Gatlinburg Cabins Sold Here

DSCR Loans

DSCR LOANS To Buy or Build Your Cabin in Smoky Mountains

What is a DSCR Loan

DSCR Loans

A  DSCR Loan is an investor loan.   The most common one is used to purchase overnight investment property in smoky mountain Tennessee.   DSCR Loans typically require 20 percent down.   The credit score needs to above 700.   The basis for the loan is the cash flow from the Tennessee mountain cabin covers the loan payments. Debt to income ratio is not a factor. This is a link to Elizabeth Gibson's  webpage at Supreme Lending.   Elizabeth Gibson 
This is link to Angel Oak.  It explains DSCR (Investor Cash Flow Loans ) for cabins for sale Angel Oak DSCR Program   You need prior experience with Smoky Mountain Cabins. 
 
 
 
Another type of loan is DSCR Loan for construction loan.   This DSCR Loan typically   requires 20 percent down also.   The credit score needs to be above 700.   Debt to income ratio is not a factor.   The basis for the loan is appraised value of completed Tennessee Mountain cabin.   You will need reserves to pay the construction interest.   You will need prior experience in either fix and flip preferred  location in Smoky  mountain cabins or new home construction of mountain cabins Tennessee.   The loan term is one year.  The is the link to the lender, ABL  DSCR Cabin Loans