Pennsylvania DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Pennsylvania 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 Pennsylvania 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!
Pennsylvania Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in the Keystone 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 Pennsylvania, 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 Pennsylvania real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in the Quaker State below:
Single-Family Residence
Williamsport, PA
$135,100 Pennsylvania DSCR Rental Loan for an Acquisition of a rental property in Williamsport. Conveniently located near the Lycoming Mall, this residence is located in an area that offers a variety of shopping, dining, and entertainment options. The property will be used as a long-term rental upon purchase.
Multifamily
Pittsburgh, PA
$825,500 Pennsylvania DSCR Rental Loan for a Cash-Out Refinance of a rental property in Pittsburgh. This five unit multifamily property has been recently renovated. Four of the five units are being utilized as short term rentals.
PUD
East Stroudsburg, PA
$384,000 Pennsylvania DSCR Rental Loan for a Acquisition of a rental property in East Stroudsburg. This recently renovated property is just a walk away from Blue Mountain Lake and will be utilized as a short-term rental.
Single-Family Residence
Philadelphia, PA
$167,844 Pennsylvania DSCR Rental Loan for a Cash-Out Refinance of a rental property in Philadelphia. This property consists of three bedrooms and one bathroom. Built in 1920, the properties kitchen and bathroom have been recently remodeled. Additionally, new HVAC, plumbing, and electrical has been installed.
Single-Family Residence
Philadelphia, PA
$167,844 Pennsylvania DSCR Rental Loan for a Cash-Out Refinance of a rental property in Philadelphia. In the Germantown Morton neighborhood, this property is within walking distance of schools, shopping, and recreation centers.
Triplex
Wilkes Barre, PA
$186,200 Pennsylvania DSCR Rental Loan for a Cash-Out Refinance of a rental property in Wilkes Barre. The home is located in the center of Wilkes Barre, Pennsylvania, across the street from Coal Street Park, and within close proximity to retail amenities, employment opportunities, and schools such as King’s College and Wilkes University. Each unit is currently occupied on a long-term lease.
Single-Family Residence
Wilkes Barre, PA
$117,750 Pennsylvania DSCR Rental Loan for a Cash-Out Refinance of a rental property in Wilkes Barre. Featuring two bedrooms and one bathroom, this home features a porch and a one-car garage. Located in the center of Wilkes Barre, Pennsylvania, it is in close proximity to retail amenities, employment facilities, and schools such as King’s College and Wilkes University.
Duplex
Luzerne, PA
$187,500 Pennsylvania DSCR Rental Loan for a Cash-Out Refinance of a rental property in Wilkes Barre. As one of Pennsylvania’s largest metropolitan statistical areas, Scranton-Wilkes-Barre has a plethora of employment opportunities, educational sites, and retail and recreational amenities.
Triplex
Pittsburgh, PA
$375,000 Pittsburgh DSCR Rental Loan for an Acquisition of a rental property in Pittsburgh. Located ajar to the Alleghany River, it is just a walk away from Pittsburgh Zoo and Aquarium, which is one of only six major zoo and aquarium combinations in the United States. Commonly referred to as a biker’s paradise, there are multiple parks and paths throughout the neighborhood to explore.
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