A DSCR (Debt Service Coverage Ratio) loan is a powerful financing option for real estate investors who want competitive pricing without traditional income documentation. Instead of verifying borrower income, qualification is based on the cash flow of the investment property.
At MidAmerica Bancorp, DSCR loans are structured with very aggressive pricing, very low rates, and flexible terms designed specifically for today’s real estate investors.
How DSCR Loans Work
Traditional mortgage loans require personal income verification through tax returns, W-2s, or pay stubs. DSCR loans take a different approach.
Rather than verifying borrower income, underwriting focuses on the property’s ability to service the debt. The expected rental income is compared to the monthly mortgage obligation to determine eligibility. If the property cash flow supports the payment, you may qualify with no income verification on the borrower.
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Today's Mortgage RatesThis streamlined structure allows investors to move faster and compete more effectively.
A DSCR loan takes a different approach.
Instead of verifying borrower income, qualification is based on the Debt Service Coverage Ratio, which compares the property’s expected rental income to its monthly mortgage obligation. If the property can support the loan payment, you may qualify without personal income verification.
This makes DSCR loans an efficient solution for investors who need flexibility and speed.
Key Features of DSCR Loans
- No income verified on the borrower: Qualification is based on property performance, not personal earnings
- Very aggressive pricing with very low rates: Competitive rate breaks available for qualified scenarios.
- Up to 80% loan-to-value (LTV): Strong leverage for income-producing properties.
- Multiple transaction types supported: Available for purchase, rate-and-term refinance, and cash-out refinance.
- Investor-focused underwriting: Designed specifically for rental and investment properties.
Why Investors Choose DSCR Loans
- Faster approvals and closings: Reduced documentation helps streamline the process.
- Stronger offers in competitive markets: Move quickly when opportunities arise.
- Simplified qualification: No personal income documentation required.
- Flexible investment strategies: Ideal for growing or optimizing real estate portfolios.
DSCR Loans in Multiple States
MidAmerica Bancorp offers DSCR loan solutions for real estate investors in the following licensed states:
- Florida
- Illinois
- Indiana
- Michigan
- Tennessee
- Wisconsin
Whether you are purchasing a new rental property or refinancing an existing investment, our team understands investor lending and provides clear guidance from application to closing.
Apply for a DSCR Loan Today
If you are ready to explore DSCR financing for your next investment property, MidAmerica Bancorp is here to help. Our experienced mortgage professionals will walk you through your options and help determine the best structure for your goals.
Call (708) 237-4050 today to schedule your free consultation.
Do you know how much home you can afford?
Most people don’t... Find out in 10 minutes.
Today's Mortgage Rates
