DSCR Loans for Rental Property InvestorsNo Tax ReturnsNo Income DocsYour Rent Is Your Income
A DSCR loan qualifies you on the property's rental income, not W-2s or tax returns. Direct no-doc style investor financing from $150,000 to $3.5 million for 1-4 unit rentals, 5-8 unit multifamily, mixed-use and Airbnb/VRBO short-term rentals. Purchase, refinance, or cash-out up to $1M.
No appointments necessary. Mortgage Bankers available Mon-Fri, 8am-5pm Pacific.
Quick Response Form
NO Cost. NO Obligation.
What is a DSCR loan?
A DSCR (debt service coverage ratio) loan is a mortgage for investment property that is qualified mainly on the rent the property earns. There is no need to document your personal income the way a conventional loan requires, so self-employed investors and growing portfolios can keep scaling.
Example only. DSCR = Monthly Rent ÷ Monthly PITIA (principal, interest, taxes, insurance, association dues). We accept a ratio as low as 0.75.
Qualify on rent
Rental income, not W-2s or tax returns, drives approval.
Built to hold
Long-term financing designed to keep the property, up to 40 years.
Close in an LLC
Close in an LLC or your personal name as your portfolio grows.
Looking for a no doc loan on a rental? Qualify with DSCR
Investors who search for a “no doc loan” or a non-QM loan are usually looking for financing that does not depend on tax returns. A DSCR loan is built for that: the property's rent has to cover the payment, and you do not need to document your personal income.
- No tax returns, W-2s or pay stubs required
- Non-QM underwriting built for self-employed and portfolio investors
- Purchase, refinance or cash-out on single-family, 2-4 unit, 5-8 unit multifamily, mixed-use and short-term rentals
- Debt service coverage ratio as low as 0.75, 640 minimum credit score
Programs, rates and terms vary by property and borrower. Subject to underwriting approval.
Choose your path
First-Time Investor
- 1
Check your numbers
Use the calculator on this page to see whether the rent covers the payment.
- 2
Get a free quote
It takes about 10 minutes with no impact to credit. A free pre-approval letter is available.
- 3
Make your offer
Shop with a pre-approval in hand.
- 4
Appraisal
The appraisal sets the market rent, so no lease is required.
- 5
Close
Closing can happen in as little as 14 days after the appraisal.
Experienced Investor
Room to scale
No limit on the number of financed properties, and 1031 exchanges are supported.
Structures that fit
30-year fixed, 40-year interest-only or ARM, plus a DSCR 2nd that leaves your first mortgage in place.
Close in an LLC
Close in an LLC or your personal name as your portfolio grows.
Decided in-house
Credit decisions are made in-house, with closing in as little as 14 days after appraisal.
Cash-out
Pull up to $1,000,000 of equity out of a performing rental.
Estimate your DSCR in seconds
Enter the rent and the loan details to see whether your property's income covers the payment.
Simple Requirements
Properties We Finance
From single-family rentals to multifamily and Airbnb
One direct lender for the whole portfolio, with every loan qualified on the rent the property earns.
Flexible terms built for investors
Choose your structure
30-year fixed
Predictable payments for the long haul on your buy-and-hold rentals.
40-year interest-only
Lower monthly payments to maximize cash flow on the property.
2nd mortgage
Borrow against rental equity with a second lien and keep your existing first mortgage in place.
ARM options
Adjustable-rate structures for investors planning a shorter hold.
Choose your goal
Purchase
Acquire your next rental with financing based on its income potential.
Refinance
Replace your existing loan with terms that fit your current strategy.
Cash-out
Tap rental property equity, up to $1,000,000, to fund your next deal.
Turn rental property equity into your next investment
Refinance a performing rental and pull out cash for down payments, renovations, or reserves. Refi. Invest. Grow.
- Cash-out up to $1,000,000
- Loan amounts from $150,000 to $3,500,000
- Single family, 2-4 unit, multifamily, and mixed-use
- Qualified on rent, not personal income
Keep your first mortgage. Tap your equity with a DSCR 2nd.
Already have a low rate on your rental? A DSCR 2nd lien lets you pull cash from the property's equity without refinancing the first loan, and it is qualified on the rent the property earns, not your personal income.
- Existing first mortgage stays in place
- Qualified on property income (DSCR), not personal income
- Use the funds for down payments, renovations, or reserves
DSCR loan vs. hard money
Hard money is built for quick, short-term flips. A DSCR loan is built to hold a rental for the long term.
| DSCR loan | Hard money | |
|---|---|---|
| Term | Up to 40 years (30-year fixed, or 10 years interest-only then 30-year payments) | Typically short-term, 6-24 months |
| Best for | Buy-and-hold rentals | Fix-and-flip or bridge deals |
| Qualification | Property rental income | Asset value and exit plan |
| Payment structure | Fixed, interest-only, or ARM | Usually interest-only with balloon payoff |
Learn more about the differences between DSCR and hard money →
Credit decisions made in-house
Not hard money
Long-term fixed, interest-only, or ARM financing, with no balloon payments and a low reserve requirement.
Flexible borrowers
Hold the property in an LLC. Non-occupant co-borrowers, foreign nationals, first-time and self-employed investors are welcome.
Built to scale
No limit on the number of financed properties, 1031 exchanges supported, and closing in as little as 14 days after appraisal.
Questions investors ask
What is a DSCR loan?
A DSCR (debt service coverage ratio) loan is an investment-property mortgage qualified mainly on the rental income the property produces rather than on your personal income. The lender compares the property's rent to its monthly housing costs.
How is DSCR calculated?
DSCR equals the property's monthly rental income divided by its monthly debt service (principal, interest, taxes, insurance, and any HOA dues). A ratio of 1.0 means rent exactly covers the payment. Our programs accept a ratio as low as 0.75.
What loan amounts and property types do you offer?
Loan amounts run from $150,000 to $3,500,000 on 1-4 unit rental properties, with additional programs for 5-8 unit multifamily, mixed-use, and short-term rentals such as Airbnb and VRBO.
What credit score do I need?
The minimum credit score is 640. Pricing and maximum leverage improve as your score increases.
Do you offer cash-out refinancing?
Yes. You can purchase, refinance, or take cash out against rental property equity. Cash-out is available up to $1,000,000.
What loan terms are available?
30-year fixed, 40-year interest-only, and adjustable-rate (ARM) options.
How is a DSCR loan different from hard money?
Hard money loans are short-term, bridge-style financing with higher costs. A DSCR loan is long-term financing, up to 40 years, designed to hold a rental property.
Which states do you lend in?
We lend in 32 states and Washington, D.C.. Contact us to confirm availability for your property.
Ready to see what your rental qualifies for?
Share a few details and a loan specialist will reach out. No obligation.
Get a Quote
No impact to credit. Fill out this form and a Mortgage Banker will guide you through the final application step.
Schedule a call at a time that works for you
Pick a day and time and a Mortgage Banker will walk you through terms for your property, answer your questions, and explain the next step. NO Cost. NO Obligation.
- Free formal pre-approval letter
- Pre-qualify in about 10 minutes
- No impact to credit to get a quote
Calendar not loading, or prefer a call back? Request a call
Request a call back
Tell us the best number and a good time in the message box. A Mortgage Banker will call you.