Home Loan Programs DSCR / Investment
Rental Income Qualification

DSCR Loans —
let the property qualify.

Scale your Florida investment portfolio without your personal income being the bottleneck. DSCR loans qualify based on the property's rental income — not your tax returns, pay stubs, or employment status.

0.00
Min DSCR (rent ÷ payment)
15%
Minimum Down Payment
620+
Minimum Credit Score
No Limit
Number of Properties
Great if you…
DSCR is likely your best fit
  • Are buying a long-term rental property in Florida
  • Are purchasing a short-term vacation rental (Airbnb / VRBO)
  • Are self-employed and don't want to use personal income
  • Already have multiple financed properties and hit conventional limits
  • Want to scale your portfolio quickly without DTI constraints
  • Are building a cash-flowing portfolio in Florida's rental market
Consider alternatives if…
Other programs may serve you better
  • You are buying a primary residence — DSCR is for investment properties only
  • You need a fix-and-flip loan — Private Money closes faster for renovation projects
  • The property's rent won't cover the mortgage payment — a higher down payment or other program may be needed
  • You are buying commercial real estate — our Commercial loan programs apply
Program Details

Everything you need to
know about DSCR loans.

How DSCR is Calculated

DSCR = Gross Monthly Rent ÷ Total Monthly Payment (PITIA). A ratio of 1.0 means the rent exactly covers the payment; 1.25 means rent exceeds the payment by 25%. Most programs accept DSCR as low as 1.0, with some no-ratio programs available.

  • Rent determined by lease agreement or 1007 market rent appraisal
  • DSCR 1.25+ unlocks our most competitive pricing*
  • DSCR 1.0–1.24 available with modest rate adjustment
  • No-ratio DSCR programs available for some borrower profiles
Property Types Accepted

DSCR loans cover the full range of 1–4 unit residential investment properties across Florida. Short-term rental income is increasingly accepted with market analysis support.

  • Single-family rentals (SFR)
  • 2–4 unit multifamily properties
  • Condos and townhomes (with condo approval)
  • Short-term rentals (STR) with market rent documentation
Down Payment & Loan Amounts

DSCR loans require a minimum of 15% down for single-family properties and 25% for 2–4 units. Loan amounts are available up to $3M+ on strong DSCR profiles.

  • 15% down for SFR (25% for 2–4 units)
  • Loan amounts up to $2M–$3M (program dependent)
  • 30-year fixed and ARM options
  • Interest-only available for some investor profiles
No Income Docs Required

DSCR underwriting is based entirely on the property's income performance. You submit no tax returns, no W-2s, and no pay stubs. This dramatically simplifies the process for self-employed investors and portfolio builders.

  • No personal tax returns required
  • No employment verification or W-2s
  • No DTI calculation — no debt ratio limit
  • Entity (LLC) vesting available on most programs
How It Works

Your DSCR loan
with Smart Mortgage.

01
Property Analysis

We analyze the target property's expected rent versus the projected mortgage payment to calculate DSCR before you even apply. This tells you exactly what down payment or loan amount makes the math work.

02
Streamlined Application

DSCR applications are lean — credit, property details, entity docs if using an LLC, and asset statements for down payment. No income documentation. We get the file moving fast.

03
Appraisal with Rent Schedule

Our appraisal order includes a 1007 Rental Survey to establish market rent. This is the core of DSCR qualification — and we use our preferred appraiser panel to keep turnaround fast.

04
Close & Cash Flow

Most DSCR loans close in 14–21 days. We coordinate with your property management company or tenant if a lease is already in place. You close, the property cash flows, and you're ready to find the next deal.

FAQ

Common DSCR
questions answered.

A DSCR (Debt Service Coverage Ratio) loan qualifies borrowers based on the rental income of the investment property rather than personal income. The DSCR = gross monthly rent ÷ total monthly PITIA payment. A ratio of 1.0+ means the property covers its own debt.
No — that's the primary advantage of DSCR financing. Your tax returns, W-2s, and pay stubs are not used to qualify. The loan is underwritten based on the property's rental income performance, making it ideal for self-employed investors and those with complex income structures.
Yes. Many DSCR programs now support short-term rental income documentation using platforms like AirDNA or STR market analysis reports. Florida's vacation rental markets in Orlando, Miami, and the Panhandle make DSCR + STR an especially popular combination.
DSCR loans have no technical limit on the number of financed properties — unlike conventional loans which cap at 10. Investors scaling large portfolios regularly use DSCR to finance property 10, 15, or 20 without being held back by personal DTI ratios.
Client Story

Real results for
real borrowers.

★★★★★
5.0 ★ · Consistent 5-star reviews on Google

Ready to scale your Florida rental portfolio?

No income docs. No DTI limits. Let the property qualify itself.