New Hampshire DSCR Loans

Bucolic New Hampshire has long been known as an athlete's paradise, with its tiny towns and sweeping vistas that draw locals and tourists alike. Short-term rental property is trendy here thanks to the many visitors coming to refresh themselves from the big cities, but there is also plenty of long-term rental income to be had.

If you'd like to take advantage of this small state's big charms, Visio Lending can help through New Hampshire DSCR loans. We provide real estate investors with attractive and competitive mortgage loans -without the need to examine their personal financial history.

Benefits of New Hampshire DSCR Loans

New Hampshire is a small but mighty state with a robust economy, mostly built on tourism: it's the fifth strongest economy in the United States, growing at a steady pace of 2.5% per year. It has a very low unemployment rate and one of the highest household incomes in the country at $61,042. This means real estate investors can expect steady income from a rental property in this beautiful state.

Why Buy Investment Properties With New Hampshire DSCR Loans?

A DSCR loan is unique in that, unlike jumbo loans or bank statement loans, it focuses on the property's cash flow rather than personal income to determine a borrower's access to funds. This means that with just a minimum credit score, an investor can add to their real estate portfolio without needing to show their personal annual debt; it's perfect for self-employed investors who would like to make passive income through rental property.

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How Do DSCR Loans Work?

A DSCR loan relies on the debt service coverage ratio, which divides the gross rental income of the investment property by the loan payments to determine whether the property generates sufficient cash flow to cover its debts. DSCR loans do not require the borrower to disclose their personal financial history, only demonstrate the property's cash flow and projected income.

Requirements for New Hampshire DSCR Loans

To access a DSCR loan in New Hampshire, the real estate investor must provide the following:

Credit score of at least 680
DSCR ratio of at least 1.0, though most lenders prefer a 1.25
Appraisal and rent schedule proving the rental property's cash flow
Loan to Value (LTV) ratio of 80% or lower
Down payment of at least 20%, as well as closing costs

Where to Pursue Investment Properties with DSCR Loans in
New Hampshire

The prime real estate in New Hampshire is located in the Manchester-Nashua region, which was listed as 2023's hottest market in the entire United States - the 19th time in history that this one area has been considered the top contender. Remote work rocketed the Mancehster-Nashua market to the top, as it's an affordable area that remains close to larger metropoles like New York and Boston.

Median listing prices for the region are currently about $419,000, which is up 8.6% from the same time last year. The average rent across all property types in the region is $2,100, which is higher than the national average.

There is some disparity between the two largest cities in this zone regarding commercial rental properties: Manchester tends to be cheaper, with office spaces costing $20.79 per square foot and retail spaces netting $14.69 per square foot. This ratio is flipped for Nashua, where retail spaces have an average income of $22.48 per square foot, and office spaces cost $17.49 per square foot.

All this opportunity could be yours with a DSCR loan - call us today to get started.

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Depend on Visio Lending for your New Hampshire DSCR Loans

If you're ready to add to your real estate portfolio, Visio Lending is here to help with New Hampshire DSCR loans. We've helped thousands of real estate investors nationwide access DSCR loans with affordable loan payments that will let you reach your financial goals in no time. All that's required is a reasonable credit score and sufficient cash flow to service the loan payments.

Getting a DSCR loan in the Granite State has never been easier with Visio Lending. Contact us today to learn more about our mortgage loans - no personal income information required.