30-Year Rental Loans
DSCR-Based loans
Dominion Financial offers 30-Year Rental Loans with competitive rates and superior service. Work with someone who understands your business.
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Get Your Quote Within 24 Hours.
Rates As Low As 4.50%*
Cash-Flow Based Approval. No DTI
Rates As Low As 4.50%*
LLC's Welcome
Cash-Flow Based Approval. No DTI
Rates As Low As 4.50%*
Cash-Flow Based Approval. No DTI
Cash-Flow Based Approval. No DTI
Cash-Flow Based Approval. No DTI
PROGRAM HIGHLIGHTS
- Fixed-rate as low as 4.50%*
- 30-Year Term, No Call. 30-Year Amortization
- For Cash-Out Refis, Rate-And-Term Refis, and New Purchases
- Up to 75% LTV, Cash-Outs Eligible
- 2.0% Origination Fee
- No Tax Returns Required
- 680+ FICO Score
- $100,000 Minimum Property Value
- 1-4 Unit Residential
- Eligible Entities: LLCs and Individuals
- Prepayment Penalty: Declining Point
- Available in 49 states and D.C. (all except NV)
*4.67% APR
WHAT IS A DSCR LOAN?
A Debt-Service Coverage Ratio (DSCR) loan is based upon cash flow from rental income. Approval for the 30-Year Rental Loan will occur if there is enough cash flow from the rental income received on a particular property to cover the outstanding monthly debt on the property.
In order to qualify for a DSCR loan from Dominion Financial, the rental income needs to exceed 120% of the monthly expenses including but not limited to principal, interest, taxes, insurance, and any additional dues. You do not need to provide pay stubs, tax returns, or show income to qualify.
Top 5 Investor Benefits
30-Year Term with 30-Year Amortization
These loans are great for people who want to buy and hold for the long term. Keep monthly payments down and enjoy rates similar to a conventional loan
No Debt-To-Income Calculated
That means no Paystubs or Tax Returns required to qualify. These are "low-doc" loans that will save you the hassle and time.
Approval Based On Cash Flow
Approval Is Based Upon Property Cash-Flow, not your income. This will enable you to scale your business quickly, even if you don't "show" income
LLCs Welcome
A loan made for business owners... Protect your identity and shield yourself from liability.
From One Property to an Entire Portfolio...
Large Portfolios Welcome. Or individual properties. If you own SFRs, we have a solution for you.
Ready To Grow Your Business?
Our Loan Officers Are Standing By To Assist You. Get Your Quote Within 24 Hours.
Frequently Asked Questions
The main benefit of a DSCR loan is that it is based on borrower credit and property cash flow, not the borrower’s personal income. DSCR loans are considered to be "low-doc" loans in comparison to conventional loans which require more documentation in order to proceed with the loan.
A conventional loan is often difficult for Real Estate Investors to achieve as they require specific guidelines in order to meet the criteria of Fannie Mae and Freddie Mac. However, a conventional loan is appealing to those who qualify as they may be able to receive a lower interest rate.
To qualify, you must have a minimum FICO score of 640. Your credit score will determine the rate you are quoted.
To qualify, you must have a minimum FICO score of 640. Your credit score will determine the rate you are quoted.
Yes, we do.
Our main program is for single-family and multifamily up to 4 units. Sometimes we are able to fund a property above 5 units but that is not our fastball. If we can, it would be a 30-year fixed-rate mortgage. We don't lend in NV. All of our loans are recourse loans. For short-term multifamily funding, we offer Multifamily Bridge Loans.
There is a 6 months seasoning period. After 6 months there are no LTC restrictions. Prior to 6 months, we can refinance the lessor or 85% of total cost vs 75% of LTV.
No, we do not, only non-owner-occupied residential properties.
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Dominion Financial Services LLC. NMLS ID # 898795, 1029 N Calvert St Baltimore MD 21202. Dominion Financial Services LLC is not currently licensed in NV. Dominion Financial Services, LLC is licensed or exempt from licensing in all other states.
Dominion Financial Services, LLC is licensed in Minnesota as a Mortgage Originator (License No. MN-MO-898795). Dominion Financial Services, LLC is licensed in Arizona as a Mortgage Banker (License No. 0950308). Dominion Financial Services, LLC is licensed as a California Finance Lender and Broker under Department of Business Oversight (License No. 60DBO 91679). Dominion Financial Services, LLC is licensed in South Dakota as a Mortgage Lender (License No. ML-05220). Dominion Financial Services, LLC is licensed in North Dakota as a Money Broker (License No. MB103364). Dominion Financial Services, LLC is licensed in Vermont as a Commercial Lender (License No. 898795 CLL). Dominion Financial Services, LLC is licensed in Oregon as a Mortgage Lender (License No. ML-5763). Dominion Financial Services, LLC is licensed in Idaho as a Mortgage Broker/Lender (License No. MBL-2080898795).
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