DSCR Rental
For LLCs and corporations buying or refinancing a rented or rentable 1–4 unit property, qualified on the property's rent instead of your income.
Rather talk it through? Call or text Tyler at 408-459-8133.
At a glance
The terms
Terms as of November 8, 2026. Subject to approval by underwriting.
- Loan size
- $75,000 – $2,000,000
- Leverage
- Up to 80% LTV purchase and rate/term; 75% cash-out, by credit
- DSCR
- 1.05 minimum (rent ÷ PITIA)
- Term
- 30 years: fixed, 5/6, 7/6 or 10/6 ARM; interest-only options
- Credit
- 660 minimum mid-score
- Rate and points
- From your personalized quote
A non-binding estimate as of November 8, 2026; not a pre-approval or pre-qualification. Terms as of November 8, 2026.
Who it's for
Investors who hold rentals for the long run
- An LLC or corporation buying or refinancing a rented or rentable 1–4 unit property.
- Qualified on the property's rent, with no income documents.
- No experience required; guarantors with a 660+ mid-score.
How leverage is set
Credit sets the loan-to-value
The lowest mid-score among the guarantors sets the maximum loan as a share of the property's value (or the price, if lower).
Maximum loan-to-value, up to
| Credit | Purchase | Rate/ | Cash-out |
|---|---|---|---|
| 700+ | 80% | 80% | 75% |
| 680–699 | 75% | 75% | 70% |
| 660–679 | 65% | 65% | 60% |
| Foreign national | 65% | 65% | 60% |
The rules behind the table
- Monthly rent divided by the full monthly payment (PITIA) must reach 1.05 .
- A cash-out refinance is not available in the first 90 days of ownership. From day 91 through day 180 it needs a statement of completed work.
Not eligible Property types, locations and borrowers
Property types
- Non-warrantable condos
- Mixed use
- 5+ units
- Condotels
- Co-ops
- Mobile or manufactured homes
- Commercial property
- Cabins and log homes
- Oil and gas lease property
- Leasehold property
- Operating farms, ranches and orchards
- Vacation or seasonal rentals
- Unique, exotic or luxury property
- Unpaved or dirt-road access
- Rural property
Locations
- Property in Arizona, California, Idaho, Minnesota, Nevada, North Carolina, North Dakota, Oregon, South Dakota, Utah or Vermont
- Lee, Charlotte, Sarasota and Collier counties in Florida
- Baltimore City
Borrowers and use
- Individuals: borrow through an LLC or corporation
- Owner-occupied, personal or family use
What you'll need
Documents for a rental loan
You don't need all of this to start. Tyler tells you what's due when.
Purchase
- Bank statements for the last three months
- The purchase contract, plus the contracts from each earlier sale if a wholesaler assigned it
- Leases, if the property is rented
- The tax certificate
- Entity documents: Certificate of Formation, EIN letter, Operating Agreement and a recent Certificate of Good Standing with the state's seal
- The condo questionnaire for a condo, and the association fee document for any property in an association
- An attorney opinion letter when the loan is over $1,000,000 (over $500,000 in New Jersey and New York, over $2,000,000 in Hawaii)
Refinance
- Bank statements for the last two months
- The original settlement statement or the deed from your purchase
- Leases
- The tax certificate
- A payoff statement for the loan being paid off
- Entity documents: Certificate of Formation, EIN letter, Operating Agreement and a recent Certificate of Good Standing with the state's seal
- The condo questionnaire for a condo, and the association fee document for any property in an association
- An attorney opinion letter when the loan is over $1,000,000 (over $500,000 in New Jersey and New York, over $2,000,000 in Hawaii)
Insurance: General liability of $500,000 per occurrence and $1,000,000 aggregate, or $500,000 per occurrence with no aggregate. Property coverage of the greater of 80% of replacement cost or the loan value when replacement cost exceeds the loan. Business-interruption coverage of 12 months. Mortgagee clause: provided at closing.
Worked example
A single rental, rent against payment
A $300,000 purchase with 720 credit, one unit rented at $2,400 a month.
- Purchase price and appraisal$300,000
- Credit720
- Monthly rent$2,400
- Taxes and insurance, monthly$300 and $100
Maximum loan
$240,000
Shown at an assumed 7.5% 30-year fixed rate. Monthly rent divided by the full payment gives the DSCR. Subject to approval by underwriting.
Rates shown are examples. Your actual rate and terms depend on credit, experience, leverage, property and market.
A non-binding estimate as of November 8, 2026; not a pre-approval or pre-qualification. Terms as of November 8, 2026.
Run your own numbersHave a rental in front of you?
Questions
DSCR Rental questions
Do foreign nationals qualify?
Yes, on rental loans, with a valid passport and visa (the Visa Waiver Program is accepted). Leverage is lower: up to 65% on a purchase and 60% on a cash-out refinance, and you show 12 months of reserves.
Do I need experience?
For rental loans, no experience is required. For Fix & Flip, first-time investors qualify at the first experience tier with a credit score of 680 or better, a light rehab (no more than 25% of the price and $100,000), a property in a market you already know, and a projected return of at least 30%. Ground-up construction needs prior ground-up projects: 1–2 for a standard loan. A multifamily bridge needs an experienced sponsor.
What credit score do I need?
On Fix & Flip loans the minimum is 660, or 680 for borrowers at the lowest experience tiers. Lower scores, down to 600, are considered case by case. Rental loans need a mid-score of 660 or better, and ground-up loans 680. A bankruptcy or foreclosure must be at least 4 years old on a Fix & Flip loan and 3 years old on a rental loan.
What about rental (DSCR) loans?
Rental loan amounts run $75,000 – $2,000,000, over a term of 30 years, fixed or adjustable, with interest-only options. Leverage reaches 80% of value on a purchase or rate-and-term refinance and 75% on a cash-out refinance, by credit. The property has to cover its payment: the minimum DSCR is 1.05 , and the credit minimum is 660. No income documents are needed.
Can I do a portfolio of rentals?
Yes, with a Portfolio Rental loan. One loan can cover 2–10 properties, with at least $50,000 allocated to each, a minimum property value of $72,000, occupancy of at least 90% and a loan of up to $2,000,000. Read about Portfolio Rental loans or apply online.
Which property types are excluded?
Mixed-use properties, buildings over the unit limit for the program, condotels, co-ops, manufactured homes, commercial properties, log homes, oil and gas leases, leasehold properties, farms and ranches, vacation or seasonal rentals, luxury or unusual properties and properties on unpaved roads are not eligible. Rural properties are not allowed on rental loans, and non-warrantable condos are not eligible on either program.