DSCR investor loans.

A DSCR loan (debt service coverage ratio) is a mortgage for a rental property that is underwritten on the property's income rather than on your personal income. The ratio compares the property's rent to its monthly housing payment; if the rent covers the payment to the lender's standard, the loan can work without W-2s, pay stubs or tax returns. Available for long-term and, with many lenders, short-term rentals.

Real estate investors buying or refinancing rental properties — from a first rental to a growing portfolio — and self-employed investors whose tax returns don't reflect their ability to carry the loan. Properties can be in Florida or in most other states.

A property that rents (or will rent, per an appraiser's market rent analysis) for enough to cover its payment; a credit history that meets the lender's standards; the down payment and reserves the program requires; and an entity or personal vesting, depending on the lender. No employment or income documentation for most programs.

DSCR loans are business-purpose loans on non-owner-occupied property; they are not for a home you'll live in. We offer them in AK, AL, AR, CO, CT, DC, DE, FL, GA, HI, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NC, NE, NH, NJ, NM, NY, OH, OK, PA, RI, SC, TN, TX, VA, WA, WI and WY.