Idaho DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Idaho 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 Idaho DSCR loan in a quick, efficient and easy process. Click the button below and get started today!
Need a DSCR Loan in Idaho?
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!
Idaho Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in the Gem 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 Idaho, 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 Idaho real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in Idaho below:
Single-Family Residence
Sandpoint, ID
$577,500 Idaho DSCR Rental Loan for a Rate-Term Refinance of a rental property in Sandpoint. Schweitzer Mountain Resort, just one mile away, offers world-class skiing, snowboarding, and hiking, making it a dream destination for outdoor enthusiasts. The scenic Lake Pend Oreille, seven miles to the south, provides excellent opportunities for boating, fishing, and breathtaking views.
Single-Family Residence
Rupert, ID
$240,000 Idaho DSCR Rental Loan for a Rate-Term Refinance of a rental property in Rupert. This property is currently occupied on a long-term lease, featuring modern finishes in the kitchen that include custom cabinets, quartz counters, and a large island which highlights mosaic tiling.
Single-Family Residence
Rupert, ID
$240,000 Idaho DSCR Rental Loan for a Rate-Term Refinance of a rental property in Rupert. This property is located in the southern part of Idaho, slightly east of Twin Falls. This town features a quaint historic downtown area and several State Parks within close proximity.
Single-Family Residence
Hope, ID
$412,750 Idaho DSCR Rental Loan for an Acquisition of a rental property in Hope. Visitors will have access to the beautiful scenery and activities that Hope has to offer, including the David Thompson State Wildlife Preserve, the marinas neighboring the property, and the various camping grounds found only minutes away.
Cash-Out Refinance
Driggs, ID
Experienced investors cash-out on their short term rental near Grand Teton National Park.
Single Family Rental
Island Park, ID
Partners cash-out on a STR after purchasing 3 months prior, the ninth investment property in their portfolio
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.