How do I get a dscr loan in Texas?
To get a dscr loan in Texas, you'll work with Your Loan Officer Name (NMLS NMLS #[Your Number]), a loan officer individually licensed in Texas. A DSCR loan is an investor mortgage qualified by the rental property's cash flow relative to the loan's debt service, instead of the borrower's personal income. Mortgage Go originates DSCR loans through licensed loan officers in the states where each officer is individually licensed.
Key facts
- Qualification
- Property DSCR (rental income ÷ debt service)
- Minimum DSCR
- Placeholder — pending compliance
- Net Operating Income
- Used to calculate the property's DSCR (gross rents minus operating expenses)
- Maximum LTV
- Placeholder — pending compliance
- Cap Rate
- Reviewed alongside DSCR for investor profile
- Minimum credit score
- Placeholder — pending compliance
- Property eligibility
- Non-owner-occupied investment
Frequently asked questions
What is a DSCR loan?+
A DSCR (Debt Service Coverage Ratio) loan qualifies an investor based on the rental income the property generates relative to the loan's debt service, rather than the borrower's personal income.
How is DSCR calculated?+
DSCR equals the property's rental income divided by the loan's monthly principal, interest, taxes, insurance, and association dues. Specific lender minimums are pending compliance sign-off.