Deephaven Mortgage for Indiana investors
Deephaven Mortgage is a broker-only DSCR lender with a 660 minimum credit score and a firm 1.00 minimum DSCR. Maximum loan size is $2,000,000, with maximum LTV of 80% on purchase/rate-term and 70% on cash-out refinance. The company does not publish minimum loan size, rate, or state-coverage figures in the sources reviewed.
Indiana context
Indiana strong cash flow Midwest metros. Low property tax. Indianapolis dominant investor market.
How Deephaven Mortgage positions in Indiana
For Indiana specifically, Deephaven Mortgage fits investors who match the hard money approach. The high cash flow profile of Indiana aggregate makes it a target market for Deephaven Mortgage.
City-level coverage in Indiana
Deephaven Mortgage provides DSCR coverage across Indiana metros including Indianapolis, Fort Wayne, and South Bend. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Deephaven Mortgage program terms apply uniformly across Indiana metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | rental DSCR |
| Loan size | — - $2.0M |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | 80% of ARV |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| Indiana property tax | 0.9% |
| Indiana state income tax | 3.2% |
Deephaven Mortgage strengths in Indiana
- 1.00 minimum DSCR
- Broker-only origination
- Maximum loan size $2,000,000
- 70% LTV on cash-out refinance
Ideal borrower: Broker-originated borrower with a fully qualifying 1.00+ DSCR.
FAQ
Likely; verify direct Indiana coverage. Deephaven Mortgage is based in an undisclosed location and operates in states not publicly disclosed.
Indianapolis is the top investor market in Indiana and is generally within Deephaven Mortgage states not publicly disclosed footprint. Indianapolis property tax follows the Indiana state rate of 0.9 percent. Deephaven Mortgage typically underwrites Indianapolis acquisitions at standard rate sheets.
Yes. Fort Wayne ranks among the larger Indiana investor metros and sees consistent DSCR loan volume from Deephaven Mortgage. Submarket variation within Fort Wayne matters for property selection.
Deephaven Mortgage applies the same rate sheet across Indiana metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Indianapolis, Fort Wayne, and South Bend all qualify for the same Deephaven Mortgage program.
Deephaven Mortgage does not publish a rate sheet. Pricing is quoted per deal and depends on credit, leverage, coverage ratio and experience.
Indiana strong cash flow Midwest metros. Low property tax. Indianapolis dominant investor market. Deephaven Mortgage follows standard business-purpose loan structures.
Deephaven Mortgage funds rental DSCR in Indiana.
Indiana allows standard DSCR prepay structures; Deephaven Mortgage typically uses 3-5 year step down.
Deephaven Mortgage typical close: Not publicly published.
Bottom line
Indiana investors considering Deephaven Mortgage should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Deephaven Mortgage.