Short-Term Rental DSCR Loans (Airbnb / VRBO)
Standard DSCR loans use long-term-lease rent comps from a 1007 appraisal addendum. Short-term-rental DSCR loans use the higher projected or actual nightly-rate income, which often qualifies a property that wouldn’t cash-flow on a long-term lease. AirDNA projections, existing T12 statements, and PriceLabs revenue reports are the usual qualifying documents.
Highlights
- •Qualify on STR income, not long-term lease comps
- •AirDNA, T12 statement, or 1007 + market-rent appraisal accepted
- •Single-family, condo, condotel all eligible
- •Cabin and resort-market properties common
- •No personal income docs
Who it's for
Investors buying or refinancing properties in vacation markets (Smokies, beaches, ski towns, urban Airbnbs) where nightly-rate income materially exceeds long-term-lease income.
Active programs that fit
Bridge Loan for Investors
confirmed 5/9/2026A streamlined short-term bridge loan program for non-owner-occupied investment properties, offering interest-only payments and no income documentation requirements for entity-based borrowers.
DSCR Loan for Investment Properties
confirmed 5/9/2026A DSCR loan program for investment properties that allows for short-term rentals, vacant properties, and qualification based on market rent without requiring a lease.
Foreign National Investment Loan
confirmed 5/9/2026Financing program for international investors purchasing U.S. real estate that does not require U.S. credit history or traditional U.S. income documentation.
Non-QM Investor Loan
confirmed 5/9/2026Financing solutions for condo projects that do not meet standard Fannie Mae or Freddie Mac guidelines, including those with litigation, high commercial space, or investor concentration.
Specialized Investor Loan Program
confirmed 5/10/2026A flexible, fully amortized HELOC solution for primary, second home, and investment properties with loan amounts up to $750,000 and fast funding in as little as 5 days.
Fix & Flip Loan for Investors
confirmed 5/9/2026Financing for experienced investors and developers focused on fix-and-flip projects with fast closing timelines.
DSCR Loan for Investment Properties
confirmed 5/9/2026A flexible Non-QM program offering full income, alternative income, and DSCR documentation options with fixed, adjustable, and interest-only rate structures.
Bank Statement Loan
confirmed 5/10/2026A non-QM bank statement program for service and tip industry workers that uses 12-24 months of bank deposits to calculate income without requiring tax returns.
Frequently asked questions
How is short-term rental income verified?
Three common methods: (1) 12-month trailing statement from Airbnb/VRBO/PriceLabs, (2) AirDNA Rentalizer report for the subject address, or (3) market-rent appraisal addendum that captures STR comps.
What expenses are deducted from gross STR income?
Most lenders apply a 20–25% expense deduction (cleaning, supplies, platform fees, vacancy) to gross STR revenue before computing DSCR. Some lenders use 30%.
Can I get an STR loan in a market that just banned short-term rentals?
Generally no. Lenders verify local STR ordinances and will pivot to long-term DSCR (or decline) if the address sits in a permit-restricted zone.
What FICO do I need?
STR DSCR programs typically start at 660–680 FICO, same as long-term DSCR.
Got a str / airbnb dscr scenario?
Tell us the deal - we'll match you with the right lender and come back with current pricing.
Common questions on this topic
What is the minimum DSCR ratio?
Standard programs require 1.0+ DSCR. No-ratio programs accept 0.0+. Best pricing typically at 1.20–1.25 DSCR.
Can I get a DSCR loan on a vacant property?
Yes via no-ratio DSCR programs. Standard DSCR requires either a current lease or a 1007 market-rent appraisal showing the property would cover payment.
How can I improve my DSCR ratio to qualify for a better rate?
Raise rent, appeal property tax assessment, shop insurance, refinance into a longer term, or lower loan amount. Each move increases the DSCR calculation.
Can I get a DSCR loan on an Airbnb property?
Yes - via short-term rental DSCR programs that qualify on STR income (AirDNA projection or T12 statement) instead of long-term rental comps.
Strategy guides
13 min read
Short-Term Rental Investor Guide: Markets, Numbers, Operations
Complete short-term rental investor guide. How to choose markets, run the numbers, finance with STR-DSCR, and operate at scale.
10 min read
Condotel Investor Guide: Markets, Financing, and Operating Math
Complete condotel investor guide. Top US condotel markets, specialty financing structure, rental program economics, and HOA risks.
By state
Related programs
No-Ratio DSCR Loans (No DSCR Minimum)
No-ratio DSCR investment property loans. Qualify even if rent does not cover the mortgage payment. Higher down payment in exchange.
Condotel Financing for Investment Properties
DSCR and non-QM financing for condotel units. Hotel-condos that fail conventional warrantability still finance through specialty investor lenders.