Short-Term Rental Loans & Vacation Rental Property Financing
Short-Term Rental Loans & Vacation Rental Property Financing
Loan Program

Short-Term Rental Loans & Vacation Rental Property Financing

Short-term rental loans for real estate investors — vacation rental property financing qualified on the rental’s own income instead of tax returns, wage statements, or employment verification. Purchase, refinance, or take cash out of a furnished rental, with interest-only options and entity vesting (subject to lender program eligibility) across forty markets.

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The Fundamentals

How Short-Term Rental Loans Work

A short-term rental loan is business-purpose DSCR financing tuned for furnished, nightly-rate property. The lender measures the rental’s income — twelve months of booking history on an operating rental, or a lender-accepted market data report on a purchase — against the full monthly payment of principal, interest, taxes, insurance, and dues. That coverage ratio, together with credit and reserves, sets the leverage. The owner’s personal income, wage statements, and tax returns never enter the ratio.

For investors buying a first vacation rental, converting a long-term rental to nightly use, or adding the next unit to a portfolio, the structure matches how the property actually earns: on bookings, not paystubs. Lendmire brokers short-term rental loans through a wholesale network of investor lenders and places each file where its income and its property read best. What no loan settles is permission — whether a property may operate as a short-term rental is decided by the municipality, the county, and the association, confirmed by the investor for the specific address, and documented before the file moves.

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Program Options

Short-Term Rental Financing Options

Purchase, rate-and-term refinance, or cash-out — each with its own leverage ceiling and coverage floor, applied to a furnished rental’s own income.

Most Popular

Short-Term Rental Purchase

Up to 75% LTV on a vacation rental purchase, qualified on a lender-accepted market data report with the market’s long-term rent as the conservative fallback. Interest-only and forty-year interest-only structures available through select programs.

Exit the Bridge

Rate-and-Term Refinance

Up to 70% LTV to move an operating rental out of a bridge loan, a hard-money loan, or a conventional loan that no longer fits — documented with twelve months of platform statements and measured against the 1.00 refinance floor.

Recycle Equity

Short-Term Rental Cash-Out Refinance

Up to 70% LTV on a cash-out refinance of an operating rental, with the coverage ratio measured on the new payment and a reserve requirement the proceeds themselves may satisfy. The usual source of the next down payment.

Short-term rental loans are business-purpose, non-QM programs. Leverage ceilings, coverage floors, credit floors, and reserves vary by lender and are subject to lender program eligibility and full underwriting. Whether a property may operate as a short-term rental is decided by local rules and confirmed by the investor for the specific address; nothing on this page establishes permission.
Why Lendmire

Vacation Rental Loans for Real Estate Investors

Vacation rental financing is DSCR lending with a seasonal income curve, and it is where a generalist stumbles. Short-term rental programs differ on how they read income, where they set the credit floor, and how much leverage they allow — and the wholesale lenders that handle furnished rentals competently are a shorter list than the ones that say they do. Lendmire built its practice on investor financing, which means knowing which programs accept a market data report on a purchase, which read a year of platform statements cleanly, and where a file below the coverage floor can route to the no-ratio path instead of stopping.

That specialization shows in execution: the local-rules review done before the appraisal is ordered, the insurance written for rental use before the ratio is run, cash-out structured to recycle into the next property, and entity vesting set up correctly, subject to lender program eligibility. A first vacation rental is decided on the same three things as any other file — the property’s income, the credit floor, and reserves — with the operating plan read more closely.

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Program Highlights

Short-Term Rental Loan Requirements

Rental Income, Not Tax Returns
Income is documented with a twelve-month rental history or a lender-accepted market data report. No tax returns, no wage statements, no employment verification — the rental’s own earning power qualifies the file.
Up to 75% Purchase LTV
Purchase leverage to 75%, rate-and-term refinances to 70%, and cash-out to 70%, with standard balances to $3M and larger balances through select programs.
640+ Credit · 1.00 Coverage
A published credit floor of 640 and a 1.00 coverage floor on both purchase and refinance. Files below the floor route to the no-ratio path at reduced leverage.
LLC Vesting & Interest-Only
Vest title in an LLC, corporation, or partnership, subject to lender program eligibility, with interest-only and forty-year interest-only structures available through select programs.
Also Consider

Programs worth comparing.

If nightly income is not the right basis — or the property will hold a lease, already has equity to draw on, or is the owner’s own second home — these may fit better.

Lease-Based Income

DSCR Loan

The long-term rental structure: qualified on a lease or the appraisal’s market rent, with a lower credit floor and the highest leverage in the DSCR family. The conservative path when nightly income cannot yet be documented.

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Existing Rental Equity

Investment Property HELOC

Already own the rental and want flexible access to its equity without refinancing the first mortgage? An investment property HELOC is a revolving line behind the loan you already hold.

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Self-Employed Primary

Bank Statement Loan

For a primary residence or a second home the owner will use, bank statement loans qualify self-employed borrowers on deposits — consumer financing, not a rental loan.

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Learning Center

Financing a Vacation Rental Property

Short-term rental underwriting guides, market data reports, local-rules checks, and portfolio-scaling strategies from our licensed loan officers.

Take the Next Step

Tools to move from reading to action.

Tool One

Coverage calculator

Every state and city guide carries a short-term rental coverage calculator seeded with that market’s figures and the weekly Freddie Mac benchmark — nightly rate and occupancy in, coverage ratio out.

Choose a market Tool Two

Get a quote

Start a short-term rental scenario review in about a minute. A Lendmire investor specialist follows up to match the right wholesale program.

Start Tool Three

Browse programs

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

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Get Started

Check your short-term rental options in about a minute.

Review financing available for your vacation rental purchase or refinance. No credit pull, no commitment.

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All State Markets

Short-term rental loans, state by state.

Business-purpose investor financing across forty markets — thirty-nine states and Washington, D.C. Choose a state for its short-term rental guide and the city pages beneath it; local rental rules are confirmed property by property in every market.