The Loan Process with DSCR Loans Nationwide

Understanding the loan process is crucial for making informed decisions when seeking financing solutions. At DSCR Loans Nationwide, we pride ourselves on providing a transparent, quick, and easy loan process tailored to your unique financial needs. This page will walk you through the steps involved in securing a DSCR loan, refinancing options, and investment property loans, ensuring you feel confident every step of the way.

Step 1: Initial Consultation

The loan process begins with an initial consultation over the phone or in person if you are local to Sarasota or Venice Florida. Our experienced mortgage brokers will discuss the various loan products we offer, including DSCR loan solutions specifically designed for investors who are purchasing or refinancing their properties. We will assess your financial situation, including market rental income and valuation of the property, credit score, and investment strategy, to determine the best loan options available to you. Our goal is to ensure that you feel informed and supported from the very start, setting the stage for a successful loan application.

Step 2: Application and Documentation

Once we have identified the right loan for you, the next step is to complete a short application which we can do over the phone. We will guide you through this process, making it as seamless as possible. These are no income doc loans so just a signed authorization form is needed and proof of assets for a down payment and / or reserves.  if requesting a cash out refinance, the cash out can meet your reserve requirements, typically 3 months payments for each rental property that you own. You will be amazed at the simplicity of this loan process. Once you apply you will receive a written loan estimate disclosing all costs and fees associated with your loan. These loans can often be closed in 21 days or less. 

Step 3: Underwriting and Approval

Since the loan is serviced by the current or proposed market rental income, the underwriter will review the loan application and issue an approval and as long as the market rent is supported on the appraisal, and current insurance is verified, the loan can be cleared for closing Most loans require a 1 to 1 ration for market rent to proposed PITI payment.   Should it not, we can go over options to still obtain a loan approval. The entire process should take less than 30 days. 

Ready to Get Started?

Contact DSCR Loans Nationwide today to begin your loan process. Our expert brokers are here to help you achieve your financial goals.