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Short-Term & Long-Term Rental Loans

We have options for all your short-term and long-term hold properties. Cash-Out, Purchase, Portfolio, Refinance, you name it we have you covered

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How DSCR Loans Works

DSCR is short for (Debt Service Coverage Ratio). That means, these loans are based off your credit score and the property. If your monthly payment is $1,000 a month for PITI, then your projected or actual rent would have to be $1,200 for a 1.2% DSCR. Watch this video and get with our team to customize something for you. 

  • SFR, 2-4 Units, Condo, Townhouse, Mixed Use, PUD
  • Short-term rentals (Airbnb/VRBO) – with approved Short-term rental experience
  • Loans up to 80% on purchase and cash-out - with approved experience
  • US Residents & Foreign Nationals – with U.S. Entity in Good Standing
  • Single property and portfolio loan options
  • Min Loan $75k | Min As Is $100k
  • Min FICO 660
  • NO RURAL PROPERTIES
  • 1st Lien Position Only
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The Services We Provide

Leadership

Communication

We will walk you through every step of the way. You will get emails and texts on the progress of your loan and what you need to close with a dedicated Team just for your deal.

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Fast Evaluations

Your Jet Team will evaluate your projections and make sure you are in line with the market before you order appraisal within 24 hours.

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Fast Closings

We will close your deal within 3 days of clear to close from Title and appraisal report review.

Money

Benefits

The speed of capital is is more important than the cost of capital. Let us make sure we can fund your deal fast and also make sure you are making the profits you expect. 

Helpful Videos and Always Check Out our Education Page for All Our Educational Content

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How Buying, Fixing, & Holding Rentals Works

Short-Term or Long-Term Rents, you can use this to calculate what you need to be successful when you are leveraging to gain more rentals.
 
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This is a Comp... Right? How to Comp Investment Real Estate

Jet Lending SRVP Alex Buriak is going to go over how to Comp Real Estate. Is this 1932 house like this 2018 house... This flooded... is that ok? Its on a busy street... thats ok right? Let's see how to look at value together. 

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How to Calculate Value with LTV, Net Income, and DSCR

Alex goes over a quick video on how to use LTV, Net Income, and DSCR to calculate the value your rental properties need to be when coming up with numbers.

 

Frequently Asked Questions on Short-Term & Long-Term DSCR Loans

DSCR stands for Debt Service Coverage Ratio. It is the ratio between your mortgage payment and your projected or actual rent. As an example, if your mortgage (PITIA) was $1,000 a month and your rent was $1,200 a month you would have an effective DSCR Ratio at 1.2% which is the ratio between the rent and the mortgage payment. We can do loans as low as a 1.0% DSCR but know lower DSCR higher rate in most cases due to the risk.

Yes, most 30 year terms are not serviced or held by the lender in which originated the loan. Most are sold off to large blocks of securities that service the note. Due to this, most lines will require at least a 650 credit score for any long-term product or at least a 650 on one of the members in the business entity to qualify for the loan.

On a DSCR purchase, the max we can lend is 80% of the as-is or purchase price what ever is less. You have option for 100% financing or cash-out on a property you own and are refinancing either single or portfolio. So on purchases no, on cash-out's and refi's yes.

We will close within 3 days of clear to close from title and appraisal review. Since these loans are backed by different security entities, conditions may arise after appraisal, so be prepared to make sure your insurance, flood insurance, and any conditions are met to ensure a fast and smooth closing. Our team will walk you through this.

No, on your long-term loans, you will need to close in a business entity. Let your team know if you have any issues with this.

For rate and term, you can refi once renovation is complete and no Seasoning is required.  For a cash-out loan, with a mortgage, min 3 month seasoning. If you are cashing-out and own it free and clear, min 6 moths of seasoning. 

If the property or borrower has verifiable short-term rental experience, we can fund 80% purchase and 75% refi. If there is no short-term rental experience, we will need to do a 12 month bridge loan to help you gain experience to then refinance to your 30 year term. You will only need 6 months of experience in the bridge loan to begin your refi process to your 30 year term. 

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Jet Lending

Your Fast and Friendly Asset Based Lender since 2004.

1419 FM 1960 E
Houston, TX 77073

Call/Text (281)872-7800

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