Visio Lending
We are delighted to introduce our esteemed affiliate, Visio Lending, a leading provider of Debt Service Coverage Ratio (DSCR) loans tailored for real estate investors. With over 15 years of experience, Visio Lending has originated $3.3 billion in loans across 38+ states and Washington, D.C., earning an A+ rating from the Better Business Bureau.
Why Choose Visio Lending for Your DSCR Loan?
Investor-Centric Approach: Visio Lending specializes in financing single-family residential rental properties, including vacation rentals, offering loan programs designed to meet the unique needs of real estate investors.
Streamlined Qualification Process: Their DSCR loans do not require personal income verification, tax returns, or employment history, focusing instead on the property's cash flow to determine eligibility.
Flexible Loan Terms: Borrowers can take advantage of full 30-year terms with no balloon payments, and options for interest-only loans, rate buy-downs, prepayment penalty buy-downs, and various rate structures to tailor the loan to their investment strategy.
Loan Details:
Loan Amounts: Visio Lending offers loan amounts ranging from $75,000 to $2 million, accommodating various investment sizes.
Credit Score: A minimum credit score of 680 is generally required, though some programs may accept lower scores.
Debt Service Coverage Ratio (DSCR): Lenders typically look for a DSCR of 1.00 or higher, indicating that the property's income covers its debt obligations.
Understanding DSCR:
The Debt Service Coverage Ratio is calculated by dividing the property's rental income by its debt obligations, including principal, interest, taxes, insurance, and association dues (PITIA). A DSCR above 1 indicates that the property generates sufficient income to cover its debts, making it a crucial metric for lenders and investors.
Take the Next Step:
Embark on your investment journey with confidence by partnering with Visio Lending. Visit their website to learn more and apply for a DSCR loan that aligns with your investment objectives.
