DSCR Loans for Short-Term Rentals with VP Capital Lending | |
VP Capital Lending offers DSCR (Debt Service Coverage Ratio) loans tailored specifically for short-term rental properties, such as those listed on platforms like Airbnb or VRBO. These loans consider the rental income generated by the property when assessing the borrower's ability to repay the loan, rather than solely relying on personal income or credit score. The Debt Service Coverage Ratio measures the property's ability to cover its debt obligations, including the loan repayment, property taxes, and insurance, using its rental income. DSCR loans are typically used by investors or property owners looking to purchase or refinance short-term rental properties and require documentation of rental income and expenses. They offer flexibility and may have higher interest rates or shorter terms compared to traditional mortgages. Investors interested in financing short-term rental properties should explore DSCR loans as a viable option with VP Capital Lending. | |
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Target State: South Carolina Target City : Columbia Last Update : Apr 19, 2024 7:13 PM Number of Views: 68 | Item Owner : VP Capital Lending Contact Email: Contact Phone: 8034851080 |
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