McGowan Mortgages updated its DSCR loan program for investment properties with lower credit requirements and faster refinancing options. The changes make it easier to qualify and refinance investment property loans.
We've had a lot of success with DSCR program and now we just upgraded made it that much better. So we get in DSCRs for investment properties. We have to have decent credit, decent down payment and we don't care about the debt to income ratio. We just need the property to cash flow itself. But now we open up more ways to get the loans done. So you can do this as a first time home buyer. Never owning a home before, but 25% down you get your DSCR loan. We can also help you tap into your equity and do a cash out refi in just three months instead of waiting the normal 12 month seasoning period. And also do this with a no ratio dcr. We don't even care what it rents for. If the appraisal doesn't come back favorably, who cares? But 25% down you get a loan. Or we could use the short term Airbnb rents which are always more favorable. 25% down, you get a loan. Co borrowers. We can now use the higher of the two middle credit scores. Every other loan program is the lower of the two middle credit scores. So more and more flexibilities reach out today because McGowan Mortgages has taken over the DSCR world.
