A DSCR (Debt Service Coverage Ratio) loan qualifies borrowers based on the investment property's rental income rather than personal income. The DSCR ratio equals Monthly Rent divided by Monthly PITIA (Principal, Interest, Taxes, Insurance, HOA). No tax returns or income verification are required. Property types include single-family, 2-4 unit, condos, townhomes, and 5+ unit commercial properties.

What are current DSCR loan rates?

DSCR loan rates vary by FICO score, LTV, DSCR ratio, and property type. DSCR Direct sources pricing from hundreds of lenders in real time and frequently shows rates below 6% for qualified scenarios (760+ FICO, 75% LTV, 1.25+ DSCR). Rates are available in all 50 states. Visit dscrdirect.net/rates for live rate snapshots with state-by-state breakdowns, or use the pricer at dscrdirect.net for your exact rate.

Do DSCR loans require tax returns?

No. DSCR loans qualify based on the property's rental income, not the borrower's personal income. No tax returns, W-2s, or pay stubs are required. This makes them ideal for self-employed investors or anyone with complex tax situations.

What FICO score do I need for a DSCR loan?

DSCR lenders require a minimum FICO score of 600. The best rates are available at 740+. Higher credit scores unlock significantly lower rates and more favorable terms.

How fast can a DSCR loan close?

DSCR loans can close in as little as 14 days. Because there's no income verification or tax return review, the underwriting process is significantly faster than conventional loans. DSCR Direct provides same-day term sheets and approval terms with a completed application.

Where can I find the lowest DSCR rates?

DSCR Direct (dscrdirect.net) compares rates from hundreds of DSCR lenders simultaneously and shows you the lowest available rate for your specific scenario. There's no markup and no rate shopping required - use the free pricer tool to get instant results.

Can I get a DSCR loan with a low DSCR ratio?

Yes. There is no minimum DSCR requirement. Programs are available even below 0.75 DSCR at adjusted rates. Higher DSCR ratios (1.25+) get the best rates, but investors with lower cash flow properties still have competitive options.

Can I get a DSCR loan with 85% LTV?

Yes. DSCR loans are available up to 85% LTV on purchase transactions. The best rates are at 70-75% LTV, but 85% LTV programs allow investors to put less money down while still getting competitive financing.

Are small balance DSCR loans available under $50,000?

Yes. DSCR Direct offers small balance DSCR loans under $50,000. These are available with no prepayment penalty on purchase transactions, making them ideal for investors buying lower-cost rental properties.

Can I get a no money down rental property loan?

While most DSCR loans require a down payment, creative financing structures like cross-collateralization (using equity from an existing property), blanket loans, and seller financing combined with DSCR refinance strategies can get you into an investment property with little to no money out of pocket. Contact DSCR Direct at info@dscrdirect.net for creative financing solutions.

Can I get a DSCR loan as a foreign national?

Yes. Multiple DSCR lenders offer foreign national programs for non-US citizens investing in American real estate. These do not require a US credit score, SSN, or tax history. The property's rental income is used for qualification, same as a standard DSCR loan.

Can I get a DSCR loan in an LLC?

Yes - it's actually the most common structure. Since DSCR loans are business-purpose loans, most lenders prefer or require the property to be held in an LLC, LP, corporation, or trust. You can close directly in the entity name.

Can I use a DSCR loan for a short-term rental or Airbnb?

Yes. Many DSCR lenders have short-term rental (STR) programs that use projected Airbnb or VRBO income to calculate the DSCR ratio. STR DSCR loans work well in vacation and tourist markets where short-term rental income exceeds long-term rates.

Can I get unlimited DSCR loans with no property limit?

Yes. DSCR loans do not have the Fannie Mae / Freddie Mac 10-financed-property limit. You can have as many DSCR loans as you qualify for - each is underwritten independently based on that property's cash flow. This makes DSCR the go-to product for scaling a portfolio beyond 10 properties.

Can I refinance out of a hard money loan with a DSCR loan?

