Debt Service Coverage Ratio

What is a DSCR Loan?

At American Mortgage we offer DSCR’s. Understanding how Florida DSCR loans work requires basic knowledge of the debt service coverage ratio (DSCR) itself. So, your debt service coverage ratio is the ratio of your cash flow to the amount of debt you should repay if you take out a loan. This refers to your annual rental income vs. your annual debt as a rental property investor.

Debt service coverage ratio loans are non-QM loans, which means you won’t have to go through the traditional mortgage application procedure to get it. When applying for conventional Florida home loans, you typically need to get a credit report, disclose your assets, prove your income and employment, and jump through various additional symbolic hoops. Indeed, some non-QM loans are designed for typical homebuyers who do not qualify for a conventional mortgage, but DSCR loans are solely for property investors.

The most significant advantage of Florida DSCR loans is that you may be eligible for one even if you are ineligible for a conventional loan in Florida. This allows more borrowers to get a loan and step into the world of real estate investing. You can receive the cash you need to invest in Florida rental homes if you have a good DSCR. If you’re considering investing in real estate property in Florida, a DSCR loan may be the right option for your needs.

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Features of a DSCR Loan

DSCR loans are attractive to real estate investors because of the considerable number of benefits and the array of features they provide, including:

  • No income or job history is required.
  • No personal income calculations are used to qualify.
  • No limit to the number of investment properties owned or financed.
  • Low debt service coverage ratio qualifications of 1.0 (qualify on the property’s cash flow only).
  • Close a loan in the U.S.-based corporation, LLC, and/or partnership.
  • Loan amounts up to $5 mil.
  • Unlimited cash out.
  • Non-warrantable condo investments are allowed.
  • Delayed financing options.
  • Airbnb short-term rental income is allowed.
  • As little as 20% down payment.
  • Interest-only loan payment is available.
  • Down to a 640 credit score.
  • First-time real estate investors are allowed.
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Why Choose Us?

  • Experience – We put our 40+ years of combined experience in the Mortgage industry to work for YOU!
  • Loan Programs – We have more loan options available than banks, credit unions and most direct lenders.
  • Low Rates – We shop our expansive book of lenders to find the best rate for your unique needs!
  • Fees – As a wholesale mortgage broker, we are able to charge less fees than most competitors.
  • Communication – Our knowledgeable team members are easily accessible to answer your questions and to update you and your realtor throughout the process of your loan.
Tyler HaldaneTyler Haldane
23:11 22 Jun 22
Highly recommend American Mortgage Services!! Clay and his team are the best. Extremely prompt response time and by far the best rate we were offered.
John SchmidtJohn Schmidt
21:05 20 Jun 22
What an amazing experience I had with the loan process! I just closed on a beach condo and they made it happen in only 20 business days! If you know anything about loans and investment properties, especially condos, you know it can be a long and tough process, but they got it done! Will definitely use them for my next investment property and any future real estate purchases.
Nicole ReedNicole Reed
02:09 14 Jun 22
Lindsey was absolutely phenomenal! She & the AMS team definitely know how to get a deal closed & closed quickly! Very happy with our experience with AMS. Highly recommend!
Paul BilyeuPaul Bilyeu
14:41 13 Jun 22
The whole team at American Mortgage Services in Tampa was fantastic. They were always available to answer questions and always willing to hand-hold during the anxious times. A great experience all-around.
alice monteleonealice monteleone
12:19 09 Jun 22
JB and his whole team were so great!! Everything from the beginning to the end went smoothly!! The whole team was always on top of all conversations and any issues that came up were fixed immediately! We actually closed 4 days sooner then expected! I would 10000 percent recommend!!
Shawn RigneyShawn Rigney
21:37 08 Feb 22
I'm a realtor and I work with Shaun Mathena regularly. He is hands down one of the most attentive and involved mortgage professionals to date.Overhwlming amount of success with his programs and his communication is well above his competitors in the field.Thanks for being an amazing partner and even more importantly, thanks for ensuring the client is taken care of in all aspects of service.Shawn Rigney