DSCR loans that qualify on the rent, not your tax returns.
Buy, refinance or cash out on rental property with a loan based on the property’s cash flow. No W-2s, no tax returns, no pay stubs.
- Purchase, rate/term refinance and cash-out refinance
- Single-family through multifamily
- Close in your LLC
- See your estimate before you talk to anyone
What is a DSCR loan?
A DSCR loan is a mortgage for investment property that is approved mainly on the debt service coverage ratio: how much rent the property brings in compared with what it costs to carry. Instead of asking for your tax returns and pay stubs, the lender looks at the property.
Who DSCR loans are for
- Investors who own several properties and show low taxable income on paper
- Self-employed borrowers who do not want to document personal income
- Buyers adding rentals quickly who need approval to move at the speed of the market
- Owners who want to refinance or pull cash out of a rental
What we look at
- The property’s rent compared with its monthly payment (the DSCR)
- Credit score and the loan-to-value of the deal
- Property type and location
- Cash reserves and your experience as an investor
Credit, leverage and pricing depend on the whole picture, which is why the estimator asks a few questions first.
Documents you will typically need
- Government-issued photo ID
- Recent bank statements
- Entity documents if you are closing in an LLC (formation docs and operating agreement)
- Lease agreements or a rent estimate for the property
- Insurance for the property
Property types
Single-family homes, 2–4 unit properties, condos and multifamily. Mixed-use and unusual properties are handled case by case — just ask.
Common questions
Quick tools
Check how your property stacks up before you apply.
Do I need tax returns for a DSCR loan?
Generally no. DSCR loans qualify the property’s income instead of your personal income, so tax returns, W-2s and pay stubs are typically not required.
What DSCR do I need?
A DSCR of 1.0 or higher means the rent covers the payment. Many programs like to see more cushion, and some will consider a lower ratio with less leverage. The estimator and a loan officer can show you where your deal lands.
Can I close in an LLC?
Yes. Most investors close DSCR loans in an LLC or similar entity.
Can I use a DSCR loan to pull cash out?
Yes. Cash-out refinances are available, subject to the property’s value, rent and your loan-to-value.
How is a DSCR loan different from a conventional loan?
Conventional loans are based on your personal income and debt-to-income ratio. DSCR loans are based on the property’s rent versus its payment. See the full comparison.
Buying a rental? See your DSCR, cash flow, cash-on-cash return and 5-year total return, financed vs. all-cash.
See what your rental can qualify for
Get a ballpark in about a minute, then exact numbers from a loan officer.
Get My DSCR Estimate