DSCR loans that qualify on rent, not tax returns.
DSCR (debt service coverage ratio) loans, also called DSCR mortgages, are rental property loans that qualify on the property's rent, not your income. Up to 85% LTV for U.S. residents. Close in 30 days.
Built for self-employed investors, foreign nationals and anyone growing a rental portfolio.
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What is the loan for?
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Program snapshot*
- Loan size
- $50K-$9M
- Purchase LTV
- 85% (U.S. residents)
- Rate/term refi LTV
- 80%
- Cash-out refi LTV
- 70%
- Min DSCR
- 0.75
- Seasoning
- 0, 3, 6 or 12 months
- Term
- Fixed, ARM or interest-only
- Close in
- 30 days
- Rates from
- 6.172%
- Origination
- 1-2 points
* Subject to underwriting. Terms as of November 2026. This may be for the strongest files, sometimes with a buydown. Plus third-party costs (appraisal, title, closing). Every fee is listed on your term sheet.
See loan detailsWhat you get
- Qualify on the lease or market rent. No W-2s, pay stubs or tax returns.
- DSCR down to 0.75. Best pricing at 0.8 or higher.
- Rate/term refinance up to 80% LTV. Cash-out up to 70%.
- Single-family homes, 2-4 units, condos, townhomes and short-term rentals (Airbnb, VRBO)
- Close in your name or an LLC
- Interest-only options for a lower monthly payment
- No limit on the number of financed properties
Term sheet
Same day
Who it's for
- Buying or refinancing a long-term or short-term rental
- Self-employed with hard-to-document income
- A foreign national with no SSN
- Scaling past 10 financed properties
- Refinancing after a rehab, or buying with 1031 exchange funds
How a DSCR loan works
A DSCR loan is a mortgage on investment property that qualifies on the rent, not your personal income.
The lender compares the rent with the monthly payment. No tax returns, W-2s or pay stubs.
For rentals only: long-term leases, short-term rentals, 2-4 unit homes and condos. Not for a home you live in.
Most investors close in an LLC. No cap on the number of financed properties.
Run your numbers with the free DSCR loan calculator before you make an offer.
How DSCR is calculated
DSCR (debt service coverage ratio) compares a property's monthly rent with its monthly payment, called PITIA.
PITIA is principal, interest, property taxes, insurance and any HOA dues. DSCR = monthly rent / monthly PITIA.
In the example, rent of $2,400 against a $2,000 payment gives a DSCR of 1.20: the rent covers the payment with 20% to spare.
Above 1.0 the property pays for itself. Best pricing starts at 0.8. Our lenders fund down to 0.75 with a pricing adjustment.
Rent comes from the current lease, or the appraiser's market rent if the property is vacant or a purchase.
Short-term rentals qualify on 12 months of booking history or a market rent report.
DSCR example
- Monthly rent
- $2,400
- Principal & interest
- $1,550
- Property taxes
- $300
- Insurance
- $150
- HOA
- $0
- Total payment (PITIA)
- $2,000
- DSCR (rent / PITIA)
- 1.20
Illustrative figures. Subject to underwriting.
How much can you borrow on a DSCR loan?
On a $400,000 rental purchase, a U.S. resident borrows up to 85% of the price ($340,000) and puts $60,000 down.
A foreign national borrows up to 70% ($280,000). No SSN. No U.S. credit.
Refinancing a $400,000 rental you own: a rate/term refinance goes up to 80% LTV ($320,000).
A cash-out refinance goes up to 70% ($280,000), or 65% for foreign nationals.
DSCR, credit and property type set the final leverage and rate. Your same-day term sheet prices your exact file.
$400,000 rental purchase
- U.S. resident loan (85%)
- $340,000
- U.S. resident down payment
- $60,000
- Foreign national loan (70%)
- $280,000
- Foreign national down payment
- $120,000
Illustrative example. Closing costs, points and reserves not shown. Subject to underwriting.
DSCR loan rates: what sets them
Rates from 6.172%*. This may be for the strongest files, sometimes with a buydown. Rates move with the market, so the only reliable number is a priced quote.
These move your rate most: your DSCR, credit score, LTV, the prepayment penalty you choose, loan size and property type, and the points you pay.
A longer prepayment penalty (3 to 5 years) usually buys a lower rate. No penalty costs more.
Interest-only and points are two more levers. Your same-day term sheet compares DSCR lenders on your actual deal.
What moves the rate
- DSCR ratio
- Credit score
- LTV / down payment
- Prepayment penalty term
- Loan size and property type
- Points paid
From request to funded
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Property, loan amount and your experience.
Term sheet
Rate, leverage and DSCR, the same day. No hard credit pull.
Close in 30 days
Appraisal, title and closing.
Frequently asked questions
How is DSCR calculated?
Monthly rent divided by the monthly payment: principal, interest, taxes, insurance and HOA (PITIA).
$2,400 rent against a $2,000 payment is a 1.20 DSCR.
What DSCR do I need?
0.75 minimum, with a pricing adjustment. 0.8 or higher gets the best pricing.
Can I close in an LLC?
Yes. Most DSCR loans close in a single-member or multi-member LLC.
Are short-term rentals eligible?
Yes. Airbnb and VRBO income qualifies on 12 months of booking history or a short-term rental market report.
Is there a minimum credit score?
No single cutoff. Credit, LTV, DSCR, property type and reserves are priced together, and a stronger file gets better terms.
Your term sheet shows your exact numbers.
Sources
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