Close Fast on DSCR Loans for Rental Properties
At Algent, we understand flexibility is key for rental property investors. That’s why we offer a wide variety of loan terms with competitive interest rates and high LTV allowances. Our highly efficient in-house processing team can get your loan to close quickly so you can put your rental property to work for you.
Flexible Terms and Competitive Interest Rates
Algent offers a variety of advantages for our rental property (DSCR) loan borrowers:
Single Family and Multifamily financing
30-year fixed rate terms
Adjustable-rate mortgage terms in 5/1, 7/1, and 10/1
Interest-only DSCR loans available
Loan amounts from $100,000 to $2 million
Close in as fast as 8 days
Requirements for DSCR Loans: Rental Properties
- Minimum 660 FICO credit score
- Minimum 1.00 DSCR
- 80% maximum LTV (20% down payment requirement on DSCR loans)
- No short sales, deeds in lieu of foreclosure, foreclosures, bankruptcy discharges or dismissals within the past 36 months
Minimum DSCR, borrower liquidity, maximum LTV, and other terms depend on each borrower’s investment experience and other factors. Your terms may vary.