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Simple, clear answers about HELOCs, reverse mortgages, buying, and refinancing. Ace and our team take it from there.
Mortgage assistant
AI assistant for The Mortgage Advisory · Ace and our team take it from here
Hi! Ask me anything about HELOCs, reverse mortgages, buying a home, or refinancing.
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Is there a limit on how many rental properties I can finance with DSCR loans?
Most DSCR lenders don't put a hard cap on how many rental properties you own or finance, unlike conventional loans, which cap most investors at 10 financed properties. Some lenders limit how many loans or how much total balance they'll hold with one borrower. The Mortgage Advisory helps investors with growing portfolios spread loans across programs so they can keep buying.
What are the requirements for a DSCR loan?
Most DSCR loans look for four things: rent that covers the full monthly payment, about 20% to 25% down, a credit score around 660 or higher, and a few months of payments saved in reserves. There are no personal tax returns or pay stubs. The Mortgage Advisory is the direct lender on DSCR loans in California, Texas, and Colorado (in Florida, we arrange them as a licensed mortgage broker), so we can tell you exactly where you stand before a hard credit pull.
DSCR loan vs. conventional investment loan: which is better?
Conventional investment loans usually have lower rates, but they require full tax returns, count against your debt-to-income, and cap most investors at 10 financed properties. DSCR loans cost more but qualify on the property's rent alone. The Mortgage Advisory offers both and will compare them side by side for your situation.
Can I use a DSCR loan for a duplex, triplex, or fourplex?
Yes. DSCR loans work on duplexes, triplexes, and fourplexes, and the ratio uses the total rent from all the units. Expect a down payment of about 25% on most 2 to 4 unit programs. Properties with five or more units usually need a commercial or multifamily loan instead. The Mortgage Advisory finances 2 to 4 unit rentals and can point you in the right direction for larger buildings.
Can I get a DSCR loan in an LLC?
Yes. Most DSCR programs let you buy or refinance in an LLC, corporation, or other business entity, and many investors prefer it. You'll usually sign a personal guarantee, and the lender will ask for the entity's formation documents. The Mortgage Advisory closes DSCR loans in LLCs regularly and tells you up front exactly what paperwork is needed.
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