Frequently Asked Questions
Everything you need to know about DSCR rental loans, construction financing, and fix & flip loans from AllApprovedHere / Barrett Financial Group.
DSCR Loan Questions
What is a DSCR loan?
A DSCR (Debt Service Coverage Ratio) loan qualifies borrowers based on the rental income of the investment property rather than personal income. No W-2s or tax returns are required.
What DSCR ratio do I need?
Most programs require a minimum DSCR of 1.0. Higher ratios (1.25+) qualify for better rates. Some programs allow DSCR below 1.0 with a larger down payment.
How fast can I close a DSCR loan?
AllApprovedHere typically closes DSCR loans in 21 days or fewer — significantly faster than conventional lenders.
Can I use an LLC for a DSCR loan?
Yes. DSCR loans can be originated in the name of an LLC or other entity, which is preferred by many investors for liability protection.
Construction Loan Questions
What is a construction loan?
A construction loan is short-term financing used to fund the building of a new property. Funds are disbursed in draws as construction milestones are completed.
What is LTC?
LTC (Loan-to-Cost) is the ratio of the loan amount to the total project cost. Up to 90% LTC means we can finance 90% of your total project cost.
Fix & Flip Questions
What is a fix and flip loan?
A fix and flip loan provides short-term financing to purchase and renovate a property with the intent to sell it for a profit.
What is ARV?
ARV (After-Repair Value) is the estimated market value of the property after all renovations are complete. Lenders typically cap loans at 70–75% of ARV.
General Questions
What states do you lend in?
AllApprovedHere / Barrett Financial Group is licensed in Arizona, California, Washington, Nevada, and Colorado. NMLS #1502253 | Barrett Financial Group NMLS #181106.
How do I get started?
Complete our 2-minute pre-qualification form at allapprovedhere.com/qualify or call us at (602) 628-1231.