DSCR Loans —
let the property qualify.
Scale your 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.
- ✓Are buying a long-term rental property
- ✓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 investment portfolio
- →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
Everything you need to
know about DSCR loans.
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
DSCR loans cover the full range of 1–4 unit residential investment properties. 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
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
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
Your DSCR loan
with Smart Mortgage.
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.
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.
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.
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.
Common DSCR
questions answered.
Ready to scale your rental portfolio?
No income docs. No DTI limits. Let the property qualify itself.