No W-2. No Tax Returns.
A DSCR loan in Columbus qualifies on the property's rent rather than your W-2 or tax returns — business-purpose financing for non-owner-occupied rentals, available to LLCs as standard. What makes Columbus its own underwriting problem: Georgia is non-judicial. That is exactly the kind of variable that one lender's credit box handles badly and thirty handle well, which is how LendingStreet places the file.
Check My Columbus Rental Loan Options →The economy runs on Fort Moore, Aflac and TSYS headquarters, Piedmont Columbus Regional, and Columbus State University. The rental stock is pre-war stock in the historic district and Lakebottom, post-war ranches, and a military tenant base around Fort Moore.
Georgia is non-judicial. The metro spans the Chattahoochee into Alabama — Phenix City and Smiths Station are Alabama properties with different law and tax. Fort Moore is one of the largest training installations in the Army, producing a large, high-turnover military tenant base.
Because the tax line is the swing factor here, run the DSCR with the actual current bill and the reassessed figure after purchase — in Columbus they are frequently not the same number, and the lender will use the higher one.
A military and defense tenant base produces reliable rent and predictable turnover on the PCS cycle. Some capital sources treat that as a positive; a few discount it for concentration. Either way it is worth stating in the file.
Standard ranges across our capital sources: $150,000 to $3.5M, up to 80% LTV on purchase and 75% on cash-out, 1.00 minimum ratio with sub-1.0 and no-ratio at select sources, 660 credit standard with 640 and 620 tiers, 30-year fixed, LLC vesting with personal guaranty, 14 to 21 days to close. Full detail and the current rate floor are on the DSCR loan page. The figures on your file depend on the source, the property and the ratio.
The Columbus metro — Columbus plus Phenix City, AL, Fort Moore area, Midland, Harris County and Smiths Station, AL — and the rest of Georgia via the Georgia DSCR page. Investor activity in Columbus concentrates in Historic District, Lakebottom, Wynnton, MidTown, North Columbus; the loan is underwritten identically anywhere in the metro.
Run the ratio in the DSCR calculator with real Columbus tax and insurance figures before you submit — those lines decide more ratios here than the rate does.
Also see: Atlanta, GA →Savannah, GA →
Yes — Columbus, Phenix City, AL, Fort Moore area, Midland, Harris County and Smiths Station, AL, and the rest of Georgia.
It affects the lender's side. A faster recovery timeline widens the pool of sources comfortable writing there; a slower one makes some conservative on leverage. We account for it in placement.
STR demand is minimal; underwrite on long-term rent. We underwrite on long-term market rent.
Almost always the tax line. In Columbus the lender uses the reassessed bill after purchase, which is often higher than the seller's current bill.
Typically 14 to 21 days from a complete file. Appraisal is the longest fixed step.
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