DSCR loans. Qualify on the rent, not your tax returns
Buy or refinance a rental based on what the property earns. We shop your deal with 130+ lenders, including the ones that specialize in investors.
What a DSCR loan is
DSCR stands for debt service coverage ratio. It compares the property's rent with its monthly payment, including taxes, insurance and any HOA dues.
Because the property qualifies itself, there are no W-2s, pay stubs or personal tax returns to gather. That makes it a favorite for investors with write-offs or more than a few doors.
Who it fits
- Investors buying a long-term or short-term rental
- Owners who want to refinance a rental or take cash out of one
- Self-employed borrowers whose tax returns show less than they earn
- Investors who want to close in an LLC
How it works with us
- Tell us about the propertyAddress, rent (current lease or market rent) and your plan: buy, refinance or cash out.
- One soft pullWe check your credit once, without affecting your score, and shop the file with 130+ lenders.
- Pick the best fitLenders weigh the rent, credit, down payment and reserves differently. We find the one whose rules fit your deal.
- CloseWe keep the appraisal, rent schedule and title moving, and get you to closing.
What to have on hand
You don't need all of it to start. The application tells you what's missing.
- Photo ID
- Purchase contract or current mortgage statement
- Lease agreements, if the property is rented
- Bank statements showing down payment and reserves
- LLC documents, if closing in an entity
Good to know
Do I need tax returns for a DSCR loan?
No. A DSCR loan qualifies on the property's rental income, so personal tax returns, W-2s and pay stubs aren't needed.
What if the rent doesn't cover the payment?
Some lenders offer no-ratio DSCR loans that focus on the property and your experience instead of a rent-to-payment test. We shop both.
Can I use a DSCR loan for a short-term rental?
Yes, many of our lenders accept short-term rental income. Each one documents it a little differently, which is why shopping 130+ lenders helps.
Can I close in my LLC?
Yes. DSCR loans are built for investors, and most of our DSCR lenders let you take title in an LLC.