DSCR fundamentals
The foundation course: what a DSCR loan is, how the ratio is calculated, who the product fits, how it compares with a conventional mortgage, what it costs line by line, and the eight documents every file needs.
6 LESSONS · 27 MIN · 0/6 DONE
- 1.1
1. What is a DSCR loan?
The rental loan where the property qualifies instead of you: how it works, what it replaces, and where the line is.
4 MIN
- 1.2
2. How DSCR is calculated
The formula line by line: what goes in PITIA, which rent counts, and what the 1.00, 1.20 and 1.25 thresholds actually do.
5 MIN
- 1.3
3. Who DSCR loans are for
The five borrower profiles a DSCR loan fits, and the four situations where it is the wrong product.
4 MIN
- 1.4
4. DSCR vs conventional
Side by side: what each loan qualifies on, the financed-property cap, vesting, prepay and rate, and which one fits your file.
6 MIN · REFERENCE PAGE
- 1.5
5. What a DSCR loan costs
Reading a term sheet line by line: rate, points, lender fees, third-party costs, escrows and the prepayment menu.
4 MIN
- 1.6
6. The eight documents
The eight items every DSCR file needs, what underwriting checks on each, and the three that most often hold a closing up.
4 MIN