DSCR Loans of Texas

A Debt Service Coverage Ratio (DSCR) loan looks at the cash flow generated from an investment property to qualify for a mortgage instead of personal income.

Key Features

  • No personal income required

  • Down payments as little as 20%

  • Qualify based on cash flow

Use your investment to qualify for a DSCR loan.

If you want to purchase an investment property but don’t want to use your income to qualify, a DSCR mortgage from Global Fox Financial may be the solution. To determine eligibility, we look at your debt service coverage ratio (DSCR). As a DSCR loan lender, Global Fox Financial offers reasonable rates, in-house underwriting, and a down payment as low as 20%, depending on your credit score and DSCR. You can choose from a short-term rental DSCR loan or a long-term rental DSCR loan.

 

Long-Term Rental DSCR Loan Requirements*

  • No personal income documents are required to qualify. Qualifying factors are based on the cash flow of the subject property
  • Debt service coverage ratio minimum – 1.0x
  • Up to 80% max loan-to-value (LTV) ratio
  • Minimum 620 FICO score
  • Eligible property types are 1‐2 family and warrantable condos
  • Fixed-rate loan type
  • No prepayment penalty
  • A minimum loan amount of $75,000 is required to apply

 

Short-Term Rental (STR) DSCR Loan Requirements*

  • No personal income documents are required to qualify. Qualifying factors are based on the cash flow of the subject property
  • Debt service coverage ratio minimum – 1.0x
  • Up to 75% max loan-to-value (LTV) ratio
  • Minimum 620 FICO score
  • Eligible property types are 1‐2 family and warrantable condos
  • Fixed-rate loan type
  • No prepayment penalty
  • A minimum loan amount of $75,000 is required to apply