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Mortgage glossary
DSCR Loan
A loan often used for investment property. The lender compares the property's qualifying rental income with the debt payment or other expenses defined by the program. The formula, documents, minimum ratio, and personal credit requirements vary.
In plain language
This term may appear in conversations, forms, or documents during the mortgage process. If something important changes in your situation, ask how it may affect your case before making a decision.
This explanation is general and educational. It is not personalized advice, a loan offer, or a promise of approval.