Oklahoma DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Oklahoma 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 Oklahoma 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!
Oklahoma Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in the Sooner 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 Oklahoma, 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 Oklahoma real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in Oklahoma below:
PUD
Broken Bow, OK
$388,000 Oklahoma DSCR Rental Loan for an Acquisition of a rental property in Broken Bow. This residence features kitchen and bathroom remodels, beautiful wooden flooring throughout, and a cozy gas fireplace in the living room. Situated directly on the Glover River, it offers private access for swimming, kayaking, and fishing.
Single-Family Residence
Ardmore, OK
$107,100 Oklahoma DSCR Rental Loan for a Cash-Out Refinance of a rental property in Ardmore. Located between Dallas, Texas and Oklahoma City, Oklahoma, this property is currently being utilized as a long-term rental.
Single-Family Residence
Ardmore, OK
$137,900 Oklahoma DSCR Rental Loan for a Cash-Out Refinance of a rental property in Ardmore. This traditional-style residence has easy access to roadways, schools, shopping, and the Gold Mountain Casino.
Single-Family Residence
Sand Springs, OK
$108,750 Oklahoma DSCR Rental Loan for a Cash-Out Refinance of a rental property in Sand Springs. The ranch-style home features an open-concept living area which is perfectly connected to the outdoors with easy access to the large backyard and patio through sliding doors. Located in the “Meadow Valley” neighborhood of Sand Springs, Oklahoma, it is within close proximity to all necessary amenities such as schools, retail facilities, and places of employment.
Single-Family Residence
Bixby, OK
$177,595 Oklahoma DSCR Rental Loan for an Acquisition of a rental property in Bixby. This newly constructed 2023 home features three bedrooms and two bathrooms. The luxury vinyl flooring, stone countertops, and white cabinets provide a bright and open layout. Bixby is located just 30 minutes south of Tulsa, Oklahoma, and offers the perfect suburban escape from the city.
Single-Family Residence
Skiatook, OK
$780,000 Oklahoma DSCR Rental Loan for a Cash-Out Refinance on a rental property in Skiatook. The property is a sprawling 12,283 square-foot single-family residence in featuring five bedrooms, four bathrooms, and three half bathrooms. The home is in good condition and features luxurious amenities such as an indoor pool with a sauna room, an indoor theater, a bar, as well as a recently updated kitchen and bathrooms.
Single-Family Residence
Lawton, OK
$176,250 Oklahoma DSCR Short Term Rental Loan for a Cash-Out Refinance on a rental property in Lawton. Industry professionals with many years of experience remodeling homes cash-out on their SFR after completing extensive renovations on the subject property. The borrowers are using proceeds from the DSCR mortgage loan to refinance the existing debt and for rehab on their other investment properties.
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