loan types
dscr investor loans
Michigan

DSCR Investor Loans in Michigan

Self-employed borrowers in Michigan qualify using 12 to 24 months of bank deposits instead of tax returns. Business owners, contractors, and freelancers whose returns show aggressive deductions use bank statement programs to document the income they actually earn.
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No tax returns. No W‑2s. Qualify on rental income.

Bank Statement Calculator

Gross monthly rent ÷ total monthly payment (PITIA)
The market rent used for qualification. Lenders pull this from an appraisal rent schedule (Form 1007) for purchases or the current lease for refinances. Use the lower of the two if both exist.
Principal, interest, taxes, insurance, and association dues (if applicable). Includes the full housing payment, not just principal and interest. Flood insurance counts if required.
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DSCR
0.00
0.00
1.00
1.50+

Meets theLender’s minimum 1.00 DSCR.

Estimate only. theLender’s minimum debt service coverage ratio is 1.00, calculated as gross rents divided by PITIA. Final qualification depends on full underwriting, credit, and property review.

Bank statement loans provide Michigan borrowers with an alternative path to mortgage financing when traditional income documentation proves challenging or insufficient.

Self-employed professionals, business owners, and real estate investors use these programs to qualify based on cash flow demonstrated through bank deposits rather than tax returns or W-2 forms.

Non-QM lenders evaluate borrowers by analyzing deposit patterns and applying expense ratios to determine qualifying income, making homeownership accessible for those with complex financial profiles or seasonal income variations. Michigan borrowers can secure financing for primary residences, second homes, and investment properties through these programs, with underwriters focusing on bank statement consistency and deposit strength.

theLender accepts either 12 or 24 months of personal or business bank statements to establish qualifying income for Michigan borrowers.