What property types are eligible for DSCR loans?

Single-family, 2-4 unit, condos, townhomes, and 5-8 unit small multifamily. Some programs extend to mixed-use, condotels, and rural properties.

DSCR programs cover most residential and small-multifamily property types. Standard eligibility: detached single-family, attached single-family (townhomes), 2-unit and 3-4 unit residential, warrantable condos, and 5-8 unit small multifamily (residential underwriting). Specialty programs add: condotels (specialized non-warrantable condo with rental program), non-warrantable condos (litigation, sponsor concentration, commercial space), mixed-use (residential majority + ground-floor commercial), modular and manufactured housing on permanent foundations (limited lender pool), and rural properties (some programs OK with USDA-eligible areas). Excluded almost everywhere: pure commercial (retail, office, industrial), raw land without improvements, mobile homes not on permanent foundations, log homes (some lenders OK, many decline), tiny homes under 400 sqft. Property condition: must be habitable at close - distressed properties typically require fix-and-flip / hard money first, then refinance into DSCR after rehab. Property location: most programs operate in 40-50 states; a few states are excluded by specific lenders (NY, NJ, ND, SD common exclusions, sometimes HI or AK).