DSCR (Debt service coverage ratio)
"The property can pay for itself!"
Unlike conventional mortgages that rely on W-2's, tax returns or income, DSCR uses the properties potential rental income to qualify.
DSCR Loan is perfect for:
Airbnbs
Short Term Rentals
Long Term Rentals
Why DSCR?
A DSCR Loan allows investors like YOU multiple benefits that a typical conventional loan simply... doesn't.
No W-2's or any personal income verification.
Self-employed is magic to our ears!
The only thing that matters is whether the property can pay for itself.
We take the expected rent multiplied by 75% divided by the mortgage payment.
(Expected Rent) x 75% / Mortgage Payment
No cap on how many properties can be financed. Conventional loans cap at 10 properties financed, but with a DSCR there is no such limit.
Your LLC can close the loan.
Title can be held by your LLC.
Your LLC does not need 2 years of history to qualify.
AND by the way, you can refinance your conventional mortgage into a DSCR.
You can refinance a regular loan and then take cash out or use a DSCR loan to pay off a hard money purchase loan!
Any rental income can qualify!
Airbnb? No problem!
Short-term rental? Absolutely!
Long term rental? Let's go!
Stop using conventional and start using DSCR!
"Weird Austin" Mortgage Company Loves Weird Loan Products
What We Do
We don't shy away from difficulty. Town Lake Mortgage is based in Austin and we take pride in our roots. Weird lifestyles, weird income is our vibe and we are here to help!
Client Results
Our goal is to make you a happy customer. You'll never need another Mortgage Company.
Social Impact
We are passionate about our community! Keep an eye out for events that we are hosting. Follow us on social media!
Office:
4810B Spicewood Springs Rd
Austin, Texas 78759
Call 512-643-7888
Email:[email protected]
Site: www.townlakemortgage.com