How it works
Securing your DSCR (Debt Service Coverage Ratio) investment loan is a streamlined process designed for efficiency and clarity. Our dedicated team guides you through each step, ensuring a smooth path from initial quote to closing.
How It Works: A Step-by-Step Guide
1. Request Your Quote and Select Your Loan:
The journey begins by requesting a quote on our website. Once your quote request has been submitted, we will get back to you with options for review. Select the best fit and FastTrack DSCR will formally initiate your file with the corresponding lender.
2. Appraisal and Documentation:
The next step is to secure the property appraisal, for which you will make the payment. Concurrently, FastTrack DSCR staff will work with you to collect all necessary documentation required for your file.
3. Review and Underwriting:
Upon receipt of the appraisal report, it undergoes a thorough review by the lender and, in some cases, a third-party reviewer. With all documents submitted, your file moves into the underwriting phase. This critical step is completed quickly, typically taking 1 to 2 days for single-asset loans and 2 to 4 days for portfolio loans.
4. Closing and Funding:
Once underwriting is cleared, we finalize the title work and schedule your closing date.