Current super-jumbo DSCR guidelines, updated from one source.
The snapshot below is not typed onto this page — it is pulled from one super-jumbo DSCR guideline source and refreshed when that source changes, so Terre Haute, IN always shows the current ladder.
Program ceiling
Balances run from the program minimum to the ceiling shown; the largest band is reviewed before submission and never as cash-out.
Top purchase leverage
Top purchase leverage applies in the first band of the ladder; leverage steps down as the balance climbs (not at every band), and interest-only carries its own cap.
Full-leverage coverage floor
The full-leverage coverage floor: at or above it, the ladder applies as shown; below it, leverage steps down through the reduced band.
Credit floor
A published credit floor for the program; above the overlay line a higher floor applies, and each band’s best leverage cell carries its own credit requirement, as the ladder table shows.
Cash-out leverage steps down with loan size and stops at this balance; larger requests are purchase or rate-and-term only.
Above this balance every request is reviewed before submission, at reduced leverage.
An interest-only period is available through select programs, with coverage measured on the interest-only payment.
| Loan size | Purchase & rate-and-term | Cash-out | Credit at that leverage |
|---|---|---|---|
| $150,000 – $1M | 80% | 75% | 660+ |
| $1M – $1.5M | 75% | 70% | 700+ |
| $1.5M – $2M | 75% | 60% | 720+ |
| $2M – $3M | 75% | 60% | 720+ |
| $3M – $4M | 65% | Not available | 700+ |
| $4M – $6M | 60% · case by case | Not available | 700+ |
| $6M – $10M | 60% · case by case | Not available | 700+ |
Current super-jumbo DSCR snapshot · updated September 26, 2026 · coverage from 0.75 to 0.99 and no-ratio files to $2M at reduced leverage · super-jumbo overlays (credit floor 700+) above $3M · two appraisals above $2M · short-term rental income to $2M.
Super jumbo DSCR loans are business-purpose, non-QM programs arranged through select wholesale lenders. Leverage, credit floors, coverage floors, reserves, appraisal requirements, and eligibility are read from the current program matrix for the loan size and credit tier and are subject to lender program eligibility and full underwriting. Nothing on this page states or implies a lender’s rate, payment, fee, or identity; the calculator below runs on a public benchmark rate, not a quote, and Lendmire is a mortgage broker and never the lender.
What a super-jumbo DSCR loan is — and how the ladder decides it.
A super jumbo DSCR loan is the standard DSCR structure carried to larger balances: the property’s rent qualifies the loan, and a matrix of loan size and credit tier decides the leverage. In Terre Haute, IN, that ladder is what an investor plans around.
Balance inside the standard ceiling? See DSCR Loans in Terre Haute, the standard program, or the statewide guide at Super Jumbo DSCR Loans in Indiana.
The rent qualifies the loan, not the owner
Rent-to-payment coverage decides the loan in Terre Haute: the lease or the market rent on one side, the full payment on the other. The owner’s tax returns are not requested for the ratio.
Leverage is a ladder, not a number
Think of the ladder as a set of doors: the loan size chooses the hallway, the credit tier chooses the door, and the door is the leverage. The snapshot and ladder table above show the doors open today.
Credit and reserves tighten above the overlay line
Credit tier selects the leverage cell in Terre Haute, IN, so a stronger score buys more leverage inside the same band. Reserves follow the payment, and on the largest balances cash-out proceeds may not be used to satisfy them.
The review line and the cash-out ceiling
The largest band in Terre Haute, IN is a conversation, not a form: requests above the review line are reviewed case by case, structured as purchase or rate-and-term, at reduced leverage. Cash-out ends lower on the ladder.
Enter a price, an equity percentage, a credit tier, and the rent; the calculator reads the leverage cell for that loan size, builds the full payment, and compares the ratio with the floor.
Where Terre Haute’s high-value rental stock sits — and how a lender reads it.
These Terre Haute, IN figures describe the market, not a property; the appraisal and the lease carry the file, and the numbers here only explain the neighborhood it sits in.
Read the figures as backdrop. Value and rent rarely climb at the same pace; the market figures below show how far Terre Haute’s top of market has moved, and the calculator shows what that means for coverage.
Data sources: U.S. Census Bureau — ACS 5-Year (2024) housing and population estimates, including owner-occupied home values by bracket and gross rent by bracket.
Distinct Terre Haute submarkets, distinct appraisal stories.
The metropolitan luxury market around Terre Haute splits into distinct pockets; a lender underwrites the property in front of it, but the pocket sets the expectations.
Multi-unit luxury and townhome rows
Luxury townhome rows and small multi-unit buildings in Terre Haute are underwritten on the whole property’s rent, with a unit-count review and the same ladder applied to the combined balance. Terre Haute counts a population near 58K within the Terre Haute, IN area.
High-rise and full-service residences
High-rise units in Terre Haute can carry very large balances, and the association package — reserves, rental rules, hotel-style operations — is underwritten as carefully as the lease. Median household income in Terre Haute sits near $43,126, the demand side of the rents a high-value rental competes for.
Historic and estate districts
The historic estates of Terre Haute carry values that rest on condition and provenance, and the appraisal will weigh both, together with the scarcity of true comparables. Census estimates place about 0.1% of Terre Haute’s owner-occupied homes at a value of one million dollars or more — roughly 17 homes.
