Blog 6 - Sprint Funding

VA loan. US department of veterans affairs papers.

September 1, 2023

Appraisal and an Inspection for VA Loan

For veterans, the VA loan program offers significant support in their journey toward homeownership. Designed to make homeownership more accessible, VA loans offer favorable terms, lower interest rates, and reduced down payment requirements. When veterans and their families go through this process, evaluating the property’s value and condition is crucial.

Pest Inspections for VA Loans - Sprint Funding

August 31, 2023

How Do Pest Inspections for VA Loans Work?

Purchasing a home is a monumental milestone, especially for those seeking the support of VA loans to realize their dreams. In the intricate landscape of home financing, one often overlooked but absolutely critical facet is pest inspections. These inspections aren’t merely an additional formality; they serve as guardians of both

August 31, 2023

What is the Debt-To-Income Ratio for a VA Loan?

When you’re on the path to securing a VA loan for your dream home, there are various essential aspects to keep in mind. One of these crucial factors is your Debt-to-Income (DTI) ratio, a key number that lenders pay close attention to. The DTI ratio holds significant sway over your

DSCR written on a wooden cube on the keyboard with chart on a grey background

July 31, 2023

DSCR and Risk Management: Reducing Financial Risks

In the world of business and finance, risk management and financial ratios go hand-in-hand. One such vital financial ratio is the Debt Service Coverage Ratio (DSCR), an important tool for both lenders and borrowers alike to assess a company’s ability to service its debt. On the other hand, risk management

A picture of wooden block with the DSCR letter, cart, credit card illustration, wooden house and fake money.

July 27, 2023

Understanding the Key Differences Between DSCR for Short-Term Rental Loans and Traditional Loans

In the realm of property investing, understanding the various loan types available is crucial to making the right financial decisions. Two prominent types of loans investors encounter are Debt Service Coverage Ratio (DSCR) loans and traditional loans. Each comes with its own unique features, advantages, and considerations. DSCR loans, a

DSCR text on wooden block on chart background

July 21, 2023

Best Practices for TRID Compliance in DSCR Loans

In the dynamic landscape of business financing, Debt Service Coverage Ratio (DSCR) loans stand out as a unique, robust, and advantageous offering. DSCR, or Debt Service Coverage Ratio, is a calculated metric used by lenders to determine a business’s ability to cover its debt payments. In simple terms, it’s a

Understand Loan Benefits- Sprint Funding

July 11, 2023

2023 Borrower Insights Survey Results

The home lending market in 2022 was characterized by extreme fluctuations, and 2023 might witness more of the same. This survey paints a picture of a challenging landscape in 2022 for borrowers, renters, and lenders, largely due to high-interest rates and the possibility of an economic downturn. Several notable highlights

July 5, 2023

Effective Strategies and Flexible Options on How to Repay Your DSCR Loan

You’ve heard about DSCR loans and the Debt-Service Coverage Ratio (DSCR), but what exactly are they, and why should you care? In this blog, we’ll break down the fundamentals of DSCR loans, explain the DSCR ratio, and delve into the importance of understanding your repayment options and strategies. What Are

wooden cubes DSCR wtih notebook , magnifier and smartphone, business concept

July 5, 2023

What to Look for in a DSCR Loan Agreement

When it comes to loans, we often think about banks, paperwork, and lots of fine print, right? Well, today we’re diving into the world of a specific type of loan called a DSCR loan. The DSCR loan agreement is a written document that outlines everything you need to know about

June 28, 2023

Understanding Conventional Loan Interest Rates: What You Need to Know

Are you in the market for a new home or refinancing your existing one and wondering about conventional loan interest rates? Given so many loan options available, figuring out which one is the most suitable for your needs can be quite difficult. Conventional loans are one of the most popular