Understand how DSCR underwriting actually works

Learn the difference between DTI, Streamlined DSCR, and Traditional DSCR so you can structure the right solution for each deal.

Learn how cash flow drives loan decisions

Understand how rent, PITIA, and NOI determine DSCR, loan proceeds, and overall deal viability.

See how deals change during underwriting

Follow how rent, insurance, taxes, and value adjustments impact DSCR and why deals are often restructured before approval.

About the course

DSCR lending sits at the intersection of residential investor lending and commercial underwriting. While many brokers are familiar with DTI-based qualification, DSCR introduces a different framework where property cash flow drives the decision. Understanding this shift is essential to structuring deals correctly and setting realistic expectations. This course provides a practical introduction to DSCR lending, focusing on how loans are evaluated and adjusted during underwriting. You’ll learn how income is validated, how DSCR is calculated and stress-tested, and how loan proceeds are determined based on both cash flow and value constraints. The goal is to give you a clear framework so you can evaluate deals more effectively and guide investor clients with confidence.

Academy For commercial Lending

I’m Michael Boggiano, and I’ve spent more than 25 years originating and structuring commercial real estate and business-purpose loans across multiple market cycles. My experience comes from working directly on transactions and understanding how lenders evaluate risk, structure deals, and bring them to closing. Early in my career, one of the biggest challenges was the lack of practical guidance on how these deals actually work. Through the Academy for Commercial Lending, my goal is to simplify these concepts into clear, usable insight so you can evaluate deals more effectively and approach commercial and investor lending with a stronger foundation.

Curriculum

7 Chapters · 15 Lessons

  1. 1

    Introduction to DSCR Lending and Underwriting Frameworks

    1. (Included in full purchase)

      DTI vs DSCR: How Investor Loans Are Evaluated

    2. (Included in full purchase)

      Chapter 1 - Quiz

  2. 2

    Chapter 2: The DSCR Underwriting Process

    1. (Included in full purchase)

      Lesson 1: How Income, Expenses, and DSCR Are Calculated

    2. (Included in full purchase)

      Chapter 2- Quiz

  3. 3

    Chapter 3: Program Structure, Terms, and Eligibility

    1. (Included in full purchase)

      Lesson 1: How DSCR Loans Are Structured and Qualified

    2. (Included in full purchase)

      Chapter 3 Quiz

  4. 4

    Chapter 4: Execution and Underwriting Adjustments

    1. (Included in full purchase)

      Lesson 1: How Deals Change During the Underwriting Process

    2. (Included in full purchase)

      Chapter 4 - Quiz

  5. 5

    Chapter 5: Case Studies and Real-World Application

    1. (Included in full purchase)

      DSCR Lending - Module 5 Case Studies

    2. (Included in full purchase)

      Chapter 5 - Quiz

  6. 6

    Final Exam

    1. (Included in full purchase)

      Final Exam

  7. 7

    Hand Outs

    1. (Included in full purchase)

      DSCR Traffic Light

    2. (Included in full purchase)

      Streamline vs Traditional DSCR

    3. (Included in full purchase)

      Red Flags

    4. (Included in full purchase)

      Loan Sizing

What Mortgage Professionals Are Saying

A practical introduction to how DSCR loans are structured, underwritten, and adjusted based on property cash flow.Testimonials build trust — fast. Edit this section to show how your product is making a difference and help your audience purchase with confidence.

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“This course clarified the difference between DTI and DSCR in a way that actually applies to real deals. It helped me structure investor loans more effectively.”
Helen

Mortgage Broker - Boise, ID

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“Very practical and easy to follow. I now understand how DSCR changes during underwriting and how to set better expectations with clients.”
Juan

Loan Officer - Bronx, NY

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“A strong introduction to DSCR lending. It connected the dots between cash flow, loan proceeds, and underwriting decisions.”
Matt

Residential Mortgage Broker - Denver, CO

Build a stronger foundation in DSCR lending

This course gives you a clear, practical understanding of how DSCR loans are evaluated and structured. Start the course and begin approaching investor transactions with greater confidence and precision.

Enroll for free