DSCR Loans in New York for Investment Property
I arrange DSCR loans on New York investment property, qualified on the property's rent instead of your tax returns. New York is one of the 38 states I cover. Every New York loan I arrange is a business purpose loan on an investment property, closed in an LLC or corporation.
Investment property only
New York DSCR loans are business purpose loans on investment property and close in an LLC or corporation, not in your personal name. A personal guarantee from the owners is fine. My New York DSCR loans are for 1 to 4 unit investment properties.
I don't arrange loans to individuals in their own name in New York. I don't finance co-ops, and I don't arrange owner occupied, residential or consumer mortgages here, so a purchase or refinance of a home you plan to live in is not something I can do in New York.
If you would rather keep personal income off the application entirely, read about the no income DSCR loan, which is for investment property only.
All loans are subject to credit and underwriting approval. Not all applicants will qualify. Program terms and availability can change. This page is for general education and is not a loan offer or a commitment to make a loan. Travis Penny, NMLS ID #1649161, Senior Mortgage Broker with Vision Mortgage, LLC, NMLS #1286953. Equal Housing Opportunity.
Talk to me about your New York rental
Send me the address, the rent roll and how you plan to hold it, and I'll tell you what I think the numbers support. Not everyone will qualify.
Frequently asked questions
Do you do DSCR loans in New York?
Yes, for investment property only. Every New York DSCR loan I arrange is a business purpose loan closed in an LLC or corporation, and a personal guarantee from the owners is fine.
Can I close a New York DSCR loan in my personal name?
No. I don't arrange New York loans to individuals in their own name. The loan closes in an LLC or corporation.
Can I use a New York DSCR loan for a home I live in?
No. I don't arrange owner occupied, residential or consumer mortgages in New York, including a purchase or refinance of a home you plan to live in.
Do you finance co-ops in New York?
No, I don't finance co-ops.
Not sure which loan fits?
Answer seven quick questions and I'll point you to the right program.
Want a real human to walk you through this?
I'll lay out your options in plain English. No pressure, no scripts.
Average of my loans from submission to clear to close. Not a guarantee; individual timelines vary. Clear to close means underwriting is done. Closing is scheduled after that.