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).

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Non-QM Investor Loan

Non-QM loan program offering flexible seasoning requirements for cash-out transactions on owner-occupied, second home, and investment properties.

Underwriting at a glance

Minimum FICO: -
Max LTV (purchase / rate-term): -
Max LTV (cash-out): -
Minimum DSCR: -
Loan amount: -
Documentation: -
Property types: -
States: most states

Highlights

•No seasoning requirement for owner-occupied and second homes with LTV 50% or less
•No seasoning requirement for investment properties with LTV 70% or less
•Appraised value used for LTV/CLTV calculation on properties owned 12 months or longer
•No seasoning requirement for owner-occupied and second homes with LTV up to 50%
•No seasoning requirement for investment properties with LTV up to 70%
•Six month seasoning required for higher LTV cash-out transactions
•LTV based on appraised value for properties owned 12 months or longer

See live pricing for this program

Run your scenario through our pricer to see today's rate, price, and lender fee for non-qm investor loan - no signup, no credit pull.

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Program guidelines and rates can change at any time without notice. Last confirmed 6/4/2026. Not a commitment to lend. NMLS info available on request.

More No-Seasoning Cash-Out programs

DSCR Loan for Investment Properties

A 30-year fixed DSCR loan program designed for investment properties, supporting complex transaction types including delayed financing and reverse 1031 exchanges.

DSCR Loan for Investment Properties

An investment property loan program that qualifies based on the higher of the 1007 rent schedule or lease agreement, with asset depletion options for low DSCR.

LTV 85%

DSCR Loan for Investment Properties

A non-QM DSCR program for investors, including first-time investors, that allows for negative cash flow properties and offers flexible qualification options like asset utilization.

FICO 620+LTV 85%

DSCR Loan for Investment Properties

A DSCR investment property loan that allows for rate and term refinancing using the current appraised value with no seasoning requirements on ownership or listing status.

All No-Seasoning Cash-Out guidelines →Browse all programs →

Today's DSCR pricing

As of Jul 10, 2026, 6:46 PM UTC · JSON feed

Purchase

5.990%

6.022% APR

Rate/Term Refinance

5.990%

6.046% APR

Cash-Out Refinance

5.990%

6.225% APR

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

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