If you are wondering how to qualify for a DSCR Loan, you already know that a DSCR Loan allows you to be eligible for finance based on the projected rental income of your property and not your personal income.
If you have a positive DSCR, it will tell the lenders about the amount the rental income property can pay.
By a positive DSCR, a ration of 1.2 to 1.5.
This means that the income of the property is going to cover the expenses and will also cover the repayments and some amount of money will be extra.
This extra is the reason, a positive DSCR will come and higher the ratio of this positive figure, higher the chances for you to quality for a DSCR Loan.