Connecticut DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Connecticut real estate investors. Whether you are acquiring property to expand your portfolio or cashing out your capital in a refinance, we have a loan for you. Our DSCR Lending Program has solutions for anyone – from first-time investors to industry veterans looking to rapidly scale their portfolios. We are confident we can find you a great Connecticut DSCR loan in a quick, efficient and easy process. Click the button below and get started today!
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What is a DSCR Loan?
A DSCR Loan is a mortgage loan for a residential income-producing property. It is primarily based on the “Debt Service Coverage Ratio” or the cash flow of the property, rather than the borrower’s income. A traditional mortgage loan will require income verification, tax returns and a “Debt-to-Income” (DTI) ratio. DSCR Loans require none of these! Perfect for real estate investors ready to scale (no more W2!) or are looking leave behind the hassle, paperwork and headaches of conventional financing, DSCR Loans are quickly becoming the go-to loan option for real estate investors.
For a comprehensive definition, “DSCR Loans are mortgage loans secured by residential real estate turnkey properties strictly used for a business purpose and underwritten primarily based on the property.”
DSCR Loan Definition Breakdown
- Mortgage Loans = form of loan that is secured by collateral, collateral = real estate
- Residential Real Estate = properties used for people to live in vs. commercial, which is used to operate businesses (offices, retail, industrial, hotel, self-storage, etc.). In real estate finance, residential also typically refers to “1-4 unit” properties, anything more would be considered “multifamily”
- Business Purpose = DSCR loans strictly do not allow the owner of the property to live in the property, it must be used for “business” or investment purposes. Includes use of “cash-out proceeds”
- Underwritten = How lender evaluates (and then prices) the risk of the loan
- Primarily Based on Property = Mostly based on property, but also look at sponsor
- Turnkey = property doesn’t require any renovation, “turn the key and go”
Looking to get a deeper understanding of all things DSCR? Check out our DSCR Loans Guide below!
Connecticut Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in The Constitution State are turning to DSCR Loans as a strategic tool to expand and manage their investment property portfolios. DSCR loans allow investors to secure financing based on the property's ability to generate income (rather than an investor's individual credit profile). In a market like Connecticut, where real estate prices have shown steady growth and rental demand remains steady, DSCR loans offer investors a flexible and effective means to acquire new properties, improve existing ones, or refinance their assets. Easy Street Capital is proud to be a leading provider of DSCR loans for Connecticut real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in The Land of Steady Habits below:
Single-Family Residence
Hamden, CT
$186,900 Connecticut DSCR Rental Loan for a Cash-Out Refinance of a rental property in Hamden. The town offers outdoor activities like hiking at Sleeping Giant State Park, along with shopping and dining in downtown and nearby New Haven.
Duplex
New Haven, CT
$225,000 Connecticut DSCR Rental Loan for a Cash-Out Refinance of a rental property in New Haven. This property is currently fully leased out and stands in good condition following renovations to the kitchens, bathrooms, electrical, and plumbing.
Duplex
New Britain, CT
$213,750 Connecticut DSCR Rental Loan for an Acquisition of a rental property in New Britain. This property is located in an active area and there is no shortage of shopping, restaurants, schools, and recreational activities in the surrounding area.
Triplex
New Haven, CT
$330,000 Connecticut DSCR Rental Loan for a Cash-Out Refinance of a rental property in New Haven. Recent renovations of this three-family colonial home include a new roof and hot water heaters as well as significant updates to the kitchens, bathrooms, electrical, and plumbing.
Triplex
Torrington, CT
$247,500 DSCR Rental Loan for a Cash-Out Refinance of a rental property in Torrington. This property is located in the southern portion of Torrington and is currently being used as a long-term rental.
Triplex
New Haven, CT
$248,040 Connecticut DSCR Rental Loan for a Cash-Out Refinance of a rental property in New Haven. This three-family colonial resides in a housing market of New Haven characterized by stable property values and homes selling in less than three months’ time on the market.
Duplex
Bristol, CT
$207,000 Connecticut DSCR Rental Loan for a Cash-Out Refinance of a rental property in Bristol. Bristol finds its place in central Connecticut, specifically in Hartford County, an area characterized by its eclectic mix of homes, featuring diverse styles, sizes, ages, conditions, and market appeal. The neighborhood boasts convenient access to major commuting routes, town services, and various amenities, making it a well-connected and easily accessible location.
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