See if our DSCR program is right for you in West Seneca, NY or anywhere in Western New York
Need funding for a rental property? Nickel City Funding, Inc offers a DSCR program in West Seneca, NY, and throughout Western New York. These debt-service coverage ratio loans are open to first-time investors – not first-time homebuyers – and require a minimum credit score of 660.
Contact us now to learn more about our debt-service coverage ratio loans.
Explore your options
Interested in our DSCR program? View the requirements and information for each loan below:
Month-to-month leases – require a current month-to-month lease, an appraisal confirming occupancy, proof of the borrower receiving rental income.
Short-term rentals – require a verified applicable rental property license, form 1007/1025, and third-party rental company statements. These loans have a maximum loan size of $2,000,000 and are for mortgage refinancing only. The loan is calculated based on average rental income over a 12-month basis.
Multi-year leases – require a borrower who owns a rental property subject to long-term leases adjusting within 12 months and subject to a continuation of at least 12 months. The amount of the increase utilized is limited to the lesser of the increased lease amount or market rents.
For any of these loans, you must intend to use the property solely for commercial purposes and sign a Certification of Business Purpose/Non-Owner Occupancy form. All loans must be manually underwritten. Speak to a loan officer today about a DSCR loan.
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Registered Licensed Mortgage Broker-NY State dept. of financial services. All loans arranged by 3rd party lenders.
Nickel City Funding, Inc is a licensed mortgage broker by the Florida Office of Financial regulation NMLS #1586.
Nickel City Funding Inc made my home buying experience very easy! I never thought I would come close to ever owning a home. THEY MADE IT POSSIBLE. Colleen and Gamila were very knowledgeable, they were there to assist when I had any question form the simplest to the hardest, being a first time home buyer there were a lot of silly questions but the whole team explained everything to me and made me feel more comfortable with the biggest purchase of my life!
WOW WOW WOW! From application to closing,the process was so smooth! Which is not bad for first time homebuyers!! Everyone was professional, and quick to respond and i was kept in the loop the entire time which was SO helpful! Thank you thank you!! I highly recommended them for your home buying needs! Thanks again guys! Truly amazing!
Im posting this review on behalf of my mother, Ivy. Tim Gleason is AMAZING! He went above and beyond assisting her on the purchase of her first ever home. She appreciates everything you have done for her. Words can never explain how thankful she truly is.
Working with TIM GLEASON from Nickel City Funding was a dream. He was with us every step of the way and made our first time buying a house incredibly smooth.Tim was very easy to get in contact with, super flexible and an overall outstanding mortgage loan officer.His support throughout the entire process was greatly appreciated. He eased our stress and provided peace of mind with his consistent support and encouragement. Not only did we find an amazing mortgage loan officer in Tim Gleason, but we also found a lifelong friend. We will definitely be utilizing his expertise in all of our future needs. Thank you again Tim Gleason and the Nickel City Funding team.
Tim Gleason from Nickel City Funding was amazing. He was always there and guided us every step of the way. Their we're times when everything became overwhelming and stressful. He reassured me and told me to keep packing, LOL 😆 Since we've recently closed on our forever home, I've already recommended him to a dear friend of mine!!! Thank you for everything Tim, we appreciate you 😊❤️❤️❤️
Tim Gleason of Nickel City Funding guided me and my family through the loan process flawlessly! He continues to help me even after closing on the home. He has earned my trust and I will continue to do business with them for the foreseeable future. I recommend anyone shopping a loan to go through Nickel City Funding for honest and transparent business.
Tim Gleason at nickel city funding was an incredible person to work with. As a first time home buyer I didn't know what to expect. Tim made the whole experience as painless as he could make it. I would recommend Tim to anyone that asks.
Recently we purchased our second home with the help of Nickel City Funding. Our loan officer Brian Traky did a great job walking us through the entire sales process. His knowledge and experience in real estate made our buying experience easy and stress free. The loan processing team of Colleen, Gamila, and Tim were awesome to work with. The overall team dynamic at Nickel City is something you don't see everyday in business. The teamwork, willingness to help each other, and putting the customer first provided my family with an exceptional customer experience. I will continue to use and recommend Nickel City Funding to anyone I know looking to buy or refinance a home.
This is our 2nd home we’ve purchased through Nickel City Funding and I’ll never go anywhere else !!!! From offer to close was so simple and easy. The way Paul - Gamila and Colleen prepared you every step of the way was just impeccable - nothing was a surprise nor should it ever be we were always one step ahead and they took the stress right off our backs !!!Thank you for our dream home wouldn’t have been possible without you all !!Go Bills
I found Nickel City funding via web search and was impressed by all the reviews. Chris and team genuinely lives up to them. They helped me understand the process and guided me in each and every step. Quick to respond and act, I got my clear to close within 30 days of applying with them.
Working with Brian at Nickel City Funding was absolutely incredible. He was by far the most pleasant person to work with throughout my home buying process. Brian took the time to answer each of my many phone calls, provided me with detailed advice, and found the best rate out of the many mortgage lenders I looked through. I have recommended him to many of my friends and family who are looking to purchase or refinance. Thank you to the team at Nickel City Funding for such a great experience!
If you want to work with a team of experienced and dedicated people this is where you go to. They made my first home buying experience easy and stress-free! I can't say enough great things about this agency and everyone I was honored to work with and meet during the process..
Nickel City Funding was amazing to work with. Tim was always there when I had questions and concerns any time of the day or night, and was able to walk me through them and make sure I completely understood every process. Gamila and Colleen always made sure we had our documents ready to go and that we stayed on top of everything. I couldn’t have asked for a better company to handle my mortgage! Highly recommend!!
My husband and I were in the buying process of a house from a private party and had no idea what to do. Nickel city was recommend by family and they did not disappoint! From start of getting mortgage approval to finish of closing, everything was taken care of without issue. Any questions we had were answered quickly and in depth! They were amazing and cannot recommend any stronger for anyone in the house buying process!
Matt was awesome to work with. He was quick to respond to email and phone calls to answer any and all questions during what is typically a stressful process. He went above and beyond (including responding over the weekend) to help us with our loan with an amazing rate. Great experience and we would recommend them to anyone.
Chris Vassallo was awesome to work with. He made it so easy to understand the process as a first time home buyer. He did everything quickly and efficiently and most importantly he offered the lowest interest rate. I will continue to recommend Nickel City Funding to everyone. I cannot thank you enough Chris!!
Nickel City Funding served my clients at the highest level. Everyone was super professional and got the job done quickly and efficiently. When interest rates are high in Nickel City Funding went low. I highly recommend reaching out to this place if you are looking to buy a home and get a mortgage.
As a real estate agent, I always deal with Mike at Nickel City Funding. He has always given great customer service, and as soon as I send him the clients information, he is on the phone with them in minutes trying to help.
I wanted to reorganize my finances but had become self employed full time within the last year and a half. Although my credit was sufficient, this presented a unique situation. Michael Fleischman was able to put together a scenario that allowed my credit history and business financial stability to overcome my change in employment status. This was a very creative approach that was successful in every aspect. Not many brokers would put the time and effort in as Michael did. The closing was effortless. I would highly recommend Nickel City Funding for putting together the best deal possible.