Question 1

What does Prime Loan Advisors do?

Accepted Answer

We're a non-QM lending advisory firm that helps real estate investors find and close the right financing for their deals. We work with multiple lending partners to match each deal with the best available product — DSCR loans, bridge loans, fix-and-flip financing, portfolio loans, and more.

Question 2

What is a DSCR loan?

Accepted Answer

A DSCR (Debt Service Coverage Ratio) loan qualifies you based on the rental income the property generates — not your personal tax returns, W-2s, or employment history. It's the most popular product for investors building rental portfolios.

Question 3

Do I need to show personal income for a DSCR loan?

Accepted Answer

No. DSCR loans qualify based entirely on the property's rental income. You won't need to provide tax returns, pay stubs, or W-2s.

Question 4

What is a fix-and-flip loan?

Accepted Answer

A fix-and-flip loan is short-term financing designed for purchasing and renovating investment properties. These loans typically cover both the acquisition price and a portion (or all) of the rehab costs, with terms of 6–18 months.

Question 5

How quickly can a fix-and-flip loan close?

Accepted Answer

Most fix-and-flip loans can close in 10–14 days. Speed is one of the key advantages — allowing you to compete with cash buyers on time-sensitive deals.

Question 6

What is a bridge loan?

Accepted Answer

A bridge loan is short-term financing that bridges the gap between acquiring a property and securing permanent financing. It's designed for speed — closing in as few as 10–14 days — and is ideal for time-sensitive acquisitions.

Question 7

Is there a cost for an initial consultation?

Accepted Answer

No. Your first strategy call is completely free. We'll discuss your deal, review your options, and give you a clear recommendation — no obligation, no credit pull.

Question 8

What credit score do I need?

Accepted Answer

Minimum credit score requirements vary by product. Many investment property loans start around 660–680, though some products are available with lower scores.

Question 9

How long does it take to close?

Accepted Answer

It depends on the product. Bridge and fix-and-flip loans can close in 10–14 days. DSCR and cash-out refinance deals typically close in 21–30 days.

Question 10

Can I close a DSCR loan in an LLC?

Accepted Answer

Yes. Most DSCR loan programs allow closing in an LLC, LP, S-Corp, or trust. Entity ownership is standard in non-QM investment lending.

Question 11

Can I get a DSCR loan with bad credit?

Accepted Answer

Yes, some DSCR loan programs accept credit scores as low as 620, though terms improve significantly with higher scores. Lower credit scores typically result in higher interest rates, lower LTV limits, and larger down payment requirements. A DSCR of 1.25 or higher can sometimes offset a weaker credit profile.

Question 12

What is the minimum down payment for a fix and flip loan?

Accepted Answer

Most fix-and-flip loans require a down payment of 10–20% of the purchase price. The exact amount depends on your experience level, the deal structure, and the lender. First-time flippers may need 15–20%, while experienced investors with a strong track record may qualify for as little as 10% down.

Question 13

How many investment properties can I finance at once?

Accepted Answer

With non-QM lending, there is no hard cap on the number of investment properties you can finance. Unlike conventional loans (which typically limit you to 10 financed properties), DSCR and other non-QM products qualify each property individually based on its own income and value.

Question 14

Do I need a W-2 to get an investment property loan?

Accepted Answer

No. Non-QM products like DSCR loans, bank statement loans, and asset-based loans do not require W-2s or traditional employment verification. DSCR loans qualify based on the property's rental income. Bank statement loans use your deposit history.

Question 15

What is the difference between a hard money loan and a DSCR loan?

Accepted Answer

Hard money loans are short-term (6–24 months), higher-rate loans used for acquisitions and renovations where speed is critical. DSCR loans are long-term (30 years), lower-rate loans for stabilized rental properties that generate income.

Question 16

Can I use rental income to qualify for a mortgage?

Accepted Answer

Yes — that's exactly what a DSCR loan does. Instead of using your personal income (W-2s, tax returns), a DSCR loan qualifies you based on the rental income the property generates. If the rent covers the mortgage payment (DSCR of 1.0+), you can qualify regardless of personal income.

Question 17

How fast can I close on an investment property loan?

Accepted Answer

Hard money and bridge loans can close in 7–14 days. Fix-and-flip loans typically close in 10–21 days. DSCR loans and cash-out refinances usually close in 21–30 days. Speed depends on appraisal turnaround and documentation readiness.

Question 18

Is a DSCR loan the same as a conventional loan?

Accepted Answer

No. Conventional loans require personal income documentation, DTI ratios, and are limited to 10 financed properties. DSCR loans qualify based on rental income, have no property count limits, and allow LLC ownership.

Question 19

What is the BRRRR strategy in real estate?

Accepted Answer

BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat. You buy below market value, renovate to increase value, rent it out, then refinance to pull out most of your initial capital — which you use to repeat the process.

Question 20

Can I get an investment property loan with no income verification?

Accepted Answer

Yes. DSCR loans require no personal income verification — qualification is based on rental income. Bank statement loans use deposits instead of tax returns. Asset-based loans qualify through liquid assets.

Frequently Asked Questions

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Frequently Asked Questions

Categories

General

What does Prime Loan Advisors do?

Who do you work with?

What areas do you serve?

Do I work with a real person or a call center?

Is there a cost for an initial consultation?

How is Prime different from a bank?

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