DSCR · Investor Spear

Qualify off the rent. Not your W-2.

DSCR loans use the property's projected rent — divided by your mortgage payment — to qualify the file. No tax returns. No DTI calculation. Close in your LLC. The fastest path to a 5th, 10th, or 20th rental property.

No personal income docs — qualify off DSCR ratio (rent ÷ PITIA)
1–4 unit investment property, condo, short-term rental
Close in LLC — keep personal credit clean
DSCR as low as 0.75 on some programs (yes, even cash-flow-negative)
20% down standard, 25% for best pricing
30-yr fixed, IO, ARM — your math, your terms

Get my comparison (407) 201-4403

NMLS# 2718409Equal Housing Opportunity

Best fit when

DSCR is the right tool when…

Buying rental #2, #3, #5 or #10

Conventional caps you at 10 financed properties. DSCR has no cap — scale as far as your reserves go.

Short-term rental / Airbnb

Specific STR-DSCR programs use AirDNA or actual booking history to qualify the file.

Self-employed real-estate investor

Your tax returns show $0 (you wrote everything off). DSCR doesn't care — the property's rent is the income.

Closing in an LLC

Asset protection, scalability, clean separation. Conventional loans can't close in LLC. DSCR can.

Cash-out refi on existing rental

Pull equity, recycle into the next purchase. DSCR cash-out to 75% LTV available.

Foreign national / non-resident

ITIN and foreign-national DSCR programs available. ITIN borrowers welcome.

Dr. Rate lab note

For investors, the property has to pass its own lab test.

Rent, PITIA, reserves, and LLC structure all matter. We use the DSCR math first, then shop the file to lenders that actually want that property type.

Run the calculators

Program details

What the lenders actually require.

Income docs

None. Qualified off the property's projected or actual rent.

DSCR ratio

Most programs need 1.00+ (rent equals or exceeds PITIA). Some allow 0.75 with reserves and 25% down.

Credit score

Most programs start at 660. Best pricing at 720+.

Down payment

20% – 25% standard. 30%+ unlocks lowest rates.

Loan amount

$100K – $3.5M. No cap on number of financed properties.

Reserves

6 – 12 months PITIA depending on credit and DSCR.

Closing

LLC, S-Corp, or personal name. Most investors close in LLC.

Real scenario

Real scenario — Kissimmee STR investor.

Investor buying a 4-bed near Disney for short-term rental. AirDNA projection: $7,400/mo. Purchase price $620K. 25% down. Borrower has 6 financed rentals already (over conventional cap). 740 credit. Closed in LLC.

DSCR ratio

1.27

Loan amount

$465,000

Rate / APR

7.625% / 7.84%

Cash to close

$170,800

Sample only. Actual rates depend on full file review at lock.

FAQ

Questions borrowers ask first.

Will the lender pull my tax returns?

No. DSCR programs do not require tax returns or W-2s. Credit pull, asset verification, and the property's rent — that's the file.

Can I close in an LLC?

Yes. Most DSCR investors do. The LLC must be in good standing, and you'll personally guarantee the loan. We coordinate with your CPA / attorney.

Are STR / Airbnb projections accepted?

On STR-DSCR programs, yes — most use AirDNA or actual 12-month booking history. Long-term-rental DSCR programs use a 1007 rent schedule.

How many DSCR loans can I have?

No cap. We have investors with 25+ DSCR loans across multiple lenders. Reserves are the practical limit.

Next step

Stop letting conventional caps stall your portfolio.

Send the address (or just the criteria). We come back with DSCR options across 40+ wholesale lenders, including STR-specific programs and LLC closings.

Get my comparison (407) 201-4403

No credit pull · No application fee · Equal Housing Opportunity

Dr. Rate says: compare the real payment, not just the headline rate.