$1,999,999 to $5,000,000
1 year, 1.5 years, 3 years, 10 years
8% - 10%
Loan Type Bridge Loan, Construction Loan, DSCR Loan, Rehab Loan
Property Type 2-4 Units, Multi Family, SFR
Washington DSCR Loan Lenders
Below is a list of 41 Lenders that offer dscr loans in Washington. Interest Rates vary on a case-by-case basis but are typically offered from 4% to 15%. In addition, these lenders provide loan amounts from $30,000 and $1,000,000,000.
$1,000,000 to $10,000,000
1 year
8% - 13%
Loan Type Construction Loan, DSCR Loan, Rehab Loan
Property Type 2-4 Units, SFR
$150,000 to $10,000,000
1 year
1
Loan Type Bridge Loan, Construction Loan, DSCR Loan, Hard Money Loan
Property Type 2-4 Units, Mixed use, Multi Family, SFR
905781
$250,000 to $10,000,000
1 year, 1.5 years, 3 years, 30 Years
7% - 11%
1 - 10%
Loan Type Bridge Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan
Property Type 2-4 Units, Condo, Industrial, Mixed use, Multi Family, Office, Retail, SFR, Warehouse
$200,000 to $50,000,000
2 years, 3 years, 5 years, 20 year
8% - 14%
2 - 5%
Loan Type Bridge Loan, DSCR Loan, Hard Money Loan, Rehab Loan
Property Type 2-4 Units, Multi Family, SFR
$75,000 to $4,000,000
6 months, 2 years, 20 year, 30 yrs, 18 months
10% - 12%
2 - 3%
Loan Type Bridge Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan
Property Type 2-4 Units, Condo, SFR
$75,000 to $3,000,000
40 Years, 30 years
7.5%
3%
Loan Type Bridge Loan, DSCR Loan, Rehab Loan
Property Type 2-4 Units, SFR
$100,000 to $2,000,000
5 years, 20 year, 30 yrs
6% - 10%
Loan Type Commercial Loan, DSCR Loan
Property Type Industrial, Mixed use, Mobile Home Park, Multi Family, Office, Restaurant, Retail, Self-Storage, Warehouse
$750,000 to $250,000,000
30 yrs
4% - 7%
2 - 3%
Loan Type Bridge Loan, Commercial Loan, DSCR Loan
Property Type 2-4 Units, Assisted Living, Commercial, Hotel, Industrial, Mixed use, Mobile Home Park, Multi Family, Retail, Self-Storage, Warehouse
524995
$100,000 to $6,000,000
2 years
10.5% - 12%
1 - 2%
Loan Type Bridge 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!