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Go Zoom Loans — Frequently Asked Questions
Clear, direct underwriting and process answers for real estate investors. Have a property-specific question? Submit your scenario below for a review by a Loan Daddy loan specialist.
How do I qualify for Go Zoom Loans?
Qualification for Go Zoom Loans focuses on the investment property's Debt Service Coverage Ratio (gross rental income divided by principal, interest, taxes, insurance, and HOA) rather than personal tax returns or W-2s.
How is the DSCR ratio calculated by wholesale underwriters?
DSCR equals gross monthly rental income (from an executed lease or the appraiser’s Form 1007 / Form 1025 market rent schedule) divided by total monthly PITIA (Principal, Interest, Taxes, Insurance, and HOA dues). A 1.00x ratio means rent equals PITIA.
How do wholesale lenders evaluate DSCR ratios and leverage?
DSCR ratio benchmarks, loan-to-value tiers, and reserve guidelines vary by wholesale lender, property type, and scenario. A Loan Daddy loan specialist can compare multiple wholesale DSCR programs for your deal.
Can I buy a vacant rental property with a DSCR loan?
Yes. On most wholesale DSCR purchase programs, underwriters use 100% of the appraiser’s Form 1007 (single-family) or Form 1025 (2–4 unit) projected market rent when a rent-ready property is delivered vacant at closing.
Can I vest my DSCR loan in an LLC and finance short-term or long-term rentals?
Many wholesale DSCR programs support LLC vesting as well as long-term leases (Form 1007 market rent schedule), 2–4 unit multifamily properties, and eligible short-term rentals, subject to lender guidelines.
How does a DSCR cash-out refinance work for pulling equity from a rental?
A DSCR cash-out refinance replaces existing debt (or unlocks equity from a free-and-clear property) based on current appraised value and property DSCR coverage, returning net proceeds at closing to acquire or renovate additional investment properties.
How do prepayment penalty structures work on business-purpose DSCR loans?
Wholesale DSCR loans commonly offer flexible prepayment step-down structures (such as 5-year, 3-year, 1-year, or no-prepay options) that you can align with your planned hold or refinance horizon.
How long does a DSCR investment property loan take?
Close in as little as 14-21 days when all documents are submitted on time. Typical closing is about 30 days. Timing depends on appraisal, title, and lender guidelines for DSCR investor loans brokered through Loan Daddy LLC (NMLS #2827624). Ordering appraisal and title early helps keep your file moving. Loan Daddy LLC is a mortgage broker, not a lender.
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