At Simply Approved Mortgages, we specialize in providing tailored DSCR (Debt Service Coverage Ratio) loans to help you secure the best financing options available. Our team of experienced mortgage professionals is dedicated to offering personalized solutions and expert guidance throughout the entire loan process.
Enjoy some of the lowest interest rates available. According to recent data, the average rate for a 15-year fixed mortgage is 2.95%, compared to 3.60% for a 30-year fixed-rate mortgage.
Ideal for real estate investors, DSCR loans allow for flexible qualification requirements and can be used to finance multiple properties.
DSCR loans focus on property income rather than personal credit history, making them accessible to a broader range of borrowers.
These loans are perfect for real estate investors seeking to expand their property portfolios.
With DSCR loans, extensive personal financial documentation is often not required.
A good credit score (generally 700 or higher) is essential for securing the best rates.
With competitive interest rates and evolving lending standards, now is an opportune time to explore DSCR loans.
Determine the income your property generates and compare it to your debt obligations.
Submit your application with relevant property income documentation.
Our team will review your application and provide a decision based on your property’s financial performance.
Our knowledgeable team offers expert advice tailored to your financial situation and investment goals.
We provide customized loan options to meet your unique needs.
From application to closing, we are committed to delivering a seamless and efficient mortgage experience.
The minimum DSCR typically required is 1.0, meaning your property’s income should at least cover its debt obligations
Yes, DSCR loans can be used for both residential and commercial properties.
Approval times vary, but we strive to provide timely and efficient processing to get you the financing you need as quickly as possible.
Requirements can vary, but generally, you will need to provide proof of income generated by the property.
Simply Approved Mortgages is committed to providing top-notch mortgage solutions and exceptional customer service. Learn more about our services and team.
Company State License# AZMB - 0944059 | NMLS# 1660690