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
Non-QM Investor Loan
confirmed 6/2/2026Commercial mortgage program offering up to 90% CLTV for various property types including mixed-use, multi-family, and retail. Allows for flexible deal structuring including seller carrybacks and second liens.
DSCR Loan for Investment Properties
confirmed 6/4/2026A flexible Non-QM lending program offering specialized income calculations and structuring options for complex borrower scenarios.
DSCR Loan for Investment Properties
confirmed 5/21/2026A DSCR loan program for foreign national investors on 1-4 unit investment properties, offering up to 75% LTV and credit scores starting at 680.
DSCR Loan for Investment Properties
confirmed 5/20/2026DSCR investor loan for short-term rental properties, allowing up to 80% LTV for purchase and rate-term refinances with no limit on financed properties.
DSCR Loan for Investment Properties
confirmed 5/28/2026A flexible DSCR loan program for investment properties with no minimum DSCR requirement, allowing for negative cash flow and short-term rental income.
DSCR Loan for Investment Properties
confirmed 5/14/2026A 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.
DSCR Loan for Investment Properties
confirmed 5/11/2026A DSCR loan program for investment properties that allows for entity vesting, rural properties, and short-term rental income, with both fixed and ARM options available.
DSCR Loan for Investment Properties
confirmed 6/5/2026Debt Service Coverage Ratio loan program for investment properties based on property cash flow rather than personal income.
Asset-Qualifying Loan
confirmed 5/13/2026An asset-based loan program that allows borrowers to qualify by converting liquid assets into a usable income stream, eliminating the need for traditional income or employment documentation.
DSCR Loan for Investment Properties
confirmed 5/12/2026A 30-year fixed DSCR loan program for investment properties with flexible prepayment penalty options and LTVs up to 80%.
DSCR Loan for Investment Properties
confirmed 5/20/2026A 30 or 40-year fixed-term bridge loan for investment properties that requires a DSCR of at least 0.80. This program allows for up to 80% LTV and is available for single-family homes, 2-4 units, non-warrantable condos, and condotels.
Specialized Investor Loan Program
confirmed 5/10/2026A specialized financing program for senior care housing properties, offering 30-year fixed terms and up to 75% LTV for purchase and cash-out refinance transactions.
DSCR Loan for Investment Properties
confirmed 5/19/2026A DSCR-based loan program for short-term rental investors, allowing for purchase, rate and term, and cash-out refinances on 1-4 family properties and condos.
Specialized Investor Loan Program
confirmed 5/19/2026A 12-month financing program for experienced investors building ground-up residential projects, offering up to 90% of purchase price and 100% of construction costs.
Fix & Flip Loan for Investors
confirmed 5/28/2026A fix and flip loan for seasoned investors performing light rehab projects with fast, streamlined approvals.
Specialized Investor Loan Program
confirmed 5/18/2026A 20-year fixed standalone second lien mortgage for primary residences, offering up to 70% CLTV.
Foreign National Investment Loan
confirmed 5/20/2026A loan program for international buyers seeking U.S. real estate investment or second home opportunities without requiring a U.S. credit score.
Non-QM Investor Loan
confirmed 5/10/2026Financing for non-owner-occupied investment properties offering up to 90% CLTV, including options for seller carrybacks or second liens.
DSCR Loan for Investment Properties
confirmed 5/15/2026A flexible DSCR loan program for investment properties, offering options for no-ratio qualification, various prepayment penalty terms, and support for short-term rentals.
DSCR Loan for Investment Properties
confirmed 5/20/2026DSCR loan program for investment properties now available with a minimum DSCR ratio as low as 0.01.
Non-QM Investor Loan
confirmed 5/15/2026A Non-QM program featuring a simplified 4-question Streamline WVOE for income qualification, available for purchase, refinance, and investment properties.
DSCR Loan for Investment Properties
confirmed 5/15/2026A DSCR program for investment properties that allows for negative cash flow and offers interest-only payment structures to help qualify challenging deals.
ITIN Loan Program
confirmed 5/14/2026Non-QM loan program for ITIN borrowers, DACA recipients, permanent residents, and US citizens with flexible income documentation and no DTI cap.
DSCR Loan for Investment Properties
confirmed 5/22/2026A DSCR loan program for investment properties, including short-term rentals, offering up to 85% LTV and flexible qualification options like interest-only payments.
Specialized Investor Loan Program
confirmed 5/11/2026Financing for specialty agricultural properties including orchards, vineyards, groves, and equestrian facilities.
Non-QM Investor Loan
confirmed 5/18/2026A limited documentation Non-QM program that allows borrowers to qualify using a simplified written verification of employment form without requiring detailed income breakdowns.
Specialized Investor Loan Program
confirmed 5/10/2026A commercial ground-up construction loan for multi-family projects up to 10 units, designed for investors of all experience levels.
Non-QM Investor Loan
confirmed 5/10/2026A non-QM mortgage product designed for borrowers who may not meet traditional lending criteria.
DSCR Loan for Investment Properties
confirmed 6/1/2026DSCR loan program for residential 1-4 unit investment properties, offering multiple series options including Signature, Streamline, and Standard.
DSCR Loan for Investment Properties
confirmed 5/26/2026DSCR loan program for short-term and long-term rental investment properties with competitive pricing and fast appraisal processing.
Non-QM Investor Loan
confirmed 5/10/2026A non-QM mortgage product designed for borrowers who may not meet traditional lending criteria.
Specialized Investor Loan Program
confirmed 5/10/2026Financing solutions for commercial agricultural properties that generate income, tailored to the specific operational needs of the borrower.
DSCR Loan for Investment Properties
confirmed 5/11/2026A DSCR loan program for short-term rental properties like Airbnb and VRBO that qualifies borrowers based on property income without requiring personal income documentation.
Bridge Loan for Investors
confirmed 5/12/2026Short-term bridge financing for investors to acquire or refinance distressed or non-warrantable condo units.
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 5/20/2026A 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 6/8/2026A 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 6/2/2026Financing 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.
See live Washington pricing
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