DSCR loans use the rental income of the property to qualify, not your personal income. No W-2s, no tax returns, no DTI. Plug in your numbers below to see where you stand.
Use the calculator above or send me the address, and I'll pull rent comps if you don't have a lease yet.
DSCR guidelines vary a lot by lender. I check LTV, ratio floors, and prepay options across my lender panel.
No income docs to chase. Typical close in 2–3 weeks once title and appraisal are ordered.
Divide the property's monthly rent by its monthly PITIA (principal, interest, taxes, insurance, and HOA if applicable). A ratio of 1.0 means rent exactly covers the payment. Lenders use either your signed lease or an appraiser's market rent estimate, whichever applies to your situation.
Most lenders want a minimum of 620 to 660, though the best rates typically start around 700 or higher. Since DSCR loans don't look at personal income, credit score and the property's own ratio carry more weight in the approval decision.
Typically 2 to 3 weeks once title and appraisal are ordered, similar to a conventional loan, sometimes faster since there's no income documentation to collect and verify.
No. Hard money loans are short-term, higher-rate bridge financing, usually 6 to 24 months. DSCR loans are long-term, typically 30-year fixed or ARM products, priced closer to conventional rates.
Most lenders require 20 to 25 percent down, though some programs go as low as 15 percent for strong deals with higher DSCR ratios and credit scores.
No, DSCR loans are for non-owner-occupied investment property only. If you live in the property at all, even part-time, this program doesn't apply.
Tell me about the deal and I'll get back to you within one business day with real numbers, not a generic rate sheet.
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Matthew Valdovinos is a licensed loan originator (NMLS #2790738) with onDemand Lending Inc. (Company NMLS #2458551), licensed in the states below. Confirm current license status at nmlsconsumeraccess.org.