DSCR loans
DSCR loans for rental property: up to 80% LTV, qualified on the rent.
Long-term financing for 1–4 unit rentals, multifamily and mixed-use — purchase, refinance or cash-out. No tax returns, no W-2s, no personal debt-to-income. Rates from 6.25%, and properties with a DSCR as low as 0.75x can still qualify.
How DSCR is calculated
DSCR = gross monthly rent ÷ monthly PITIA (principal, interest, property taxes, insurance and HOA dues). A property renting for $2,600 with a $2,000 payment has a DSCR of 1.30.
At 1.0 or above, the full leverage matrix below applies. Below 1.0 — down to 0.75x — the property can still qualify with a stronger credit score and lower leverage.
Who qualifies
- Experienced investors: have owned and managed investment property for at least 12 months.
- First-time investors: have purchased a property before, 700+ FICO, own a primary residence, single-unit subject property (SFR, condo, townhome) with DSCR above 1.0.
- Title held in an LLC. Non-owner-occupied only. Full appraisal required.
Program snapshot
- Max LTV, purchase
- 80%
- Max LTV, cash-out
- 75%
- Rates from
- 6.25%
- Min FICO
- 640 (650 if DSCR < 1)
- Min DSCR
- 0.75x
- Max loan, 1–4 units
- $3.5M
- 5+ units / mixed-use
- $400k – $2M
- Prepayment options
- 1 to 5 years
DSCR leverage matrix — 1–4 unit rentals, DSCR 1.0 or higher
| Min FICO / max loan | Purchase | Rate-and-term | Cash-out |
|---|---|---|---|
| 700 · $1.5M | 80% | 75% | 75% |
| 700 · $2.0M | 75% | 70% | 70% |
| 700 · $3.5M | 70% | 65% | 65% |
| 660 · $1.0M | 75% | 75% | 70% |
| 660 · $1.5M | 75% | 70% | 70% |
| 660 · $2.5M | 70% | 65% | 65% |
| 660 · $3.0M | 65% | — | — |
| 640 · $1.0M | 75% | 70% | — |
| 640 · $1.5M | 65% | 65% | — |
| 640 · $2.0M | 65% | — | — |
| 640 · $3.0M | 60% | — | — |
DSCR below 1.0 (down to 0.75x)
| Min FICO / max loan | Purchase | Rate-and-term | Cash-out |
|---|---|---|---|
| 700 · $1.5M | 75% | 70% | 70% |
| 700 · $2.0M | 70% | 65% | 65% |
| 700 · $2.5M | 65% | — | — |
| 700 · $3.0M | 60% | — | — |
| 680 · $1.5M | 70% | 65% | — |
| 680 · $2.0M | 65% | 60% | — |
| 680 · $3.0M | 60% | — | — |
| 650 · $1.0M | 65% | — | — |
Prepayment penalty options
| Option | Schedule |
|---|---|
| 5-year | 5 / 4 / 3 / 2 / 1% |
| 4-year | 4 / 3 / 2 / 1% |
| 3-year | 3 / 3 / 3% |
| 2-year | 3 / 3% |
| 1-year | 3% |
A longer penalty usually buys a lower rate. If you might sell or refinance early, the shorter option can cost less overall — here is how to compare them.
5+ units and mixed-use
Stabilized apartment buildings and mixed-use property qualify with a 700 FICO and DSCR above 1.0: up to 75% on purchases to $1.5M and 70% to $2M. Minimum loan $400,000. Full rules on the multifamily and mixed-use page.
DSCR loan questions
What is the minimum DSCR to qualify?
0.75x. Between 0.75 and 1.0 you need at least a 650 credit score and the loan-to-value drops; at 1.0 or higher the full matrix up to 80% applies.
Do DSCR loans require tax returns?
No. The loan is qualified on the property’s rent against its payment, not your personal income. Expect a credit check, an appraisal with a rent schedule, bank statements for reserves and LLC documents.
Can a first-time investor get a DSCR loan?
Yes, if you have purchased a property before, have a 700+ credit score, own your primary residence, and the rental is a single unit with DSCR above 1.0.
How much can I cash out?
Up to 75% of value with a 700 score on loans to $1.5M, stepping down with loan size and credit. Own the property 12 months to use the appraised value.
Easy Lending USA is not a lender, a bank, or a mortgage broker. We introduce real estate investors to independent private lenders, who make every credit decision. Business-purpose loans only, made to LLCs and secured by non-owner-occupied property. No upfront fees of any kind.