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Long-term & DSCR

DSCR loans that qualify on the property, not your tax returns.

Long-term rental financing underwritten to the property’s income. Buy, refinance or pull cash out of rentals in your name or an LLC, and move out of short-term hard money into 30-year debt.

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30-year options·No personal income docs·LLC closings·No upfront fees

What a DSCR loan is

A DSCR (debt service coverage ratio) loan is a long-term mortgage for investment property. Instead of verifying your personal income, the lender checks whether the property’s rent covers its monthly payment. That makes it a fit for self-employed investors, growing portfolios and anyone whose tax returns do not show their real cash flow.

Who it is for

  • Investors buying one- to four-unit rentals
  • Flippers who decide to hold and need to refinance out of hard money
  • BRRRR investors pulling cash out to fund the next deal
  • Short-term rental owners, depending on the program
  • Borrowers who want to close in an LLC

Loan programs

  • Purchase: buy a rental with long-term fixed or adjustable financing.
  • Rate-and-term refinance: replace existing debt with better terms.
  • Cash-out refinance: pull equity out for your next acquisition.
  • Interest-only options: lower payments that can improve DSCR.
  • Portfolio loans: finance multiple rentals together.

How you qualify

Lenders look at the property’s DSCR, your credit, your down payment or equity and your reserves. Many look for a ratio of 1.0 to 1.25 or higher, with better pricing for stronger coverage. Read the full DSCR loan requirements or learn how to calculate DSCR.

How it works

  1. Send the property address, rent and loan request.
  2. A broker reviews it within one business day and matches lenders.
  3. You compare term sheets and choose one.
  4. The appraisal confirms value and market rent, and you close.

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DSCR Loans guides

GuideDSCR Loan Requirements: How to QualifyRatio, credit, down payment and reserves.GuideHow to Calculate DSCR on a Rental PropertyThe formula with a worked example.GuideBRRRR: Refinancing From Hard Money Into a DSCR LoanTiming the refinance and pulling cash out.

Frequently asked questions

What is a DSCR loan?

A DSCR loan is a long-term investment property mortgage that qualifies based on the property’s rental income compared to its monthly payment, instead of the borrower’s personal income.

What DSCR do I need?

Many lenders look for a debt service coverage ratio of 1.0 to 1.25 or higher. Some programs accept lower ratios with a larger down payment.

Can I close a DSCR loan in an LLC?

Yes. Most DSCR programs allow closing in an LLC or other business entity, usually with a personal guarantee.

Do DSCR loans require tax returns?

Typically no. DSCR loans qualify on the property’s income, so personal tax returns and pay stubs are not usually required.

Can I refinance out of a hard money loan with a DSCR loan?

Yes. Refinancing a renovated, rented property from hard money into a DSCR loan is common. Lenders may have seasoning rules for cash-out refinances.

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Terms, leverage and timelines vary by lender, property and borrower qualifications. Not a commitment to lend.