DSCR Investor Financing
Rental property loans, qualified on the property.
A DSCR loan qualifies you on the rental property's income instead of your personal income. If the rent covers the payment, the file works — typically with no tax returns, no W-2s, and no debt-to-income ratio.
Long-term rentals, short-term and Airbnb properties, and two-to-four unit small multifamily. Purchase or refinance, in your name or your LLC.
DSCR Calculator
Estimate onlyFor estimating only. Figures are not a quote, a rate, or an offer of credit. Actual payment, program availability, and qualification are determined by the lender at underwriting.
Programs
What we finance
Every program below is underwritten on the property's coverage ratio rather than your personal income.
Long-term rental
DSCR purchase & refinance
The core program. Single-family rentals, condos, and townhomes qualified on the in-place lease or the appraiser's market rent.
- Qualifies onProperty rent
- Income docsTypically none
- VestingLLC commonly OK
Short-term rental
Airbnb & STR financing
Nightly-rate income that conventional underwriting struggles with, documented through operating history or a market projection.
- Income basis12-mo revenue
- No historyProjection
- RequirementSTR permitted
Small multifamily
Duplex through fourplex
Two-to-four unit residential. Combined rent against one payment often produces stronger coverage than a single-family rental.
- Units2–4 residential
- Rent basisAll units
- OccupancyNon-owner
Equity access
Cash-out refinance
Pull equity out of a performing rental to fund the next purchase, underwritten the same way — on the property, not on you.
- Use of fundsBusiness purpose
- Equity retainedHigher
- PortfolioNo cap
Program details shown are general and reflect common industry practice — they are not guidelines of any specific lender, not a commitment to lend, and not an offer of credit. Availability and qualification are determined at underwriting.
Process
Four steps from property to closing
Run the ratio
Rent divided by the full payment. Thirty seconds in the calculator tells you whether the property carries itself before you spend time on it.
Send the scenario
Market, expected rent, price or payoff, and target loan amount. That's enough for a straight answer on structure and fit.
Property verification
Appraisal with a rent schedule, plus leases or operating history. Assets and credit are verified — personal income generally is not.
Close
Commonly in an LLC if that's how you hold. Entity documents should be sorted early rather than during underwriting.
Common fits
Where DSCR solves the problem
Self-employed investors
Write-offs that help in April hurt in conventional underwriting. DSCR reads the property instead.
Out of conventional slots
Agency financing caps financed properties. DSCR programs generally don't apply that limit.
Short-term rental operators
Nightly income is hard to document conventionally and commonly accepted on DSCR.
LLC and entity buyers
Business-purpose loans commonly permit vesting in an entity at closing.
Out-of-state investors
The property qualifies itself, so buying where you don't live is routine.
Portfolio builders
Each loan stands on its own property's coverage, so the portfolio can keep growing.
Free download
The DSCR Investor Checklist
The documents, property details, and numbers to have ready before you apply — so the file moves instead of stalling. One page.
Questions investors ask first
DSCR loan FAQ
What is a DSCR loan?
A DSCR loan is an investment property mortgage that qualifies you on the property's rental income instead of your personal income. Lenders compare the property's gross rent to its monthly payment to produce a debt service coverage ratio. Because qualification rests on the property, DSCR loans generally do not require tax returns, W-2s, pay stubs, or a personal debt-to-income ratio.
How is DSCR calculated?
DSCR equals gross monthly rent divided by the full monthly payment — principal, interest, taxes, insurance, and association dues. A property renting for $2,400 against a $2,000 PITIA has a DSCR of 1.20.
Do DSCR loans require tax returns or proof of income?
Typically no. Personal income documentation is generally not required, because the loan is underwritten against the property. Lenders still verify assets for down payment and reserves, credit history, and the property's rental income through a lease or a market rent appraisal addendum.
Can a DSCR loan be used for short-term rentals or Airbnb properties?
Yes. Many DSCR programs allow short-term rental income, though it is documented differently than a long-term lease — commonly a 12-month operating history from the platform's statements, or a market-based projection when the property has no history.
Are DSCR loans available for duplexes and fourplexes?
Yes. Two-to-four unit residential properties are commonly eligible. The ratio uses the combined gross rent from all units against the property's single monthly payment, which is why small multifamily often produces stronger coverage than a comparable single-family rental.
How many properties can be financed with DSCR loans?
DSCR programs generally do not impose the same financed-property limits found on conventional investment financing — a common reason investors move to DSCR after several purchases. Each loan is underwritten on its own property's coverage.
Guides
The math, worked out
Loan comparison
DSCR vs. conventional
Why $112 a month is often the gap between an approval and a decline.
Read →Qualification
Minimum down payment
How each 5% increment moves the ratio on a $400,000 property.
Read →Short-term rental
How Airbnb income counts
The same property at 1.49 on STR income and 0.84 on a long-term lease.
Read →Next step
Send the property. Get a straight answer.
Market, expected rent, price or payoff, target loan amount. That's all it takes to find out whether the deal works — no credit pull, no application.