Clear Next Steps
DSCR Loan Process for Rental Property Investors
Understand what happens from the first scenario review through underwriting, final approval, and closing coordination.
Submit online for specialist review and pricing follow-up.
1
Submit the scenario
Share the loan purpose, property use, address, price or value, requested loan amount, rent, expenses, credit range, reserves, vesting, and timing.
2
Property and rent review
The Deal Desk reviews the supported rent, estimated qualifying property payment, requested leverage, property type, location, and transaction objective.
3
Review the available path
A specialist identifies the documentation and program path that may fit the property, credit, leverage, reserves, state, vesting, and investor requirements.
4
Application and entity documents
Complete the lender application and provide approved borrower, guarantor, entity, property, insurance, rent, asset, and transaction documentation.
5
Appraisal, title, and insurance
Property valuation, rent support, title, insurance, payoff, and closing-party information are reviewed as required for the transaction.
6
Underwriting and conditions
The lender evaluates the complete file and may issue conditions for additional documentation, explanations, property items, title, insurance, or closing requirements.
7
Final approval and closing preparation
After required conditions are cleared, the lender confirms final approval and coordinates approved closing figures and documents with the appropriate parties.
8
Closing coordination
Title, escrow, settlement, lender, borrower, and other approved parties coordinate signing and funding after all final requirements are satisfied.
What to prepare for the first review
- Property address, type, occupancy, and loan purpose
- Purchase price or estimated value and requested loan amount
- Current, projected, or supported market rent
- Estimated taxes, insurance, association dues, and other property obligations
- Credit range, reserve range, investor experience, and proposed vesting
- Current payoff and requested proceeds for refinance scenarios
Submitting a scenario is not an approval, commitment to lend, rate lock, or guarantee of terms or closing timing. Final eligibility and terms are determined by FFC Mortgage Corp. dba NonQM123 after complete review.