February 20, 2026
Lendmire is proud to announce the expansion of its DSCR (Debt Service Coverage Ratio) investor loan programs into 40 states and Washington D.C., significantly expanding nationwide access to rental income–based investment property financing.
Real estate investors can now qualify for investment property financing based primarily on property cash flow rather than traditional personal income documentation such as tax returns or W-2s.
DSCR loans, also known as rental income loans or cash-flow-based investor loans, are one of the fastest-growing segments in the investment property mortgage market.
Investors nationwide are increasingly turning to DSCR financing as an alternative to traditional conventional mortgage qualification models.
If you’re building or refinancing an investment property portfolio and prefer to qualify based on rental income — not personal income — Lendmire’s DSCR platform is built for you.
Learn more about our full DSCR programs here:
Explore DSCR Investor Loan Options
What Is a DSCR Loan?
A DSCR loan (Debt Service Coverage Ratio loan) allows real estate investors to qualify primarily based on the income generated by the investment property rather than personal debt-to-income ratios.
DSCR is calculated by dividing:
Gross rental income (market rent or lease amount)
by
Total PITIA (Principal, Interest, Taxes, Insurance, HOA dues)
For interest-only loans, qualification is based on ITIA.
Many programs allow:
• Minimum DSCR as low as 0.75
• DSCR 1.00+ programs with higher LTV allowances
• Select structures with no minimum DSCR requirement
This makes DSCR financing ideal for:
• Self-employed investors
• Full-time real estate investors
• LLC or entity borrowers
• Portfolio landlords
• Short-term rental investors
• Borrowers with complex personal income
Lendmire DSCR Program Highlights
Our expanded investor platform includes:
• Loan amounts from $100,000 to $3,000,000
• Select structures up to $6,000,000
• 30-year and 40-year fixed options
• 5/6 and 7/6 ARM options
• Interest-only options available
• Cash-out refinance allowed
• Entity vesting permitted (LLC, Corporation, Partnership)
• First-time investor options available
• 1–4 unit properties eligible
• Condo eligibility (warrantable and select non-warrantable options)
• Short-term rental options (program dependent)
• Acreage allowed up to 10 acres (program dependent)
• Flexible reserve requirements
• No limit on total financed properties (program dependent)
Maximum LTV varies based on:
• DSCR ratio
• FICO score
• Property type
• Transaction type (purchase, rate/term, cash-out)
Programs may allow up to 80–85% LTV depending on borrower profile and structure.
Prepayment Penalty Options
Most DSCR loans offer structured prepayment penalty options, including:
• 5/5/5/5/5
• 5/4/3/2/1
• 3-year options
• No prepayment penalty options (state dependent)
Certain states restrict prepayment penalties. Lendmire structures loans in compliance with all applicable state-specific regulations.
States Where Lendmire Offers DSCR Loans
Lendmire offers DSCR (Debt Service Coverage Ratio) investor loan programs in the following 40 states and Washington D.C.:
Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, Washington D.C., West Virginia, Wisconsin, and Wyoming.
Program availability may vary based on property type, loan structure, and state-specific guidelines.
Who Should Consider a DSCR Loan?
A DSCR loan may be ideal if you:
• Want to scale your rental portfolio
• Prefer not to provide tax returns
• Own multiple investment properties
• Want to finance in an LLC
• Need higher loan limits
• Want to pull equity from an existing rental
• Have strong rental cash flow but complex personal income
DSCR financing allows investors to expand strategically without traditional income documentation barriers.
Why Investors Choose Lendmire
Lendmire works with the nation’s largest wholesale lenders to ensure investors receive competitive broker-level pricing and broad product access, offering:
• Multiple DSCR structures
• Flexible underwriting options
• Jumbo DSCR loan availability
• Structured file support from start to finish
Unlike many retail banks that limit investor flexibility, Lendmire provides access to a wide range of investor loan programs through a single platform.
We understand how investors think — and we structure files correctly from the beginning to help ensure smooth closings.
Ready to Expand Your Investment Portfolio?
If you’re investing in one of our 40 eligible states and Washington D.C. and want to explore DSCR loan options, connect with Lendmire today.
Explore Our DSCR Investor Loan Options Today
Lendmire continues expanding its national investor lending footprint to serve real estate investors seeking scalable financing solutions. As DSCR demand increases nationwide, our platform provides flexible underwriting structures tailored to investment property cash flow.
Frequently Asked Questions About DSCR Loans
What is a DSCR loan?
A DSCR loan is an investment property mortgage that qualifies primarily based on a property’s rental income compared to its housing payment, rather than the borrower’s personal income.
How is DSCR calculated?
DSCR is generally calculated by dividing gross rental income by the monthly housing payment (PITIA). For interest-only loans, qualification may use ITIA.
Does Lendmire require tax returns for DSCR loans?
DSCR loans are designed to qualify based on property cash flow, so tax returns and traditional income documentation may not be required, depending on the program and scenario.
Can I close a DSCR loan in an LLC?
Yes. Many DSCR investor loan options allow closing in an LLC, corporation, or partnership, subject to eligibility requirements.
Are short-term rentals (Airbnb/VRBO) eligible for DSCR loans?
Short-term rental properties may be eligible depending on program requirements, DSCR tier, and property documentation.
What is the minimum DSCR required?
Some DSCR programs allow minimum DSCR as low as 0.75, while other options may not require a DSCR calculation at all depending on structure and underwriting.
How do I get started with Lendmire’s DSCR programs?
Start here:
Explore DSCR Investor Loan Options
