Are you a real estate investor in New Jersey looking for a flexible loan program that doesn’t require traditional income documentation? The DSCR Loan Program by Cornerstone Mortgage is designed to meet the unique needs of real estate investors. Whether you’re a seasoned investor or just starting out, this program allows you to purchase 1-8 unit properties without the need for tax returns, W-2s, or pay stubs. Instead, the focus is on the property’s income-generating potential, making it easier to secure the financing you need.
The Debt Service Coverage Ratio (DSCR) Loan Program is a specialized lending solution that evaluates the property’s cash flow rather than the borrower’s personal income or credit score. This program is a breath of fresh air for investors who have struggled to secure traditional loans due to stringent documentation requirements. With DSCR loans, the property’s ability to cover its debt obligations is the key factor, allowing for more flexibility and accessibility for real estate investors.
The DSCR Loan Program bases its approval on the property’s income potential, not your personal finances. This opens up opportunities for investors who may not have the highest credit scores but have a solid investment property.
Forget about tax returns, pay stubs, or W-2s. The DSCR Loan Program focuses solely on the cash flow of the property, making it easier to qualify.
We offer adjustable loan terms, allowing you to select a repayment schedule that suits your investment strategy.
Timing is everything in real estate. The DSCR Loan Program provides a fast approval process, ensuring you can secure your investment property before the competition.
With non-recourse financing, your personal assets are protected. In the event of default, only the property itself is at risk, not your other personal assets.
Unlike traditional loans, DSCR loans do not require income verification documents, making the process faster and more streamlined for investors.
The loan is approved based on the property’s Debt Service Coverage Ratio (DSCR), which compares the property’s net operating income (NOI) to its debt obligations. The best DSCR loans have ratios of 1:1 or better, meaning the property’s rents are equal to or exceed the loan payments.
This program is ideal for investors looking to purchase residential investment properties, including single-family homes, duplexes, and larger multi-family properties.
DSCR loans typically offer LTV ratios up to 75%, though this can vary depending on the property type and the strength of the DSCR.
The DSCR Loan Program is tailored for a wide variety of real estate investors, including:
Those with a proven track record of managing successful investment properties.
If you have solid investment opportunities but struggle to qualify for traditional loans due to your personal credit score, the DSCR loan could be the perfect solution.
The program is open to foreign nationals looking to invest in U.S. real estate without the need for U.S. income documentation.
Investors looking to grow their real estate portfolios without the hassle of traditional lending requirements.
At Cornerstone Mortgage, We'll work to help you Unlock Investment Opportunities with Our DSCR Loan Program.
Are you ready to leverage the DSCR Loan Program to expand your real estate investments? At Cornerstone Mortgage, we specialize in helping New Jersey investors access financing based on their property’s cash flow, not their personal income. We serve clients in Warren, Bernardsville, Madison, Mendham, Morristown, Basking Ridge, Bernards, Chester, Peapack-Gladstone, Bedminster, and beyond.
Contact us today to explore your DSCR loan options and take the next step in building your real estate portfolio.
The DSCR Loan Program is designed for residential investment properties, including single-family homes, multi-family properties, and apartment complexes.
Yes, the minimum loan amount for the DSCR Loan Program is typically $100,000, although this may vary depending on the lender and property.
The DSCR is calculated by dividing the property’s net operating income (NOI) by the total debt service (loan payments). A DSCR of 1:1 or higher indicates that the property generates enough income to cover its debt obligations.
LTV ratios for DSCR loans are typically up to 75%, but they may vary based on the property type, the strength of the DSCR, and the borrower’s overall financial profile.
One of the key benefits of the DSCR Loan Program is its quick approval process, allowing investors to secure financing and close on properties faster than with traditional loans.
