Indiana DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Indiana 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 Indiana 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!
Indiana Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in The Hoosier 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 Indiana, 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 Indiana real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in Indiana below:
Single-Family Residence
Indianapolis, IN
$312,000 Indiana DSCR Rental Loan for an Acquisition of a rental property in Indianapolis. This residence is ideally situated in a vibrant and growing neighborhood known for its historic charm and rapid revitalization, making it a highly sought-after area for both new residents and investors.
Single-Family Residence
Michigan City, IN
$242,900 Indiana DSCR Rental Loan for a Cash-Out Refinance of a rental property in Michigan City. This property’s proximity to the clear beaches of Lake Michigan make it a desirable destination, combining the benefits of natural beauty, recreational opportunities, and a high quality of life.
Single-Family Residence
South Bend, IN
$200,000 Indiana DSCR Rental Loan for an Acquisition of a rental property in South Bend. This residence is located in a suburban neighborhood proximate to the University of Notre Dame campus, several hiking trails, Potato Creek State Park, and a bustling downtown scene, all within five miles of the property.
Single-Family Residence
Monticello, IN
$236,250 Indiana DSCR Rental Loan for an Acquisition of a rental property in Monticello. Monticello is known as a popular tourist destination in north-central Indiana. This property features original oak floors throughout and a cedar exterior that adds to the rustic feel of the property.
Single-Family Residence
Aurora, IN
$252,000 Indiana DSCR Rental Loan for an Acquisition of a rental property in Aurora. Located at the border between Indiana and Kentucky, this home enjoys close proximity to the Ohio River, offering a beautiful scenery to visitors as well as riverside activities.
Quadruplex
Indianapolis, IN
$172,500 Indiana DSCR Rental Loan for an Acquisition of a rental property in Indianapolis. This multi-family property is located between the Near Eastside and Christian Park neighborhoods of central Indianapolis, benefitting from being in close proximity to all the amenities of a large city like Indianapolis.
Quadruplex
Indianapolis, IN
$187,500 Indiana DSCR Rental Loan for an Acquisition of a rental property in Indianapolis. This quadruplex is located in a commuter-friendly city, well-known as a center of several major interstates. It will continue its current use as a long-term rental upon acquisition.
Single-Family Residence
Indianapolis, IN
$103,200 Indiana DSCR Rental Loan for a Cash-Out Refinance of a rental property in Indianapolis. This cozy 1920s home showcases natural stone flooring in the kitchen and an open living area with a fireplace. A large enclosed front patio allows for the perfect spot to escape the Indiana cold.
Quadruplex
Jeffersonville, IN
$607,500 Indiana DSCR Rental Loan for an Acquisition of a rental property in Jeffersonville. Jeffersonville, Indiana, is located on the other side of the Ohio River from Louisville, Kentucky. Louisville is home to the Kentucky Derby and is a big attraction for baseball fans as they can visit the Louisville Slugger Factory where major lease baseball bats are produced.
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