Washington DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Washington 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 Washington 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!
Real Investments. Real Results.
Real estate investors in The Evergreen 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 Washington, 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 Washington real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in Washington below:
Single-Family Residence
Tacoma, WA
$283,800 Washington DSCR Rental Loan for a Rate-Term Refinance of a rental property in Tacoma. Recent improvements include new flooring, updated bathrooms, and fresh interior paint. The home offers convenient access to parks, cultural attractions, and the cities of Seattle and Portland.
Duplex
Tacoma, WA
$422,499 Washington DSCR Rental Loan for a Tacoma of a rental property in Tacoma. The property is located in Tacoma’s lively 6th Avenue District, offering a walkable neighborhood with convenient dining, entertainment, and amenities. It’s just half a mile from Highway 16, providing easy access to downtown Tacoma, about one mile southeast.
Duplex
Tacoma, WA
$325,710 Washington DSCR Rental Loan for an Acquisition of a rental property in Tacoma. Recent renovations include a new roof, updated siding, fresh exterior and interior paint, and modern cabinetry and countertops. The property will be utilized as a long-term rental upon acquisition.
Single-Family Residence
Bellevue, WA
$1,226,000 Bellevue DSCR Rental Loan for a Rate-Term Refinance of a rental property in Bellevue. This beautifully renovated property features a modern kitchen, spacious finished lower level, dual garages, and an in-ground pool. It’s also just four miles from downtown Bellevue’s upscale shopping and dining.
Single-Family Residence
Kennewick, WA
$251,250 Washington DSCR Rental Loan for a Cash-Out Refinance of a rental property in Kennewick. This residence is located near the Southridge area, where the Southridge Sports and Events Complex is located, as well as various retail shops, grocery stores, and restaurants.
Single-Family Residence
North Bend, WA
$640,000 Washington DSCR Rental Loan for an Acquisition of a rental property in North Bend. Located just 35 miles southeast of Seattle, this short-term rental is the ideal getaway from the city as the area offers numerous outdoor activities such as hiking, fishing, boutique shopping, and skiing.
Single-Family Residence
Seattle, WA
$1,188,200 Washington DSCR Rental Loan for a Cash-Out Refinance of a rental property in Seattle. This short-term rental has undergone extensive renovations within the past year, including remodeled kitchens and bathrooms, and a complete exterior remodeling of the detached garage behind the property.
Single-Family Residence
Leavenworth, WA
$400,000 Washington DSCR Rental Loan for a Cash-Out Refinance of a rental property in Leavenworth. This short-term rental is located in the Cascade Mountains and known for being a Bavarian-inspired haven attracting tourists year round.
Quadruplex
Airway Heights, WA
$511,875 Washington DSCR Rental Loan for a Cash-Out Refinance of a rental property in Airway Heights. Conveniently located about 10 minutes from the Spokane International Airport and 20 minutes from Downtown, it boasts its central location between national parks, all of which are drivable for a day trip. The most popular attractions in the area are the two casinos and the Spokane County Raceway Park, which has occasional Monster truck shows and stock car races.
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