Delaware DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Delaware 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 Delaware DSCR loan in a quick, efficient and easy process. Click the button below and get started today!
Need a DSCR Loan in Delaware?
Got any questions?
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!
Delaware Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in the First 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 Delaware, 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 Delaware real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in the Blue Hen State below:
Single-Family Residence
Bethany Beach, DE
$650,000 Delaware DSCR Rental Loan for a Cash-Out Refinance of a rental property in Bethany Beach. This newly built residence is just a couple of blocks from pristine sandy shores and offers stunning Atlantic Ocean views. Located one mile from the bustling Bethany Beach Boardwalk, it provides excellent access to shopping, dining, and is currently thriving as a short-term rental.
Single-Family Residence
Middletown, DE
$198,750 Delaware DSCR Rental Loan for a Cash-Out Refinance in Middletown. The property offers convenient access to Route 301, connecting locals to Delaware and nearby states like Maryland. Just two miles away, Middletown Village Shopping Center provides a variety of grocery stores, dining options, and retail shops for all daily needs.
Single-Family Residence
Rehoboth Beach, DE
$378,000 Delaware DSCR Rental Loan for a Rate-Term Refinance of a rental property in Rehoboth Beach. Located less than a mile from the beach, the residence offers immediate access to a mix of relaxation, recreation, and cultural activities.
Single-Family Residence
Bethany Beach, DE
$555,000 Delaware DSCR Rental Loan for a Cash-Out Refinance in Bethany Beach. Bethany Beach is a coastal town located on the Atlantic Ocean and features a boardwalk, motels, restaurants, and typical amenities of a beach town. After recent renovations, this property is currently utilized as a short term rental.
Single-Family Residence
Wilmington, DE
$140,000 Delaware DSCR Rental Loan for a Rate-Term Refinance of a rental property in Wilmington. This townhouse-style residence features three bedrooms and one bathroom and is currently being used as a long-term rental.
Single-Family Residence
Wilmington, DE
$144,000 Delaware DSCR Rental Loan for a Rate-Term Refinance of a rental property in Wilmington. Located in the heart of Wilmington, this property has easy access to major employment, public transportation, entertainment, restaurants, parks, and even a zoo. Wilmington is known as the most populous city in Delaware, a state with business-friendly financial laws that have made it attractive for corporations.
Apply Today
Take the next step in your investment journey with a trusted, reliable lender that has your best interest in mind. Get in touch or request a quote today.