DSCR / Rental Loans
Long-term rental property financing based on property cash flow, not personal income. 30-year fixed-rate options available for single properties and portfolios.
DSCR (Debt Service Coverage Ratio) loans qualify based on what the property earns, not what you earn. If the property's rental income covers the debt payments, you qualify. No W-2s, no tax returns, no personal income verification.
This is the go-to product for investors building a rental portfolio. Whether you're holding a single property long-term, assembling a portfolio of 20+, or stabilizing a build-for-rent development, DSCR loans provide the permanent financing you need.
We place DSCR loans with lenders offering 30-year fixed rates from 6% to 6.5%, interest-only options, and portfolio programs. Cash-out refinancing available to recycle capital into your next deal. Core loan size is $1M to $3M, with $3M to $5M considered on an exception basis.
$1M – $3M
DSCR / Rental Loans: terms at a glance
Updated · David Hodara, Founder
| Loan size | $1M to $5M |
|---|---|
| Leverage | Up to 80% LTV |
| Term | 30-year, fixed available |
| Rate | 30-year fixed from 6% to 6.5% |
| Fee | 1-2% of the loan, paid at closing. No upfront fees |
| Term sheet | 24-48 hours |
| Closing | About two weeks on a clean file |
| Property | Single-family, 2-4 units, condo, townhome, small multifamily up to 9 units, held for investment |
| Borrowers | US investors and foreign nationals on the same terms, through an LLC. No US credit history required for non-US investors |
| Purpose | Business-purpose only, non-owner-occupied |
Long-term hold on the property's own cash flow, qualified on rent rather than personal income.
Key Features
No Income Verification
Qualify on property cash flow, not personal tax returns. DSCR as low as 1.0x.
30-Year Fixed from 6%
Lock in 30-year fixed rates from 6% to 6.5%, fully amortizing or interest-only.
Cash-Out Available
Refinance and pull equity out of stabilized properties to fund your next investment.
Portfolio Programs
Finance 5, 10, or 20+ properties under a single blanket loan.
Up to 80% LTV
Competitive leverage on purchases and refinances.
All Rental Types
Single-family, 2-4 unit, small multifamily, short-term rentals, and build-for-rent.
Ideal For
Buy and hold rental property investors
Investors building a rental portfolio
Build-for-rent developers
Short-term rental (Airbnb) investors
Self-employed investors who don't show income on tax returns
Investors refinancing out of bridge or construction loans
DSCR / Rental Loans in active state markets
Market-specific dynamics affect how dscr / rental loans get structured and priced. Browse the state × asset class pages for local context, top metros, and FAQs.
FL · Single Family & 1-4 Unit
Florida Single Family & 1-4 Unit →
FL · Fix and Flip
Florida Fix and Flip →
FL · Ground-Up Construction
Florida Ground-Up Construction →
FL · Small Multifamily (5-9 Units)
Florida Small Multifamily (5-9 Units) →
FL · SFR Portfolio
Florida SFR Portfolio →
TX · Single Family & 1-4 Unit
Texas Single Family & 1-4 Unit →
TX · Fix and Flip
Texas Fix and Flip →
TX · Ground-Up Construction
Texas Ground-Up Construction →
TX · Build-for-Rent
Texas Build-for-Rent →
TX · Small Multifamily (5-9 Units)
Texas Small Multifamily (5-9 Units) →
CA · Single Family & 1-4 Unit
California Single Family & 1-4 Unit →
CA · Ground-Up Construction
California Ground-Up Construction →
CA · Small Multifamily (5-9 Units)
California Small Multifamily (5-9 Units) →
NY · Small Multifamily (5-9 Units)
New York Small Multifamily (5-9 Units) →
AZ · Single Family & 1-4 Unit
Arizona Single Family & 1-4 Unit →
AZ · Ground-Up Construction
Arizona Ground-Up Construction →
AZ · Build-for-Rent
Arizona Build-for-Rent →
GA · Single Family & 1-4 Unit
Georgia Single Family & 1-4 Unit →
GA · Ground-Up Construction
Georgia Ground-Up Construction →
GA · Build-for-Rent
Georgia Build-for-Rent →
TN · Single Family & 1-4 Unit
