What Are DSCR Loans?

DSCR (Debt Service Coverage Ratio) loans are designed specifically for real estate investors who want to qualify based on property cash flow rather than personal income. Instead of reviewing traditional tax returns or employment documents, lenders assess the property’s ability to generate enough rental income to cover its expenses and mortgage payments. At Richard Thomas Ellis – Pilgrim Mortgage, we make this process straightforward by analyzing your property’s potential and structuring a loan that supports your investment goals without the hassle of complex income verification.
Contact Us

Income-Free Qualification for Investors

One of the standout features of DSCR loans is that they allow investors to qualify purely based on the property’s performance — not the borrower’s personal financials. This is especially beneficial for self-employed investors, portfolio owners, or those managing multiple rental properties. Our team specializes in DSCR lending, ensuring that each loan is tailored to your property’s financial metrics, allowing you to grow your real estate portfolio efficiently and confidently.
Explore More

Perfect for Expanding Property Portfolios

Whether you’re acquiring your first rental property or expanding into multiple markets, DSCR loans provide the flexibility you need. By removing income-based restrictions, these loans open opportunities for investors to qualify for additional properties faster. At Richard Thomas Ellis – Pilgrim Mortgage, we understand the dynamics of real estate investing. We work strategically to align your financing with your long-term growth strategy, making it easier to scale your holdings and increase passive income.
Explore More

Benefits of DSCR Loans

_______

No Income Verification – Approval is based solely on property cash flow, not personal income.

_______

Ideal for Self-Employed Borrowers – Simplifies financing for investors without W-2 income.

_______

Expand Property Portfolios – Easily qualify for multiple investment properties.

_______

Fast and Efficient Closings – Streamlined process helps you close deals quickly.
get personalized Loan options

Flexible Loan Structures and Terms

DSCR loans come with versatile financing options, including both fixed-rate and adjustable-rate programs. This allows investors to choose repayment terms that best suit their financial plan and cash flow projections. We help you analyze interest rates, payment schedules, and property ROI to determine the most effective structure, ensuring your investment continues to generate positive returns over time.
Explore More

Why Choose Us – Your Trusted Partner in Home Financing

At Richard Thomas Ellis – Pilgrim Mortgage, we believe that finding the perfect mortgage is about more than just interest rates — it’s about trust, transparency, and a partnership built around your goals. Our mission is to make every client feel informed, empowered, and confident throughout the home financing journey.

With years of experience and a deep understanding of the mortgage industry, we take pride in offering personalized guidance and unmatched customer care. Whether you’re a first-time homebuyer or a seasoned investor, we take the time to listen, assess your unique situation, and craft a loan solution that fits your needs perfectly.

We are known for

Personalized Service: We take the time to understand your goals and create mortgage solutions tailored to your unique financial situation.

Transparency & Trust: Clear communication and honest guidance are at the heart of everything we do—no hidden surprises.

Fast & Smooth Closings: Our streamlined process and dedicated support team help you close on time with confidence and ease.

Extensive Loan Options: From FHA and VA to Jumbo and HELOCs, we offer a wide variety of programs to meet every borrower’s needs.

talk to a loan specialist

Why Choose Rapid Closing?

Choosing the right mortgage partner can make all the difference in your homeownership journey. At Rapid Closing, we combine speed, expertise, and personalized care to deliver financing solutions that are tailored to your goals. Whether you’re a first-time home buyer, refinancing, or exploring specialized programs, our team is dedicated to making the process smooth, transparent, and stress-free. With Rapid Closing, you’re not just getting a loan—you’re gaining a trusted partner who stands by you every step of the way.

We are known for

Fast & Reliable Closings – Streamlined processes that save you time and stress.

Wide Range of Loan Programs – From FHA and VA to DSCR, Jumbo, and USDA loans.

Personalized Guidance – Clear, step-by-step support with dedicated loan specialists.

Flexible Solutions – Options designed for first-time buyers, investors, and unique situations.

talk to a loan specialist

"FAQs"

At Richard Thomas Ellis – Pilgrim Mortgage, we provide a wide range of loan programs to meet every borrower’s needs. These include VA, FHA, Conventional, Jumbo, DSCR, Bank Statement, Hard Money, HELOCs, Fix and Flip, Down Payment Assistance, First-Time Home Buyer, and Purchase Loans. Whether you’re buying your first home, investing in property, or refinancing, we have a loan option that fits your goals.

Our team takes a personalized approach to understanding your financial situation, credit profile, and long-term objectives. We’ll review your goals, explain the differences between programs, and help you choose the loan that provides the best benefits — whether it’s a low down payment, flexible credit requirements, or the lowest interest rate available.

While requirements may vary based on the loan type, most applications require proof of income, recent bank statements, identification, employment verification, and details about your assets or debts. Don’t worry — we make this process simple by providing a clear checklist and helping you gather everything needed to move forward smoothly.

The timeline can vary depending on your loan type and financial situation, but on average, the mortgage process takes about 30 to 45 days from application to closing. At Pilgrim Mortgage, we use efficient digital tools and proactive communication to ensure your loan moves quickly and without delays.

Yes — and it’s highly recommended! Getting pre-approved gives you a clear idea of how much you can afford and strengthens your position when making an offer. Our pre-approval process is quick, easy, and designed to give you confidence while searching for your dream home.

Streamlined Approval and Fast Funding

Unlike traditional mortgages, DSCR loans feature a faster and more efficient approval process since they focus solely on property performance. This makes them ideal for competitive markets where timing can determine success. Our streamlined process at Richard Thomas Ellis – Pilgrim Mortgage ensures minimal paperwork and quick funding, allowing you to seize opportunities and close deals before your competitors.