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Deephaven Mortgage DSCR Loans vs. OfferMarket: A Real Comparison for Real Estate Investors
Last Updated: January 25, 2025
When scaling your real estate portfolio, Debt Service Coverage Ratio (DSCR) loans offer unique advantages by qualifying you based on property cash flow rather than personal income. Two key players in this space are Deephaven Mortgage and OfferMarket.
Deephaven Mortgage is a leader in Non-QM (non-qualified mortgage) lending, serving borrowers who don't fit traditional lending molds. We at OfferMarket, however, focus on transparency, minimal costs, and fast funding for long-term rental property investments. This comparison will help you determine which lender aligns better with your investment goals.
What Is Deephaven Mortgage?
Deephaven Mortgage specializes in Non-QM loans, offering flexible financing solutions for borrowers who don't meet traditional Freddie Mac or Fannie Mae guidelines. Their DSCR loans are a key offering, designed for property investors looking to qualify based on rental income rather than personal financials.
Key Features of Deephaven Mortgage DSCR Loans
- Loan Amounts:
- Up to $3.5 million, depending on the loan type.
- Up to $3.5 million, depending on the loan type.
- Loan-to-Value (LTV):
- Up to 80% LTV, enabling investors to leverage their properties efficiently.
- Up to 80% LTV, enabling investors to leverage their properties efficiently.
- Credit Requirements:
- Accepts credit scores as low as 660, broadening eligibility.
- Accepts credit scores as low as 660, broadening eligibility.
- Flexible Qualification Programs:
- Borrowers can qualify using rental income, bank statement programs, and personal assets like retirement or stock accounts.
- Borrowers can qualify using rental income, bank statement programs, and personal assets like retirement or stock accounts.
- Non-QM Features:
- Designed for self-employed individuals and borrowers with unique income structures.
- Designed for self-employed individuals and borrowers with unique income structures.
- Down Payment Requirements:
- Requires 10% to 20% down, depending on loan specifics.
- Requires 10% to 20% down, depending on loan specifics.
- Loan Types:
- Offers DSCR loans, short-term rental loans, and options for non-warrantable condos.
Deephaven’s Non-QM solutions provide flexibility for underserved borrowers, but they come with additional fees and rate adjustments that can inflate the overall loan cost.
What Is OfferMarket?
At OfferMarket, we focus on transparent and cost-effective DSCR loans for long-term rental property investments. Our streamlined process ensures you avoid hidden fees, unnecessary rate markups, and excessive documentation, making financing straightforward and predictable.
Key Features of OfferMarket DSCR Loans
- Loan Amounts:
- Flexible loan sizes tailored to your investment goals.
- Flexible loan sizes tailored to your investment goals.
- Loan-to-Value (LTV):
- Matches industry standards with up to 80% LTV.
- Matches industry standards with up to 80% LTV.
- Credit Requirements:
- Competitive minimum credit scores, ensuring accessibility for qualified investors.
- Competitive minimum credit scores, ensuring accessibility for qualified investors.
- Transparent Rates:
- Rates range from 6.5% to 8.5%, with no spreads or hidden markups.
- Rates range from 6.5% to 8.5%, with no spreads or hidden markups.
- Simplified Fees:
- Origination fees are 0.5–2 points (minimum $2,000), with no underwriting, processing, or servicing fees.
- Origination fees are 0.5–2 points (minimum $2,000), with no underwriting, processing, or servicing fees.
- Fast Closings:
- Approvals and funding within 15–30 days, significantly faster than many competitors.
- Approvals and funding within 15–30 days, significantly faster than many competitors.
- Low-Doc Process:
- Focused on credit checks, liquidity verification, and property appraisals.
Head-to-Head Comparison: Deephaven Mortgage vs. OfferMarket
| Category | Deephaven Mortgage DSCR Loans | OfferMarket DSCR Loans |
|---|---|---|
| Loan Amounts | Up to $3.5 million | Flexible, tailored to investment needs |
| Loan-to-Value (LTV) | Up to 80% | Up to 80% |
| Credit Score | Minimum 660 | Competitive minimum requirements |
| Interest Rates | Adjusted based on borrower and property profile | 6.5%–8.5%, no spreads or markups |
| Origination Fees | Typically 2–4 points | 0.5–2 points, $2,000 minimum |
| Funding Speed | 30–45 days | 15–30 days |
| Documentation | Flexible (bank statements, asset verification) | Low-doc: credit check, liquidity verification |
| Specialty Loans | Short-term rentals, non-warrantable condos | Focused on long-term rental properties |
1. Loan Qualification: Flexibility vs. Simplicity
Deephaven Mortgage:
Deephaven uses Non-QM programs to qualify borrowers based on their unique financial situations. Borrowers can qualify using:
- Bank Statement Programs: Verifies income through cash flow in bank accounts.
