30 Year DSCR Loans
A long term loan that provides permanent financing for landlords with rental properties.
What is a 30 Year DSCR Loan?
Unlike renovation loans or construction loans, a 30 year DSCR first lien mortgage is designed for landlords looking to permanently finance their rental property. These loans can be fixed-rate, adjustable rate (ARMs), or IO (interest only). Properties can be single family or multi-family.
Key benefits of 30 Year DSCR Loans:
Quick Closings
RenoMoney’s highly experienced, senior level team is hands-on in ensuring your loan closes on time. The people doing the work are also the decision-makers so the loans keep moving with none of the bureaucratic delays common with “institutionalized” lenders in the hard money space. We are not a bank and don’t aspire to be one.
Expert Guidance
RenoMoney prides itself on being a small company that provides senior level attention to every deal that comes in the door. Your loan won’t get lost in the shuffle because your loan is important to us no matter how big or small it is.
Custom Solutions
Our seasoned team understands the unique attributes of your deal and structures financing that makes sense for your property. Our best-in-class credit risk experience enables us to close deals even if they don’t always “fit the box”. We also quickly tell you if we can’t do the deal so we don’t waste your time.
Simple Process
RenoMoney’s team does our best to simplify the process for the borrower. We generally don’t require tax returns, proof of income, or seasoned funds. We minimize the number of forms that need to be completed. We don’t ask for the same document twice, but we will tell you if there is an issue with a submission and how it can be corrected. We provide clear instructions and are always available to help if you have questions or need support. We are a patient and reliable partner.
If you are looking for permanent financing for your investment properties, we can help you find a loan that is right for you.
Connect with us today!