Recently Funded DSCR Loan In West Chicago, Illinois

Loan Scenario:

This financing scenario features a DSCR purchase loan for a single-family rental property in West Chicago, Illinois. Specifically, the property appraised at $375,000, and American Heritage Lending provided $262,500 in financing. As a result, the loan carries a Loan-to-Value (LTV) ratio of 70%. Notably, the loan is structured as a True Zero Point Loan, so the borrower closed without paying upfront discount points. Additionally, the 30-year fixed rate provides stable, long-term payments from day one.

The borrower is a first-time real estate investor. Therefore, accessing the rental market without traditional income documents was a key priority. Because DSCR approval is based on the income performance of the property rather than personal tax returns or employment history, this program was a strong fit. Furthermore, the property’s rental income supports a DSCR of 1.117, which confirms that income comfortably covers the debt under program guidelines.

West Chicago sits in DuPage County and benefits from steady rental demand. Specifically, its access to major employment areas and Metra commuter rail makes it attractive to long-term renters. As a result, single-family rentals in this area tend to hold strong occupancy. Moreover, the market is more affordable than many nearby DuPage towns, so it remains a practical entry point for investors focused on buy-and-hold strategies. Consequently, the area supports durable cash flow for income-focused portfolios.

Overall, this deal shows how American Heritage Lending helps first-time investors access the rental market. Specifically, the DSCR program removed the need for personal income review, and the True Zero Point structure kept upfront costs low. As a result, the borrower secured a cash-flowing property with a simple 30-year fixed loan. Furthermore, this structure gives a first-time investor a clear and stable foundation for long-term growth.