Compare programs based on your property and financing goal.
Final program details are verified by the lender for the specific property and transaction.
A clear starting point
Program details are lender-verified, not assumed
Compare DSCR loan programs for investment properties, including purchase, refinance, cash-out refinance, short-term rental, LLC, and multifamily scenarios. Each program page covers the property and financing factors lenders evaluate, subject to lender-specific eligibility, documentation, pricing, and terms.
For a detailed discussion of how these factors shape eligibility, see how DSCR works.
DSCR Loan Program Guidelines
DSCR loan programs for investment properties can vary by lender, property, borrower, and transaction type. The parameters below illustrate examples of available program guidelines that may exist for qualifying scenarios. They are not universal requirements or guarantees.
Program parameter
Example availability
Purchase
Down payments as low as 20% / up to 80% LTV for qualifying scenarios
Rate-and-term refinance
Up to 80% LTV for qualifying scenarios
Cash-out refinance
Up to 75% LTV for qualifying scenarios
DSCR
Some available programs may allow DSCR down to approximately 0.75
Credit
Some available programs may begin around 620–640 FICO
Loan amounts
Approximately $75,000–$5,000,000+
Qualification basis
Primarily based on investment-property rental income and cash flow rather than traditional personal income qualification
Property use
Investment properties only
Purchase
Down payments as low as 20% / up to 80% LTV for qualifying scenarios
Rate-and-term refinance
Up to 80% LTV for qualifying scenarios
Cash-out refinance
Up to 75% LTV for qualifying scenarios
DSCR
Some available programs may allow DSCR down to approximately 0.75
Credit
Some available programs may begin around 620–640 FICO
Loan amounts
Approximately $75,000–$5,000,000+
Qualification basis
Primarily based on investment-property rental income and cash flow rather than traditional personal income qualification
Property use
Investment properties only
These are examples of available program parameters, not universal requirements or guarantees. Eligibility, maximum LTV, DSCR requirements, credit requirements, loan amounts, pricing, documentation, and underwriting vary by lender, property, borrower, and program.
To estimate your property's DSCR and LTV, use the DSCR loan calculator. For a detailed breakdown of how these parameters apply to eligibility, see DSCR loan requirements.
DSCR Purchase Loans
Eligible investment-property purchases may qualify for DSCR financing primarily using the property's rental cash flow rather than traditional personal income. Select programs may offer up to 80% LTV — a 20% down payment — for qualifying purchase scenarios, subject to lender, property, and program requirements.
QUESTIONS TO ORGANIZE
What is the property type, location, and intended occupancy?
What are the estimated purchase price, requested loan amount, and rental income?
Which program-specific documentation will the lender require?
Eligible investment properties may be refinanced using DSCR-based qualification, with the property's rental cash flow as the primary income consideration. Select rate-and-term refinance programs may allow up to 80% LTV for qualifying scenarios, subject to lender, property, and program requirements.
QUESTIONS TO ORGANIZE
What is the current loan balance and estimated property value?
How does the lender evaluate the property’s rental income and expenses?
What timing, documentation, and program limits apply?
Eligible investors may access available property equity through a DSCR cash-out refinance, with qualification based primarily on the property's rental cash flow. Select programs may allow up to 75% LTV for qualifying cash-out scenarios, subject to lender, property, and program requirements.
QUESTIONS TO ORGANIZE
What is the current debt, estimated value, and requested cash-out amount?
How will the lender review rental income, expenses, and reserves?
What program-specific limits and documentation apply?
Select DSCR programs may consider eligible short-term rental properties, including Airbnb and vacation rental investments, using qualifying rental income as the primary qualification basis. Rental-income documentation and treatment for short-term rentals vary by lender and program.
QUESTIONS TO ORGANIZE
What is the property type, location, and intended rental use?
How may the lender review rental-income documentation and recurring expenses?
Which program-specific documentation and property requirements apply?
Eligible investment properties may be financed while vested in an LLC or other qualifying entity under select DSCR programs. Availability is subject to entity structure, guarantor requirements, documentation, and lender-specific program guidelines.
QUESTIONS TO ORGANIZE
How is the ownership entity structured for the property?
What documentation may be needed for the entity and property?
Which lender and program requirements apply to the scenario?
DSCR financing may be available for eligible one-unit investment and rental properties across purchase, rate-and-term refinance, and cash-out refinance scenarios. Qualification is based primarily on the property's rental cash flow rather than personal income, subject to lender and program requirements.
QUESTIONS TO ORGANIZE
Is the home intended as an eligible investment or rental property?
What rental-income support and property obligations may a lender review?
Is the financing objective a purchase, refinance, or cash-out refinance?
Eligible 2–4 unit investment properties may qualify under select DSCR programs, with rental cash flow as the primary qualification basis. Program availability, eligible unit counts, and underwriting treatment vary by lender and program. These programs are generally for residential investment properties; commercial multifamily eligibility varies.
QUESTIONS TO ORGANIZE
What is the property type, unit count, location, and intended occupancy?
How may rental income, expenses, and property documentation be reviewed?
Which lender and program requirements apply to the scenario?
First-time home buyers and first-time investors may qualify for select DSCR programs to purchase an investment property. Select programs may allow gift funds or a seller gift of equity toward the required equity contribution.
QUESTIONS TO ORGANIZE
Is the property intended as an investment or rental property?
Are eligible gift funds available for the required down payment?
Which program-specific documentation and eligibility requirements apply?
Select DSCR programs may be available to international investors purchasing or refinancing eligible U.S. investment properties, with qualification based primarily on property rental income and cash flow rather than U.S. employment income. Availability is subject to lender-specific identity, asset, property, and documentation requirements.
QUESTIONS TO ORGANIZE
Which property type, location, rental strategy, and transaction goal apply?
What rental-income, property, asset, and identity documentation may be reviewed?
Which lender and program requirements apply to the borrower and property scenario?
This page is for educational purposes only and does not constitute a loan offer, approval, commitment, or guarantee. Loan eligibility, pricing, rates, terms, qualifying calculations, property requirements, and documentation vary by lender and program. A lender will provide the applicable disclosures and verify details for a specific transaction.
Start with the property, then explore the right questions
Use the loan-options pathway to share your transaction type and property details. A DSCR loan specialist can help you understand the next steps for your scenario.
