Arizona DSCR Loans
As a real estate lender, CoreVest offers DSCR loans in “STATE”
CoreVest helps fund “STATE” DSCR projects for real estate investors with 30-year DSCR product. DSCR loans enable borrowers to qualify based on the rental income of the property rather than their personal income. This makes them a perfect choice for self-employed investors and investors looking to grow their rental property portfolio rapidly. As a leading private lender, CoreVest offers DSCR loans throughout all of Arizona. Whether you’re working on a fixer-upper or found a great deal, CoreVest is here to help you secure a competitive “STATE” DSCR loan today.
Product Overview
| LOAN DETAILS | |
|---|---|
| Loan Type | Fixed rate loan on a rental property based on DSCR (1.0x) |
| Property Type | SFR (1-4 unit), condo, townhome |
| Amount | $75k - $2M+ |
| Loan to Value (LTV) | Up to 80% of value |
| Loan Term | 30-year term |
How is an Arizona DSCR Loan Calculated?
Calculating the Debt Service Coverage Ratio (DSCR) involves a straightforward process that requires accurate financial data and a clear understanding of the numerator and denominator components. To ensure precise calculations, follow these step-by-step instructions:
Determine the Numerator
Identify the net operating income (NOI) of the property or business.
Subtract any non-operating income and add back any non-operating expenses.
Exclude interest and taxes from the NOI.
Determine the Denominator
Sum up all debt payments within a specific period, typically annually.
Include principal, interest, lease payments, and other relevant obligations.
Calculate DSCR
Divide the numerator (NOI) by the denominator (debt payments).
The resulting value represents the DSCR.