We want to take a moment to introduce you to Cross-County Mortgage's Debt-Service-Coverage-Ratio (DSCR) program and share a recent success story involving some of their clients. CCM is a preferred lending partner of mine. This program is for investment properties only and allows borrowers to qualify based on the cash-flow of the property. Several of the DSCR highlights are below.
CCM recently worked with buyers who were under contract to purchase an investment property but had just started a new business, so they were lacking a two year history of self-employment and tax returns. They wouldn't have qualified under most traditional loan programs given these circumstances. However, we were able to approve and close their loan using our DSCR program!
This is another example of The Joe Smith Team finding a way to make a deal work. In this market, it is more important than ever to align yourself with a team that has the tools, knowledge, and experience to help you and your customers close more transactions on time and without issues!
As always, don't hesitate to call/email them with any questions about this or any other of their amazing portfolio of products! And please tell them that Joe Wolvek sent you...:)