DSCR Rental Loans
Up to 85% on purchases and rate-and-term refinances, and 80% cash-out, for 1–4 unit rentals qualified on the rent, not your personal income.
Who it’s for.
Investors buying or refinancing single-family rentals, 2–4 unit properties, condos, and vacation rentals they intend to hold. Ideal after a flip or BRRRR when you want to keep the property.
What it can pay for.
- Purchase of a rental property
- Rate-and-term refinance
- Cash-out refinance to fund your next deal
- Refinance out of a bridge or rehab loan once the property is rented
What lenders look at.
- Debt service coverage ratio
- Rent divided by the monthly payment including taxes, insurance, and HOA. Around 1.0 or higher is the usual target; some programs go below with lower leverage.
- Credit score
- Pricing and leverage step with credit. You report a range to get quotes; the lender pulls credit later.
- Reserves
- A few months of payments in the bank after closing.
- The property
- Condition, rentability, and for short-term rentals, the market's occupancy and nightly rates.
Documents you’ll usually need.
Not to get started. The analyzer and the quote request need none of this. Once you choose a lender, you upload these through a secure portal with a checklist.
- Lease, rent roll, or short-term rental history
- Entity documents
- Two months of bank statements
- Insurance quote
- Purchase contract, or payoff statement on a refinance
Questions
DSCR Rental questions.
What is a DSCR loan?
A rental property loan qualified on the property's income. The lender compares the rent to the full monthly payment. If the rent covers the payment, the deal can qualify, regardless of your personal income.
What DSCR do I need?
Many programs look for 1.0 or higher, meaning the rent covers the payment. Some go lower with more down.
Can I close in my LLC?
Yes. DSCR loans are business-purpose loans and are typically closed in an LLC or corporation.
Do you finance Airbnb and short-term rentals?
Yes. Several lenders in our network underwrite short-term rentals using rental history or projected market income.
Related programs
One loan across multiple rental properties — to consolidate scattered loans, cash out across a portfolio, or buy a package of homes at once.
Short-term financing for a property that's ready now — to close fast, buy before permanent financing is lined up, or carry a property while it leases up.
Up to 100% loan-to-cost to buy and renovate a 1–4 unit property, with the rehab funded in draws as the work gets done.
Let’s find out what you qualify for.
A few minutes online, a real person on the other end, and answers fast. No credit pull, and you owe us nothing unless your loan closes.