June Point Lending expands DSCR loans to California

The expansion of June Point Lending's DSCR loans to California is a significant development for real estate investors in the state, particularly those looking to lease out properties. DSCR, or debt service coverage ratio, loans are a type of non-qualified mortgage that allows borrowers to qualify based on the cash flow of the investment property rather than their personal income. This can be beneficial for investors who have multiple properties or other sources of income that may not be considered in traditional mortgage qualifying.

As a wholesale non-QM lender, June Point Lending's expansion into California brings more options to the table for investors and mortgage brokers in the state. With DSCR loans now available in 19 states, June Point Lending is increasing its footprint in the non-QM lending space, which is likely to attract more borrowers who don't fit the traditional mortgage mold. This is particularly relevant in a state like California, where property values are high and investors may be looking for more flexible financing options to help them qualify for loans.

For lease-focused investors, the availability of DSCR loans in California is worth watching, as it could lead to more opportunities for investment and potentially higher returns. As June Point Lending continues to expand its offerings, it will be important to see how other lenders in the non-QM space respond, and whether we see a shift towards more widespread adoption of DSCR loans and other alternative financing options. Additionally, investors should keep an eye on how these loans perform in the California market, and whether they become a popular choice for lease-focused investors looking to finance their properties.

Originally reported by housingwire.com. LeaseNews adds analysis for real estate & property readers.