A&D Mortgage is excited to announce that they are now accepting short-term rental income for debt service coverage ratio (DSCR) loans. This new policy allows mortgage brokers to gain access to higher DSCR ratios and better loan-to-value (LTV) ratios of up to 80%, allowing their clients more favorable terms on loan applications. This comes as part of a larger effort by A&D Mortgage to provide industry-leading policies and services – making mortgage loans simpler, faster, and more accessible than ever before!
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Get StartedHighlights:
- When calculating gross income for a short-term rent, 75% of the 12-month average rental income or 1007 can be considered.
- Alternatively, if no actual rent is available, one can use 75% of AirDNA rentalizer values at the underwriter’s discretion.
- Borrowers must sign a short-term rental addendum. The same applies for compliance with state and county regulations for short-term rentals.
- Short-term rental is illegal in Texas
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A&D Mortgage offers a full suite of products to meet your clients’ needs. This includes DSCR loans, bank statement loans, and conventional loans. As a trusted mortgage lender, we provide flexible solutions and competitive rates. This way, you can deliver the best options for your borrowers.
Explore our exclusive broker package and benefit from partnering with A&D Mortgage today. Plus, use our loan calculator for instant quotes and pricing on any product. Become a partner and access the best tools to grow your business.
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