We are a main lender for numerous rental properties, whether it is one or multiple-we have solutions.
Talk to one of our expert mortgage loan originators to get more information.
Getting a mortgage for a rental property, also called a non-owner-occupied loan, isn’t much different from getting a mortgage for a primary residence. In most cases, you’ll use a Fannie Mae or an In-House loan for an investment property, and it will be either a fixed-rate or an adjustable-rate mortgage.
The debt-service coverage ratio (DSCR) is a measure of the cash flow available to pay current debt obligations. DSCR is used to analyze firms, projects, or individual borrowers. The minimum DSCR that a lender demands depends on macroeconomic conditions. KeySavings Bank offers a rental property loan based on the DSCR of the rental property.