offer flexible loan amounts, repayments terms and unlimited property portfolios to help you hit your target investment goals.
- Unlimited Property Portfolio
- Less Documentation Required
- Rental Property Focused Lending
- Flexible Common Sense Undwriting
- Rental Cash Flow Not Personal Income
- Quick and Streamlined Underwriting Approval
About Our Mortgage Lending and Service
What Our Clients Have To Say
Recently Funded Arizona DSCR Loan
Real World Scenario
As one of the top providers of San Tan Valley DSCR loans, we were able to close on a $175,000 cash out at 68% LTV and 1.2 DSCR ratio. Our client was happy with the limited paperwork and speed of funding on his San Tan Valley, Arizona rental property compared to the conventional loans that he had been accustomed to.
Learn More About Arizona DSCR Loans
Contact Independent Lending
Call Toll Free: 1.800.315.0043 / Local: 949.830.3151 or click the Contact Us button to fill out our secure web form for a call back. At Independent Lending, we give every loan request the respect it deserves.
