60+ questions answered

Frequently asked questions

Plain English. No deflection. If the answer isn't here, email viraj@theagentfactory.io and we'll add it.

DSCR basics

Understanding what DSCR is and how it works

What does DSCR stand for and what does it mean?

How is DSCR different from a conventional mortgage?

Is DSCR only for experienced investors?

What is a "business-purpose loan" and why does it matter?

What is PITIA?

Can DSCR loans be used for short-term rentals (Airbnb/VRBO)?

What is a No-Ratio DSCR loan?

Is Vested Nest a direct lender or a broker?

Qualifying

Who qualifies, what you need, and what you don't

What's the minimum DSCR to qualify?

Is an LLC required?

Do I need a minimum credit score?

Do I need to show a lease or rental history?

What reserves are required?

Can I be self-employed and still qualify?

Can I get a DSCR loan on a property I already own?

Is there a limit on how many DSCR loans I can have?

What entity documents do I need?

Rates & terms

Pricing, prepay, and loan structure

How is my DSCR rate determined?

What are current DSCR rates?

How does the prepayment penalty work?

Is interest-only available and how does it affect the rate?

What origination fees should I expect?

What loan amounts are available?

Are there points on top of the origination fee?

Process & timeline

From first address to closed loan

How does the 60-second term sheet actually work?

How accurate is the 60-second quote?

What happens after I submit for pre-qualification?

Do you do a hard credit pull? When?

Can I really close in 14 days? What could delay it?

Can I lock my rate and how long does a rate lock last?

Can I close remotely?

Property types

What types of properties we finance

What property types are eligible for DSCR financing?

Are condos eligible?

Can I finance a new construction property?

What about mixed-use properties?

What states do you fund in?

Can I finance multiple properties under one loan?

Bridge loans

Short-term capital and the DSCR exit

What's the difference between a bridge loan and a DSCR loan?

Can I definitely exit my bridge into Vested Nest's DSCR product?

No prepay penalty after 6 months - what does that mean exactly?

Does Vested Nest do ground-up construction loans?

Is a personal guaranty required on a bridge loan?

How quickly can a bridge loan close?

Foreign nationals

International investors buying U.S. rental properties

Which countries are eligible?

Why does a foreign national need a U.S. LLC?

Do I need an ITIN to get a DSCR loan as a foreign national?

Can I use a foreign trust or offshore holding company instead of a U.S. LLC?

Can I close the loan without visiting the U.S.?

Do I need a U.S. bank account to close?

How long does a foreign national DSCR loan take to close?

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