Tennessee Single Family & 1-4 Unit →
TN · Ground-Up Construction
Tennessee Ground-Up Construction →
TN · Build-for-Rent
Tennessee Build-for-Rent →
NC · Single Family & 1-4 Unit
North Carolina Single Family & 1-4 Unit →
NC · Ground-Up Construction
North Carolina Ground-Up Construction →
NC · Build-for-Rent
North Carolina Build-for-Rent →
Plan your dscr / rental loans
Run the numbers
Estimate your payments →Related guides
- DSCR loan on an Atlanta rental held in an LLC→
- DSCR mortgage for an LLC rental: how it works→
- DSCR loan for a foreign national through a US LLC→
- Best foreign national lender for US investment property→
- Financing a California rental through an LLC as a non-US investor→
- Getting an EIN without a Social Security number→
- Form 5472 for a foreign-owned US LLC→
- What rate a foreign national pays→
- Cash-out refinance for a foreign owner→
- Do you need an ITIN? (No, the LLC uses its EIN)→
- Canadian investors financing through a US LLC→
- Financing a Florida short-term rental from abroad→
- Duplex to fourplex financing for foreign nationals→
Related financing
Frequently Asked Questions
Is a DSCR loan a DSCR mortgage for an LLC rental?
Yes. It is a DSCR mortgage for an LLC: a business-purpose mortgage made to the company that owns the rental, secured by that non-owner-occupied investment property and sized on its rent. It is not a consumer mortgage, so no personal income is verified and it is not available for a property you live in. US and foreign owners borrow on the same terms.
How is DSCR calculated?
DSCR (Debt Service Coverage Ratio) is calculated by dividing the property's annual net operating income (NOI) by the annual debt service (total loan payments including principal and interest). For example, a property with $120,000/year in rental income and $10,000/year in expenses has an NOI of $110,000. If annual loan payments are $88,000, the DSCR is 1.25x ($110,000 / $88,000). Most lenders require a minimum DSCR of 1.0x to 1.25x.
Can I get a DSCR loan on a short-term rental (Airbnb)?
Yes. Many DSCR lenders now accept short-term rental income from platforms like Airbnb and VRBO. Income is typically verified using a 12-month rental history, AirDNA projections, or a combination of both. Some lenders may apply a discount to projected STR income (using 75-90% of projections) to account for vacancy and seasonality.
What is the minimum down payment for a DSCR loan?
Most DSCR purchase programs require 20-25% down (75-80% LTV). For cash-out refinances, maximum LTV is typically 70-75%. The exact requirement depends on the property type, DSCR ratio, and credit score. Properties with higher DSCR ratios (1.25x+) and borrowers with 720+ credit scores may qualify for the highest leverage.
Do DSCR loans require personal income verification?
No. DSCR loans do not require W-2s, tax returns, pay stubs, or any personal income documentation. The loan qualifies entirely on the property's rental income and its ability to cover the debt payments. This makes DSCR loans ideal for self-employed investors, business owners, and anyone who may not show strong personal income on paper.
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Submit a DealDisclosure: Passy Capital LLC, a Florida limited liability company (registered at 7901 4th St N, Ste 300, St. Petersburg, FL 33702), is a commercial real estate financing brokerage, not a direct lender. All loans are placed through third-party lenders and are subject to lender approval, underwriting, credit, property, and other criteria. Rates, terms, and conditions vary by lender, borrower profile, and deal specifics. Information presented does not constitute a commitment to lend. Loans are for business purposes only and made to limited liability companies or other entity borrowers; they are not offered to consumers and are not for personal, family, or household use. Programs are available in select states; licensing requirements vary by jurisdiction.