San Tan Valley DSCR Loans
Flexible Financing For San Tan Valley Rental Properties
Call Independent Lending 949.830.3151
Independent Lending specializes in San Tan Valley DSCR Loans and their ablility to focus on rental property cash flow instead of your personal income. If your looking to purchase or cash out of your rental property, we have the experience and customer service to make it a smooth and successful closing. Contact us today on how we can help grow your rental portfolio!
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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 San Tan Valley DSCR Specialist
San Tan Valley DSCR loans have quickly become one of the most popular loan options for real estate investors due to their benefits not seen with conventional financing. Conventional loans typically require 2 years sourcing and history of personal finances such as tax returns and W-2’s. Arizona DSCR loans on the other hand offer financing based on the income of the rental. Less paperwork and faster fundings are the result of this investment property focused program.
Leverage our over 40 years of combined experience in mortgage lending and hundreds of 5-Star client reviews to grow your rental portfolio. Contact our licensed Loan Advisors today for a quick consultation.
- 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
San Tan Valley
San Tan Valley is a vibrant rental market in the southeastern part of Arizona, located within Pinal County and part of the larger Phoenix metropolitan area. This growing area spans approximately 75 square miles and is home to a population of around 100,000 residents. San Tan Valley is known for its breathtaking desert landscapes and scenic outdoor attractions. Popular spots include the San Tan Mountain Regional Park, which offers miles of hiking and wildlife viewing, and Schnepf Farms, a family-friendly destination known for its seasonal festivals. Tenants can also explore the Queen Creek Olive Mill, a local farm and restaurant or Ironwood Golf Club, offering a unique desert golfing experience.
Debt Service Coverage Ratio Calculation Example
The following is an example of how the lender may underwrite the Arizona DSCR loan
DSCR = Gross Rental Income / Monthly Debt
Subject Property: San Tan Valley Single Family Rental
Annual Gross Revenue: Property is renting for $3,000 per month with an annual gross revenue of $36,000
Operating Expenses: Principle, Interest, Taxes, Insurance and HOA add up to $2,500 per month with an annual operating expense of $30,000
Annual rent of $36,000 / Annual debt of $30,000 = 1.2
A DSCR of 1.2 indicates that the property generates 20% 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 San Tan Valley 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 a DSCR loan.
Common San Tan Valley 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 San Tan Valley 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 San Tan Valley 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 a San Tan Valley DSCR Loan Can Grow Your Portfolio
DSCR loans offer strategic opportunities for buy and hold investors looking to grow their portfolio in dynamic real estate markets. Because San Tan Valley DSCR loans are approved in underwriting with a focus on the investment property income and not the borrower’s personal financial or employment history, there is no limit to the number of properties you can own. DSCR loans also allow Investors to close in an LLC and other entities as an extra layer of privacy and protection. Let us help you hit your target with your investment portfolio growth and contact us today!
- 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 San Tan Valley DSCR Loan
Real World Scenario
As one of the more experienced providers of DSCR loans in San Tan Valley, AZ the client was surprised about the limited paperwork requested and how quickly we were able to fund his loan. This was a cash out of $175,000 and 68% LTV with 1.2 DSCR ratio. San Tan Valley and surrounding areas of Maricopa County has a good rental market due to a growing population, diverse economy and a strong job market.
Learn More About a San Tan Valley DSCR Loan
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.
