Recently Funded DSCR Loan In Bangor, Pennsylvania

Loan Scenario:

This DSCR rental refinance covers a single-family detached home in Bangor, Pennsylvania. Specifically, the home appraised at $318,000, and the investor secured a loan of $229,000. As a result, the loan carries a Loan-to-Value (LTV) ratio of 72.01%. Additionally, the loan holds a DSCR of 1.063, which sits just above the break-even line. Notably, this ratio shows that rental income still covers the debt under DSCR guidelines. Therefore, the borrower qualifies on the strength of the home itself.

The borrower is an experienced investor. Because of this, the no-cash-out refinance fits a clear long-term hold plan. Specifically, the DSCR program approves the loan on the income of the home rather than personal income. As a result, the investor skips tax returns and work documents. Furthermore, the structure locks in a 30-year fixed rate for stable payments. Ultimately, this approach gives the borrower a steady base for the asset.

Bangor draws steady rental demand within Northampton County. Specifically, the borough sits between the Lehigh Valley metro to the south and the Pocono region to the north. Moreover, this spot gives renters access to jobs, schools, and travel routes. Additionally, local supply stays tight, which keeps rentals filled. Consequently, the market favors investors who hold reliable, income-producing homes.

Overall, this deal shows how American Heritage Lending backs experienced investors. Specifically, the DSCR structure approves loans on home performance rather than standard income checks. As a result, the borrower locks in long-term, fixed-rate financing. Furthermore, this room lets the investor hold the asset and plan ahead. Ultimately, AHL gives investors a clear path to stable, lasting financing.