DSCR Loan
DSCR Loan
Loan Program

Loans that qualify the property, not you.

DSCR financing for real estate investors — qualify on rental cash flow instead of tax returns, W-2s, or employment verification. Loan amounts to $3M on the standard program and to $10M on review through super jumbo DSCR, interest-only options, LLC vesting, and short-term rental programs across 41 markets — 40 states and DC.

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The Fundamentals

When the property is the borrower.

DSCR stands for Debt Service Coverage Ratio — a measurement of whether a property’s rental income covers its mortgage payment. DSCR loans qualify investors based on that ratio instead of personal income. No tax returns. No W-2s. No employment verification. The property tells the story, and the rental income determines the approval.

For self-employed investors, full-time real estate professionals, foreign nationals, and anyone whose tax returns underrepresent their true cash flow, DSCR isn’t a workaround — it’s the right structure. It matches how investment property actually generates income: on cash flow, not paystubs. Lendmire works with multiple non-QM wholesale lenders specializing in DSCR across single-family rentals, 1-10 unit properties, condos, and short-term rentals.

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Program Options

Three paths through DSCR financing.

Purchase, refinance, or short-term rental — each built for a different moment in portfolio building.

Most Popular

DSCR Purchase

Up to 80% LTV on investment property purchases. Qualify on property cash flow — no tax returns or W-2s. Interest-only and 40-year terms available.

Recycle Equity

DSCR Cash-Out Refinance

Access equity in existing rentals to fund your next deal. Up to 75% LTV on cash-out transactions. Minimum 6 months seasoning in most programs.

Airbnb & VRBO

Short-Term Rental DSCR

Qualify Airbnb and VRBO properties using projected or actual short-term rental income. Seasonal variation accommodated in underwriting.

DSCR loan programs are non-QM products. Guidelines vary by lender, loan amount, and borrower profile. LTV limits, DSCR ratios, reserves, and credit requirements subject to lender overlays. All loans subject to credit and property underwriting approval — and lender program eligibility.
Why Lendmire

DSCR is what we built the practice on.

DSCR isn’t a side product for us. It’s the foundation. Most mortgage brokerages cover DSCR as one of a dozen loan types, with a generalist loan officer who handles it occasionally between W-2 purchases. We built our entire practice around serving investors — which means knowing which wholesale lenders have the best pricing on single-family rentals, which ones handle short-term rentals competently, where the no-ratio programs actually live, and how foreign national files move through different investor channels.

That specialization shows in execution. Cash-out structured to recycle into the next deal. LLC vesting set up correctly. 1031 exchange timing that actually closes on time. Portfolio scaling without hitting conventional loan count limits. We’ve seen the edge cases because we live in DSCR daily — and that’s exactly when having a broker who actually knows the space saves the deal.

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Program Highlights

Scale without the W-2 ceiling.

No Income Docs
No tax returns, no W-2s, no employment verification. The property’s cash flow determines qualification — not your paystubs.
Up to $10M
Standard DSCR loans to $3,000,000. Super jumbo DSCR carries the ladder to $6,000,000 for larger properties and portfolios, and considers balances to $10,000,000 on review.
LLC Vesting
Close in your LLC, corporation, or partnership — without forcing title into your personal name first. Asset protection built in from day one.
Short-Term Rentals
Airbnb and VRBO properties qualify using actual or projected short-term rental income. Seasonal variation accommodated in underwriting.
Also Consider

Programs worth comparing.

If DSCR isn’t the right structure — or you’re financing a primary residence or high-value rental — these may fit better.

Self-Employed Primary

Bank Statement Loan

For a primary residence or second home financed on personal income, bank statement loans qualify self-employed borrowers on 12-24 months of deposits — no DSCR required.

View Program →
Existing Rental Equity

Investment Property HELOC

Already own the rental and want flexible access to equity? Investment property HELOCs offer revolving lines without refinancing the entire loan.

View Program →
High-Value Rentals

Jumbo Loan

For luxury rentals where jumbo structure beats DSCR pricing — or when the borrower wants full-doc qualification for a better rate.

View Program →
Learning Center

Know before you borrow.

DSCR underwriting guides, investor financing strategies, and portfolio-scaling tips from our licensed loan officers.

Take the Next Step

Tools to move from reading to action.

Tool One

DSCR calculator

Estimate your DSCR ratio on a target investment property — rent vs. payment, factoring in interest-only versus amortizing structures.

Calculate Tool Two

Get pre-approved

Start your DSCR pre-approval in under 30 seconds. A Lendmire investor specialist will follow up to match the right wholesale lender.

Start Tool Three

Browse programs

See every loan program Lendmire offers — from DSCR to bank statement to jumbo — and find the right fit.

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Get Started

Check your DSCR options in about 30 seconds.

Review financing available for your rental property purchase or refinance. No commitment required.

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Available In 41 Markets

DSCR market guides, state by state.

Cash-flow-qualified financing across 41 markets. Rent data, DSCR math, and market analysis for each state we serve.