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).

DSCR Direct

Investor loans. Direct pricing.

All Rates Rate Index Apply Now

Weekly Rate Report

DSCR Rate Report - Week of July 6, 2026

July 6, 2026 - July 12, 2026

Last updated at 6:23 PM UTC

Benchmark Rates This Week

Best available rates for standard DSCR scenarios (780 FICO, 75% LTV, 1.25 DSCR, 30-year fixed)

Purchase

5.990%

APR: 6.022%

Rate/Term Refinance

5.990%

APR: 6.046%

Cash-Out Refinance

5.990%

APR: 6.225%

Rate Analysis

Purchase rates remain below 6% for strong scenarios - an excellent time for investors to lock in financing.

Rate/term refinance pricing is nearly identical to purchase rates this week, making it a neutral environment for refinance activity.

Rates continue to vary significantly by credit score, LTV, and DSCR ratio. Investors with 740+ FICO and 75% LTV or below are seeing the most competitive pricing.

Scenario Breakdown

How rates vary across different borrower profiles and loan types

Scenario	Rate	APR
Prime Purchase 780 FICO, 75% LTV, 1.25 DSCR	5.990%	6.022%
Rate/Term Refinance 780 FICO, 75% LTV, 1.25 DSCR	5.990%	6.046%
Cash-Out Refinance 780 FICO, 75% LTV, 1.25 DSCR	5.990%	6.225%
High LTV Purchase 740 FICO, 85% LTV, 1.20 DSCR	See Rate Index for full benchmark data
Lower Credit Purchase 660 FICO, 75% LTV, 1.0 DSCR	See Rate Index for full benchmark data

All rates include 1% origination fee reflected in APR. 30-year fixed, 5-year prepayment penalty. Rates sourced live from hundreds of DSCR lenders.

Get your personalized DSCR rate

These benchmark rates are for standard scenarios. Your rate depends on your specific deal parameters. See the lowest available rate with no discount points paid for your scenario from hundreds of lenders.

Run Your Scenario See All Rates

About the Weekly DSCR Rate Report

The DSCR Direct Weekly Rate Report provides a snapshot of where DSCR loan rates stand each week. Unlike daily rate fluctuations that can be noisy, the weekly report gives investors and mortgage professionals a clear picture of rate trends and market direction.

What Drives DSCR Rate Movements

DSCR loan rates are influenced by several factors: the 10-year Treasury yield, credit spreads in the non-QM securitization market, lender competition, and investor demand for mortgage-backed securities. Because DSCR loans are not backed by government agencies, their rates tend to move somewhat independently of conventional mortgage rates, though the general direction is usually correlated.

How to Use This Report

If you are actively shopping for a DSCR loan, use this report to understand the current rate environment before you lock. If rates are trending down, you might consider a shorter lock period. If rates are trending up, locking sooner rather than later could save you money. For the most current pricing, use the DSCR pricer to see live rates for your specific scenario.

Report Archive

Each weekly report is published with a permanent URL so you can reference historical rate data. The current report is available at /rates/weekly/2026-07-06. Over time, the archive will build into a valuable record of DSCR rate movements.