Washington DSCR Loan Lenders

Below is a list of 22 Lenders that offer dscr loans in Washington. Interest Rates vary on a case-by-case basis but are typically offered from 6% to 15%. In addition, these lenders provide loan amounts from $50,000 and $1,000,000,000.

Bull Venture Capital

Newport Beach,

Loan amounts $150,000 to $1,000,000,000

Terms 1 year, 1.5 years, 2 years

Interest Rates 8.75% - 14.75%

Origination Points 1 - 2%

Loan Type Bridge Loan, Commercial Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan

Property Type 2-4 Units, Cannabis Related, Condo, Mixed use, Multi Family, SFR

Nationwide Mortgage

San Jose,

Loan amounts $200,000 to $5,000,000

Terms 1 year, 1.5 years, 2 years, 3 years, 5 years, 10 years, 15 years, 30 Years

Interest Rates 8% - 12%

Origination Points 1 - 2.5%

Loan Type Bridge Loan, Commercial Loan, Construction Loan, DSCR Loan, Hard Money Loan, Investment property Line of Credit, Rehab Loan, Second Mortgage

Property Type 2-4 Units, Agriculture, Assisted Living, Automotive, Cannabis Related, Condo, Daycare, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Manufactured Home, Medical Office, Mixed use, Mobile Home Park, Modular Home, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior, SFR, Shopping Center, Skilled Nursing, Special-Use, Strip Center, Warehouse

NMLS ID 32417

License Number CA DRE 01247594, FL Mtg Brkr #MBR2347, WA Mtg Brkr #MB-32417

Constructive Capital

Loan amounts $55,000 to $2,500,000

Terms 30 years

Interest Rates 6.75%

Loan Type Bridge Loan, Construction Loan, DSCR Loan, Investment property Line of Credit, Rehab Loan

Property Type 2-4 Units, Condo, Mixed use, Multi Family, SFR

Rodeo Lending

Los Angeles,

Loan amounts $250,000 to $10,000,000

Terms 3 years

Interest Rates 10% - 11%

Origination Points 1.5 - 2%

Loan Type Bridge Loan, Construction Loan, DSCR Loan, Private Money, Rehab Loan

Property Type 2-4 Units, Assisted Living, Hospitality, Industrial, Medical Offices, Mixed use, Multi Family, Retail, Self-Storage, Senior, SFR, Strip Centers

Kiavi

San Francisco,

Loan amounts $75,000 to $2,000,000

Terms 1 year, 1.5 years, 2 years, 5 years, 7 years, 30 years

Interest Rates 6.75% - 11%

Origination Points 1 - 3%

Loan Type Bridge Loan, DSCR Loan, Hard Money Loan, Rental Portfolio

Property Type SFR

Rehab Financial Group

Rosemont,

Loan amounts $50,000 to $1,000,000

Terms 1 year

Origination Points 2

Loan Type Construction Loan, DSCR Loan, Rehab Loan

Property Type 2-4 Units, Mixed use, Multi Family, SFR

Asset Based Lending

Hoboken,

Loan amounts $75,000 to $3,500,000

Terms 1 year

Interest Rates 6.75% - 15%

Origination Points 2%

Loan Type Bridge Loan, Commercial Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan, Second Mortgage

Property Type 2-4 Units, Land Entitled, Mixed use, SFR

Foundation Commercial Real Estate Funding

Seal Beach,

Loan amounts $75,000 to $50,000,000

Terms 30 years

Interest Rates 6.75% - 12%

Origination Points 1 - 3%

Loan Type Bridge Loan, Commercial Loan, DSCR Loan, Hard Money Loan, Rehab Loan

Property Type 2-4 Units, Mixed use, Multi Family, SFR

Visio Lending

Austin,

Loan amounts $100,000 to $5,000,000

Terms 30 years

Interest Rates 7.25% - 14%

Origination Points 4%

Loan Type Commercial Loan, DSCR Loan, Hard Money Loan

Property Type 2-4 Units, Retail, SFR

NMLS ID 1935590

Sharestates

Great Neck,

Loan amounts $100,000 to $3,500,000

Terms 30 yrs

Origination Points 1

Loan Type Bridge Loan, Commercial Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan

Property Type 2-4 Units, Mixed use, Multi Family, SFR

A 5-Step Guide to Getting a DSCR Loan for Your Investment Property in Washington

One type of loan that is particularly advantageous for investment properties is a Debt Service Coverage Ratio (DSCR) loan from lenders in Washington State. Here is a step-by-step guide on how to successfully apply for a DSCR loan in the state of Washington.

1. Do your Research

Before you begin the process of applying for a loan, it’s essential that you know what you are getting yourself into. Read up on as much information about investment properties and DSCR loans that you can until you feel confident to make informed decisions throughout the process.

2. Understand What a DSCR Ratio is

The Debt Service Coverage Ratio (DSCR) is one of the most important metrics used by lenders when assessing a potential loan applicant’s ability to pay back debt. It often helps the lender determine the A higher DSCR means that the borrower’s income is sufficient and they are considered likely to repay the loan.

3. Calculate the Potential DSCR Ratio

Calculating your debt service coverage ratio (DSCR) of the potential loan you are getting is one of the most important first steps to understanding how to get a good DSCR loan for your investment property in Washington. Take the interest and loan amount and plug it into a mortgage calculator online to find your Mortgage payment for the loan. Then calculate the DSCR ratio of the potential loan with the following formula: (Rental Income / Mortgage Payment for the loan + Tax + Insurance + HOA fees if applicable). Make sure you have accurate estimates for all of these figures. If this figure it above 1, then you are generally in the clear. If this figure is below 1, then it indicates to lenders that you may have more difficulties repaying the loan.

4. Search for DSCR Lenders on This Page

All of the lenders on this page offer DSCR loans. Take some time to shop around and find one that offers competitive rates and terms best suited for your needs and goals as an investor.

5. Apply for the Loan and Negotiate Terms

Many lenders are willing to negotiate terms that are more favorable to borrowers. Make sure you ask around and don’t settle for less than what you feel comfortable with or what is best suited for your needs before signing off on closing documents and closing out the deal!