• No tax returns required - ever
• No W-2s, no 1099s, no pay stubs, no profit-and-loss statements
• No DTI calculation (the cap that disqualifies many self-employed borrowers from conventional)
• Same FICO bands, LTVs, and rates as W-2-employee DSCR borrowers
• LLC vesting standard for self-employed investors

• Real estate investor, sole proprietor, S-corp owner, partnership, or LLC owner
• You can demonstrate sufficient reserves (typically 2-6 months of PITI) - bank or brokerage statements accepted
• Credit allows: 620+ FICO for standard programs, lower bands available with reserves substitute
• You want to keep your tax returns private from the underwriter

No income docs means a much shorter document checklist. You provide ID, credit auth, two months of bank statements (for reserves), and any property-specific docs (lease, mortgage statement, insurance dec page). The lender pulls credit, orders the appraisal, and underwrites the property's DSCR ratio. Your business structure, K-1 distributions, depreciation, or anything else from your tax return does not enter the loan file.

• Reserves still matter. Most DSCR programs want 6 months of PITI in liquid reserves; for self-employed borrowers, document this from business or personal accounts.
• Sub-1.0 DSCR programs typically require higher reserves (12+ months) - self-employed borrowers often have these from operating capital, which works in your favor.
• LLC vesting is encouraged. Many self-employed investors hold rentals in an LLC for liability separation and clean tax accounting.
• Long-term self-employed borrowers with strong tax returns sometimes can save on rate by switching to bank-statement or conventional loans - but the convenience of DSCR is usually worth the small rate premium.