- Asset Utilization: Considers personal assets like retirement or stock accounts.
- Rental Income: DSCR loans assess the rental income of the subject property.
This flexibility is ideal for self-employed borrowers or those with non-traditional income streams.
OfferMarket:
Our qualification process focuses on simplicity. We require:
- Credit Check: Verifies borrower creditworthiness.
- Liquidity Verification: Confirms sufficient cash reserves.
- Appraisal: Assesses the property’s value and income potential.
Winner: Depends on Your Needs
If you need highly flexible qualification methods, Deephaven may suit you. For a simpler and faster process, OfferMarket is the clear winner.
2. Interest Rates: The True Cost of Borrowing
Deephaven Mortgage Rates:
Deephaven adjusts rates based on several factors, including:
- Loan-to-value (LTV) ratio.
- Borrower credit score.
- Property type and characteristics.
While competitive, these rates often include markups that increase borrowing costs over time.
OfferMarket Rates:
We don’t believe in inflating costs. Our rates are:
- 6.5% to 8.5%, with no spreads or hidden markups.
- Transparent and directly passed from capital providers.
Winner: OfferMarket
Our transparent rates ensure you pay less over the life of your loan.
3. Fees: Transparency vs. Add-Ons
Deephaven Mortgage Fees:
Borrowers should expect:
- Origination Fees: Typically 2–4 points, higher than the industry average.
- Additional charges for underwriting, processing, and servicing.
These fees can significantly impact your loan’s total cost.
OfferMarket Fees:
We simplify costs by charging only:
- Origination Fees: 0.5–2 points, with a $2,000 minimum.
- Third-Party Costs: Passed directly to you without padding.
Winner: OfferMarket
With lower fees and no hidden costs, we help you keep more of your profits.
4. Loan Terms: Customization and Accessibility
Deephaven Mortgage Terms:
- Loan amounts up to $3.5 million.
- Down payments of 10% to 20%, depending on loan type.
- DSCR loans available for short-term rentals and non-warrantable condos.
OfferMarket Terms:
- Flexible loan amounts tailored to long-term rental properties.
- Down payment and LTV ratios aligned with industry standards.
- Focused on long-term stability and equity building.
Winner: Tie
If you need specialty loans for short-term rentals, Deephaven is the better fit. For long-term rental investments, OfferMarket offers better value.
5. Funding Speed: Closing Deals Quickly
Deephaven Mortgage Speed:
Deephaven typically funds loans in 30–45 days, which aligns with industry averages but may be too slow for competitive markets.
OfferMarket Speed:
We close DSCR loans in 15–30 days, enabling you to act fast and secure deals.
Winner: OfferMarket
Our faster funding timelines give you an edge in time-sensitive transactions.
Why OfferMarket Stands Out
While Deephaven Mortgage offers flexibility through its Non-QM programs, we at OfferMarket provide a streamlined, cost-effective solution tailored for long-term rental property investors. Here’s why you should choose OfferMarket:
- Transparent Pricing: No rate spreads or hidden fees.
- Lower Fees: Our fees are significantly lower than Deephaven’s.
- Faster Closings: Approvals and funding in as little as 15 days.
- Simplified Process: Low-doc requirements save you time and hassle.
- Investor-Focused Approach: We prioritize your success over maximizing lender profits.
Ready to Get Started?
Here’s how you can secure your DSCR loan with us:
- Request Your Quote: Visit OfferMarket.us to get an instant loan quote.
- Submit Required Documents: Provide your credit check, liquidity verification, and appraisal authorization.
- Close Quickly: Enjoy a seamless process and close your loan in as little as 15 days.
Final Thoughts
Both Deephaven Mortgage and OfferMarket offer viable DSCR loan options, but OfferMarket delivers unmatched transparency, lower costs, and faster funding. If you’re ready to grow your real estate portfolio confidently and cost-effectively, we’re here to help.
Let’s make your next investment a success!
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