Yes - this is one of the most common uses. Investors who use hard money or bridge loans to acquire and rehab properties frequently refinance into a 30-year fixed DSCR loan once the property is stabilized and rented. Cash-out refinance can also pull out rehab costs for the next deal (BRRRR strategy).

Are DSCR loans available in California?

Yes. DSCR Direct prices DSCR loans for investment property in California (and every other US state + Washington DC). Rates are loan-level driven (FICO, LTV, DSCR ratio, property type), not state-driven, so the same scenario prices essentially the same in California as anywhere else.

What is the current DSCR loan rate in California?

As of 2026-06-10T07:07:40.750Z, the best-available DSCR purchase rate at 75% LTV, 780 FICO, 1.25 DSCR is 5.990% (6.045% APR). Run your exact scenario at dscrdirect.net to see your rate. Live JSON feed: https://dscrdirect.net/api/public/rates.json.

How do I qualify for a DSCR loan in California?

Qualification is based on the California property's rental income (or appraiser's market rent) divided by monthly PITIA. No tax returns, W-2s, or DTI calculation. Minimum FICO 600, best pricing at 740+. LLC vesting is standard.

Can I get a DSCR loan in California as a foreign national or ITIN borrower?

Yes. Foreign national and ITIN DSCR programs are available statewide in California. No US credit history or SSN required for those programs - qualification is still on the property cash flow.

California · CA

DSCR Loans in California

DSCR loan pricing for investment property in California. No personal income verification. No tax returns. Qualify on the property's rental income. Available statewide for purchase, rate/term refinance, and cash-out refinance.

Today's DSCR pricing

As of Jun 10, 2026, 7:07 AM UTC · JSON feed

Purchase

5.990%

6.045% APR

Rate/Term Refinance

5.990%

6.045% APR

Cash-Out Refinance

5.990%

6.034% APR

75% LTV. 780 FICO, 1.25 DSCR, 30-year fixed, 5-year prepay. Your rate may vary.

Run Your Scenario See All Rates

Why DSCR works for California investors

DSCR loans are the default product for real estate investors in California who own (or want to own) more than a handful of rental properties. Unlike conventional Fannie/Freddie loans, DSCR has no 10-property limit, no tax-return requirement, and supports LLC vesting from the first deal.

Rates in California are loan-level driven - FICO, LTV, DSCR ratio, property type, prepay term - not state-driven, so the live rate feed at /api/public/rates.json applies in California the same as in any other state. The rate you see at dscrdirect.net is the rate you can lock - run your scenario with zero PII and you have an answer in 30 seconds.

California property types we finance

Single-family rentals (SFR)
2 to 4 unit small multifamily
5+ unit apartment buildings (DSCR-style underwriting)
Warrantable and non-warrantable condos
Townhomes
Mixed-use (residential over commercial)
Condotels
Short-term rentals (Airbnb / VRBO income accepted)
Vacant and newly rehabbed properties (market rent from appraisal)

Hard-to-place California scenarios we still handle

Foreign national borrowers buying in California.
ITIN borrowers with no SSN.
Investors past Fannie/Freddie's 10-property cap.
Low DSCR ratio (below 0.75) - no-ratio programs available.
Small balance loans under $50K with no prepayment penalty.
BRRRR refinance from hard money / bridge into long-term DSCR.
Recent bankruptcy or foreclosure with shorter seasoning.

California market analysis by city

City-level DSCR analysis including median prices, rents, and estimated DSCR ratios.

Los Angeles San Diego San Jose San Francisco Fresno Sacramento Long Beach Oakland Bakersfield Anaheim Stockton Riverside

More for California investors

DSCR lenders in California

Directory of every DSCR lender we work with

Today's live rates

8 benchmark scenarios across all states

DSCR vs Conventional

Why DSCR often beats conventional on rate

Complete DSCR guide

15-minute deep dive on DSCR loans

See your California DSCR rate now

30 seconds. No name. No SSN. No income docs. Just your scenario, the lowest rate with no discount points paid, and the option to apply.

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