Non-QM Investment Property Financing — CA • FL • TX
DSCR Loans — Qualify on Rental Income, Not Your W-2
Debt Service Coverage Ratio loans let rental income do the qualifying. No personal income verification, no tax returns, no employment history. If the property pays for itself, you qualify.
No W-2
or tax returns needed
DSCR 1.0+
property covers the mortgage
Up to $3M+
per investment property
21 days
typical close time
The Investor Loan That Scales With Your Portfolio
Traditional lenders count every mortgage payment against your personal income. Add enough properties and suddenly you’re “over-leveraged” — even if every single property cash flows. DSCR loans break that ceiling. Each property qualifies on its own income, letting you scale your portfolio without your personal debt-to-income ratio becoming the bottleneck.
Who DSCR Loans Are Built For
- Buy-and-hold real estate investors
- Investors with multiple rental properties
- Self-employed investors whose income is hard to document
- W-2 earners who are DTI-limited due to existing properties
- Foreign nationals investing in US rental properties
- Investors scaling to 5, 10, 20+ properties
How DSCR Is Calculated
- DSCR = Monthly Gross Rent ÷ Monthly PITIA (mortgage + taxes + insurance + HOA)
- 1.0 = rent exactly covers the mortgage payment
- 1.25 = rent covers 125% of the mortgage (ideal)
- Some programs allow DSCR as low as 0.75 on strong-profile borrowers
- No DSCR programs available for certain property types
- AirDNA projections accepted for short-term rentals
What Properties Qualify for DSCR Loans
DSCR loans work across a wide range of investment property types. Long-term rentals, short-term rentals, multi-unit properties — the key is that the property generates or projects rental income.
Eligible Property Types
- Single-family investment properties (1–4 units)
- Condos and townhomes (warrantable and non-warrantable)
- Short-term rentals (Airbnb / VRBO) using AirDNA data
- Small multifamily (2–4 units) as investment property
- Mixed-use properties with residential component
- Vacation rental properties in high-demand markets
Loan Parameters
- Loan amounts: $100K to $3M+ (larger amounts available)
- Down payment: 20–25% typical (15% on some programs)
- LTV: up to 80% on most programs
- Credit score: minimum 620 (680+ for best rates)
- Fixed 30-year, 15-year, 5/1 ARM, 7/1 ARM available
- Cash-out refinance up to 75% LTV
DSCR Loan FAQ
Do I need to show any personal income for a DSCR loan?
No. Personal income, tax returns, pay stubs, and employment history are not required for DSCR loans. The property’s rental income is the sole qualification factor on the income side.
What if the property is currently vacant?
We use a market rent analysis (comparable leases in the area) to project income on vacant properties. Many purchases use projected rent rather than existing leases.
Can I use a DSCR loan for short-term rentals like Airbnb?
Yes. We use AirDNA market projections or your existing booking history to document STR income. This is one of the few programs specifically designed for short-term rental investors.
How many DSCR loans can I have at once?
Unlike conventional loans which cap at 10 financed properties, DSCR loans have no such limit. You can have multiple DSCR loans simultaneously as each property qualifies independently.
What’s the minimum DSCR I need to qualify?
Most programs require a DSCR of 1.0 or higher. Some programs allow as low as 0.75 for borrowers with strong credit and reserves. Higher DSCR ratios unlock better rates.
Can I do a cash-out refinance with a DSCR loan?
Yes. Cash-out refinances are available up to 75% LTV. Many investors use DSCR cash-out refi to pull equity from existing properties and fund new acquisitions.
Related Programs
Let the Property Qualify Itself
Tell us about the investment property and we’ll run the DSCR numbers in minutes. No commitment, no credit pull required to get started.