DSCR Loans - Let the Rent Pay Your Mortgage!
DSCR Rental Loans are a fast growing way for investors to acquire properties without a heavy capital investment. With a DSCR (Debt Service Coverage Ratio) loan, the potential rental serves as proof of debt repayment. Essentially, rental revenue will be enough to cover the mortgage, you'll just be responsible for the down payment.
These loans aren't offered through traditional banks, so a mortgage broker like Wes Bailey Texas Loan Doctor is needed for access to these amazing loans. There are two subsets: Owner Occupied or Investment Property. These loans can be used for 2-8 unit properties and can close in as few as 8 days with very little documentation.
Rental Portfolio Loans - Refinance all your properties and save!
Do you already have rental properties and must pay your mortgage payments to multiple lenders or write separate checks each month? We can roll-up your current mortgages into one easy payment with a Rental Portfolio Loan. Not only will you benefit from the ease of payment, but you'll also be able to redeploy capital tied up in those loans and apply it toward new properties or improvements.
You'll need a minimum of 5 properties worth a total of at least $500,000, but this is a great way to streamline your business. If you're ready to roll all your loans up together and grow your business, then contact us today!
Fix and Flip Loans - Get Cash to Fund your remodel
Have your eye on a fixer-upper but don't want to drain your bank account making the needed improvements? With a Fix and Flip loan, we can provide up to 70% of the expected completed value of the home. So, if the remodel will drastically improve the sale price, then you'll have plenty of capital to complete the project.
These loan do have higher up front costs and rates, but you'll get your money back upon sale. There's no better way to start your real estate business or take your business to the next level. Contact us today to get started or learn more!
Bridge Loans - Purchase With your Current Equity
In a competitive housing market, a contingency will often disqualify your offer. What if you could purchase the home without that "contingency" flag and purchase the home without the down payment?
A Bridge Loan is just what the Doctor ordered! With a bridge loan with Wes Bailey Texas Loan Doctor, you can use your current equity in lieu of a down payment. Then you can purchase a new home without a contingency. Whether you're relocating or buying a new investment property, a Bridge Loan will help you make the best offer with minimal financial risk to you!
