Loan Programs

What is a Texas DSCR Mortgage Loan?

A Debt Service Coverage Ratio (DSCR) loan looks at the cash flow generated from an investment property to qualify for a mortgage instead of personal income. Texas DSCR Mortgage Loans – No Income Required

DSCR Loans allow borrowers to finance up to 20 properties by using prospective monthly rental income to qualify for the investment properties. The process is easy with limited paperwork allowing investors to purchase multiple properties without the limitations of proving income with a traditional Conventional mortgage loan.

No Income Needed
No Employment Info Needed
Gift Funds Allowed – No Sourcing of Deposits (Series 1 Special)
Minimum 20%, 25%, 30% Down Payment Available

Eligible Purpose

+ Purchase
+ Refinance
+ Cash Out
– No Construction loan offered, No HELOC

Income Requirements

Loans that are part of the Investor Flex Program are calculated solely from the income of the subject property in lieu of documenting Borrower income. The borrower’s income is not required and there is no calculation for debt-to-income.

Texas Premier Mortgage’s Debt-Service Coverage Ratio (DSCR) loan option is for the real estate investor looking to simplify the process without the extra paperwork. With loans up to $2M, Investor Flex offers purchase and refinance options on investment properties by using the market rent of the property rather than traditional income to qualify. It’s a fast and easy way to help expand your real estate portfolio.

Eligible Borrowers

• U.S. Citizens;
• Permanent Resident Aliens;
• Non-Permanent Resident Aliens

Income Calculation

Debt Service Coverage Ratio = Gross Income / Proposed PITIA
• Tenant Occupied: Use the lower of the (a) executed, current lease agreement or (b) market rent from appraisal (form 1007); OR
• Non-Tenant Occupied: The market rent from the appraisal (form 1007) may be used solely; OR
• Short Term Rental income can be used, see below section.

Multiple Financed Properties

Borrowers who own more than twenty (20) financed properties (residential, 1-4 family, including their primary residence, are not permitted.

First Time Homebuyers

First-time homebuyers are ineligible for the Investor Flex product. A first-time homebuyer is defined as a Borrower who has had no ownership interest in a residential property in the United States during the preceding three (3) year period.