A DSCR loan is a type of financing for real estate investors that focuses on the property's income rather than the borrower's personal finances. DSCR stands for Debt Service Coverage Ratio, which measures a property's ability to cover its debt obligations with its rental income. Lenders use the DSCR to assess the risk of the loan, and a higher DSCR generally indicates a lower risk. This type of loan is ideal for investors who want to leverage their property's income to qualify for financing without relying on personal income verification.

At Local Lending Oklahoma, our mortgage experts specialize in DSCR loans, which is considered to be an “alternative documentation” loan. These loans are especially helpful for people who don't want to verify personal income or own multiple financed properties and can't meet Conventional lending guidelines. With DSCR, you are using the property's rental income as opposed to tax forms, paystubs, and W-2s from conventional jobs.

As long as you have the credit scores and equity, our DSCR mortgage loans can help you purchase or refinance your investment properties. We encourage you to connect with us today to learn more about the DSCR loans we offer or to get started with a free quote! It is our pleasure to offer these Debt Service Coverage Ratio loans to those throughout the Edmond, Piedmont, Yukon, Mustang, Tuttle, Newcastle, Blanchard, Norman, Moore, Choctaw, Deer Creek and Oklahoma City, OK area.