Defiance Capital offers 30-Year Rental Loans with competitive rates and superior service. Work with someone who understands your business.
About our Long Term Loans
- 30-year amortization allows for lower monthly payments
- No seasoning requirements for rate and term refinance loans
- Multiple property portfolio loans often qualify for better interest rates
- Taxes and insurance are escrowed to spread those costs over the year
- The loan is based on the rental property’s cash flow, not your personal debt to income
- Turnaround times are often around four weeks
- No rate adjustments or reviews post-closing
- No tax return requirement
- 10 Year Interest Only Options Available
- Flexible Uses:
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- Cash-out Refis
- Rate and Term Refis
- New purchases
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- Key Parameters:
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- 660+ FICO Score
- $75,000 Minimum Property Value
- Single Family to Eight (8) Unit Allowable
- Up to 75% LTV
- Eligible Entities: LLC’s and Individuals
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Long Term Loans |
What is a DSCR Loan?
DSCR stands for Debt Service Coverage Ratio. Unlike a traditional mortgage where a bank determines qualification based on income, DSCR loans are based on the property’s cash flow. We look for at least a 1.2x ratio (monthly rental / monthly payments (principal, interest, taxes, insurance, and HOA dues). All other expenses that may come with owning a rental property such as management and repairs are not included in the calculation.
Why a DSCR Loan?
- Quick and Easy Application Process
- Lower Monthly Payments Compared to Community Bank Options
- No Tax Returns Required
- A Defiance DSCR loan can be combined with a Defiance Bridge loan to maximize your cash out.
- Existing Defiance Capital Bridge loans are eligible for a fee discount
DSCR Loans |
DSCR Loan Process
1
CREDIT CHECK AND APPRAISAL
2
SUPPLY LEASE AGREEMENT
3
SUBMIT APPLICATION AND CLEAR CONDITIONS
4
CLOSED AND FUNDED WHEN ALL CONDITIONS CLEARED
Still Have Questions?
Contact Us