Utah DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Utah 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 Utah 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!
Utah Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in the Beehive 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 Utah, 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 Utah real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in Utah below:
Triplex
Salt Lake City, UT
$400,000 Utah DSCR Rental Loan for a Cash-Out Refinance of a rental property in Salt Lake City. The residence features a cozy fireplace, a porch, and a spacious three-car carport. Its convenient location offers easy access to downtown Salt Lake City, Bountiful, and the shopping and dining options at City Creek Center.
Single-Family Residence
Park City, UT
$1,475,000 Utah DSCR Rental Loan for a Cash-Out Refinance of a rental property in Park City. This short-term rental is ideally located within walking distance of the Historic Main Street, surrounded by top-tier restaurants, boutiques, and art galleries. It’s also just a mile from Park City Mountain Resort and Deer Valley Resort, offering exceptional skiing and year-round outdoor activities.
PUD
Moab, UT
$376,200 Utah DSCR Rental Loan for a Cash-Out Refinance of a rental property in Moab. This modern townhome boasts stylish upgrades like a gas fireplace, custom kitchen cabinets, and recessed lighting, plus the convenience of a second laundry room. Residents can enjoy a range of amenities, including a shared pool, hot tub, and sports courts, with the added benefit of being close to Arches and Canyonlands National Parks, perfect for outdoor enthusiasts.
PUD
Moab, UT
$532,000 Utah DSCR Rental Loan for a Cash-Out Refinance of a rental property in Moab. Features of this property include but are not limited to a spacious uncovered patio, a two-car garage, a shared pool, and two fireplaces. The area is a tourist destination popular partially due to its proximity to two national parks and the Colorado River.
Single-Family Residence
Bluffdale, UT
$1,365,000 Utah DSCR Rental Loan for a Cash-Out Refinance of a rental property in Bluffdale. South of Salt Lake City, sandwiched between Utah Lake and the Great Salt Lake, the property is convenient for commuting to Salt Lake City and has access to all necessary amenities, not to mention the abundance of outdoor activities in the area thanks to the surrounding mountain ranges, and proximity to Utah Lake.
PUD
South Jordan, UT
$399,000 Utah DSCR Rental Loan for a Cash-Out Refinance of a rental property in South Jordan. This property is in close proximity to the Great Salt Lake and state Peak Parks.
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