Debt Service Coverage Ratio Loan
The advantages of getting a DSCR Loan with NASB:
- No personal income required
- Down payments as low as 20%
- All underwriting is done in-house
- 700 minimum credit score; $175,000 minimum loan amount*
Use a DSCR loan to purchase investment property.
If you want to purchase an investment property without using your income to qualify, a DSCR mortgage from NASB may be the solution. To determine eligibility, we look at your debt service coverage ratio. As a DSCR loan lender, NASB offers reasonable rates, in-house underwriting, and a down payment as low as 20%, depending on your credit score and DSCR1. You can choose from a short-term rental DSCR loan or a long-term rental DSCR loan.
A DSCR Loan can be ideal for:
- Real estate investors
- Buyers of short-term or long-term rental properties
- Borrowers seeking income-based property qualification
- Self-employed or non-W2 earners investing in real estate
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Can’t Find What You Need?
NASB offers additional non-QM loan products that may better suit your unique situation. Speak with one of our knowledgeable loan officers to discuss your unique circumstances and explore the mortgage solutions that best suit your needs.
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| Loan Type1 | Who is it For? | Minimum Credit Score | Minimum Loan Amount | Minimum Down Payment |
|---|---|---|---|---|
Bank Statement Loan Uses bank statements (not tax docs) to verify income. | Self‑employed borrowers, business owners, or independent contractors | 700 | $175,000 | 10% with mortgage insurance* |
1099 Loan Uses 1099 income instead of traditional income docs. | Independent contractors, freelancers, and gig workers | 700 | $175,000 | 20%* |
Asset Depletion Loan Uses assets (not income) to qualify for a mortgage. | High-net-worth borrowers or retirees using liquid assets to qualify | 700 | $175,000 | 20%* |
Jumbo Loan For higher loan amounts or loans that don't meet standard guidelines. | Borrowers with home purchases above the conforming limit | 720 | $805,501 | 20% |
Credit Event Loan Looks at complete financial picture to secure a loan after a credit setback. | Individuals looking to secure a loan after a one-time hardship such as bankruptcy or foreclosure | 620 | $175,000 | 30% |
*10% down payment with no mortgage insurance option available with 740 FICO. Talk to a NASB loan officer for more details.
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As seen in:
1Not available in New York state, the Chicago or Baltimore metropolitan areas, and not available in all locations or for all property types. Loans subject to underwriting and eligibility criteria, and other factors. Your loan officer will provide you with more information regarding DSCR loans and what may work best for your situation. Minimum loan amount of $175,000 required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for more details on the specific areas and/or zip codes excluded.
2Additional eligibility criteria for each loan product may exist. Visit nasb.com for more information on each loan product type. Loans are subject to underwriting and eligibility criteria, and other factors. Your loan officer will provide you with more information regarding a specific loan and what may work best for your situation. The 1099 Loan, Bank Statement, and Credit Event Home Loan products are not available in New York, the Chicago or Baltimore metropolitan areas and not in all locations or for all property types. Contact a NASB Loan Officer for more details on product eligibility, specific areas and/or zip codes excluded.