Texas DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Texas 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 Texas 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!
Texas Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in the Lone Star 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 Texas, 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 Texas real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in the Lone Star State below:
Single-Family Residence
Austin, TX
$1,999,999 Texas DSCR Rental Loan for a Cash-Out Refinance of a rental property in Austin. This stunning short-term rental features a new pickleball court, a covered fire pit, and a converted recreational area. Located just a mile from Lake Austin, it offers access to boating, fishing, and beautiful waterfront views.
PUD
San Antonio, TX
$225,000 Texas DSCR Rental Loan for a Cash-Out Refinance of a rental property in San Antonio. This residence, situated just 25 miles northwest of downtown San Antonio, strikes an ideal balance between suburban tranquility and urban accessibility. With proximity to Loop 1604, it offers quick connections to various neighborhoods, job centers, and local amenities.
Single-Family Residence
Austin, TX
$551,200 Texas DSCR Rental Loan for an Acquisition of a rental property in Austin. The residence is conveniently located three miles south of downtown Austin, offering quick access to I-35, the city’s main highway leading to popular attractions like Lady Bird Lake, Zilker Park, and the Texas State Capital. Upon acquisition, the property will be utilized as a short-term rental.
PUD
Canyon Lake, TX
$740,000 Texas DSCR Rental Loan for an Acquisition of a rental property in Canyon Lake. This waterfront property features resort-style living with a custom pool, outdoor kitchen, outdoor shower, and covered patios overlooking the water. Upon acquisition, this property will be utilized as a short-term rental property.
Single-Family Residence
Kingsland, TX
$1,125,600 Texas DSCR Rental Loan for a Rate-Term Refinance of a rental property in Kingsland. Located on the Colorado River, this property is currently utilized as a short-term rental. Some recent renovations include, a full kitchen and bath remodel, new cabinetry, counter tops, appliances, and flooring.
Single-Family Residence
Houston, TX
$166,500 Texas DSCR Rental Loan for a Rate-Term Refinance of a rental property in Houston. The property features a recently updated kitchen and bathrooms as well as new paint, drywall, new electrical, new plumbing, new HVAC, new flooring, and more. Located in Southeast Houston, the prime location provides access to an abundance of employment, recreational, and retail opportunities.
Single-Family Residence
Dallas, TX
$675,000 Texas DSCR Rental Loan for a Cash-Out Refinance of a rental property in Dallas. This modern ranch features an open floor concept with a large chef-style kitchen. Located just north of downtown Dallas, this property is currently being used as a long-term rental.
Single-Family Residence
Austin, TX
$310,000 Texas DSCR Rental Loan for a Cash-Out Refinance of a rental property in Austin. Known as the Live Music Capital of the World Austin boasts a thriving music, arts, and cultural scene.
Single-Family Residence
McKinney, TX
$302,500 Texas DSCR Rental Loan for a Rate-Term Refinance of a rental property in McKinney. The new granite countertops, tile backsplash, flooring, and fresh paint make this a pleasing home for tenants, along with the suburban commodities that surround the neighborhood. There are plenty of nearby retail amenities, employment facilities, and schools while also being only minutes away from McKinney’s downtown.
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