STR / Airbnb DSCR Loans in Washington
Washington's STR market clusters around Seattle metro (urban Airbnbs), the Olympic Peninsula, San Juan Islands, and Leavenworth/Bavarian-themed mountain destinations. Seattle has tightened STR rules sharply (mostly primary-residence-only). Outside Seattle, county rules vary - some are permissive, some restrictive.
Top Washington markets for str / airbnb dscr
- Seattle: Restricted to primary-residence STR; permitted Type 2 limited.
- Leavenworth: Bavarian-themed mountain STR; year-round demand; permitted strictly.
- San Juan Islands: High-end vacation; limited supply.
- Olympic Peninsula: Cabin and lodge STR; rural permissive.
Washington quick facts
- •Seattle Type 2 STR restricted
- •Leavenworth permitted strictly
- •No state income tax
- •Olympic Peninsula permissive
Active programs available in Washington
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.
Washington STR / Airbnb DSCR FAQs
Is Airbnb legal in Seattle?
Restricted. Seattle requires Operator License with Type 1 (primary residence with rooms rented out) generally allowed, Type 2 (whole-house non-owner-occupied) limited to specific licensed properties grandfathered or in commercial zones. Most investor-style STRs do not qualify in Seattle proper.
WA state STR taxes?
WA state retail sales tax (6.5%) + lodging tax (varies, 1.5-3% county) + city tax. Combined often 12-15%. Most platforms collect.
No state income tax?
Correct. WA has no state income tax, which improves after-tax STR cash flow.
General str / airbnb dscr 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.
Got a Washington str / airbnb dscr scenario?
Tell us the deal - we'll match you with the right Washington lender and come back with current pricing.