Executive suburbs and enclaves
The relocation market around Terre Haute produces documented leases on high-value homes, and a file built on that lease reads cleanly against the ladder. About 1.1% of Terre Haute’s renter households pay three thousand dollars a month or more — near 116 households at the top of the rental market.
Prestige neighborhoods
In Terre Haute’s established luxury districts, values are well supported and rents are strong, so the leverage ladder applies with fewer structural adjustments than in thinner markets. The median owner-occupied home value in Terre Haute runs near $115,700 on the latest Census estimate.
New luxury construction
Newly built luxury homes in Terre Haute carry the value but not always the comparables; valuation support is settled first, leverage second. Roughly 3 owner-occupied homes in Terre Haute are valued at two million dollars or more on the latest estimate, the stock a super jumbo file is most often written against.
Read the submarkets as orientation. The file’s figures come from the appraisals, the rent, and the program matrix.
Four ways Terre Haute investors put super-jumbo DSCR financing to work.
From acquisition to consolidation, super jumbo DSCR loans in Terre Haute, IN solve a specific set of problems for high-value rentals.
Scale a portfolio of high-value rentals
Investors building a Terre Haute portfolio use the program property by property: each balance sits on its own rung, and reserves are measured per property.
Take cash out below the cash-out ceiling
An investor consolidating equity from a Terre Haute property uses the cash-out path where the ladder allows it, knowing the largest balances are structured without cash.
Refinance out of a bank or bridge loan
A rate-and-term refinance in Terre Haute, IN replaces a loan that no longer fits — a short-term bridge, a private loan, a bank line — on the strength of the property’s rent.
Carry a high-value asset interest-only
An interest-only period lowers the payment the rent is measured against, which is why many Terre Haute high-balance files are structured that way; interest-only leverage carries its own cap.
Estimate a Terre Haute high-value rental’s coverage at its loan size, before requesting a quote.
Run a Terre Haute property through the matrix before you request a quote: price, equity, credit tier, rent, and the payment inputs produce the leverage cell, the coverage ratio, and the rent needed to reach the floor. The rate is a Freddie Mac benchmark you can change; it is not a DSCR loan quote.
Terre Haute super jumbo DSCR calculator
Starting assumptions reflect Terre Haute’s home values and rents; change any field and the ladder is re-read.
Editable benchmark: 7.28% as of October 1, 2026 · Freddie Mac 30-year average via FRED®. This is not a DSCR loan quote.
Illustrative starting assumptions: a $2,500,000 price set above Terre Haute’s median owner-occupied home value to reach the super jumbo band, an equity position sized to the ladder, and a long-term rent in line with luxury rent-to-value (U.S. Census Bureau). Taxes and insurance are editable state-level assumptions.
Illustrative estimate only — not a Loan Estimate, approval, quote, or commitment to lend. Leverage is read from the current program matrix for the loan size and credit tier entered; the appraisal, the lease or market rent, reserves, and full underwriting decide the actual figures. Requests above the review line are considered case by case, purchase or rate-and-term only. The rate field is an editable Freddie Mac thirty-year benchmark; it is not a DSCR loan quote.
Same property, three very different structures.
Same Terre Haute property, three structures: rent-qualified at scale, rent-qualified within the standard ceiling, or deposit-qualified on the owner’s income.
Rent-qualified at scale, standard DSCR, or the owner’s income.
The structure for a Terre Haute rental that outgrows a standard DSCR program — the same rent test, applied at a larger balance through a ladder.
Qualifies on the same rent-to-payment math but stops at the standard program ceiling; the lower bands of the super jumbo ladder overlap it, with the standard program often carrying the better cell there. Inside the standard ceiling, Lendmire arranges DSCR loans in Terre Haute.
Deposit-qualified rather than rent-qualified: a bank statement loan puts the owner’s business income at the center, which suits an owner-used home more than a leased rental.
If the rent covers the payment and the balance is above the standard ceiling, super jumbo DSCR is the structure; if it is inside the ceiling, standard DSCR; if the owner will live there, a bank statement loan.
What to prepare for a Terre Haute scenario review.
The documents a lender reads first on a super jumbo DSCR file.
This is a general preparation guide, not a universal checklist. The selected lender may request additional information based on the loan size, the property, the appraisals, the lease or market rent, the entity, and reserves. Nothing here is legal or tax advice.
Local details that can change the loan.
Every Terre Haute file is underwritten individually, but the same handful of considerations recur at high balances; they are worth settling before the appraisals are ordered.
Use these checks to keep the Terre Haute file clean and fundable.
Before requesting a quote on a Terre Haute, IN property, confirm the balance’s band, the property’s eligibility, and the credit tier the best cell requires.
- Know the rung: place the balance on the ladder before the price is set.
- Count the appraisals: know that thin comparables lengthen the review.
- Know the STR cap: expect discounted, documented short-term rental income.
The loan-size band decides the leverage
The balance places a Terre Haute file in a band, and the band sets the leverage ceiling and the credit floor for its best cell. A little more equity can move a file down a rung into a better cell — which is why the balance is planned before the price.
Two appraisals above the line
High-value homes in Terre Haute are appraised on a small set of comparable sales; expect two appraisals above the line and a value that reflects what the appraiser could actually find.
Short-term rental income has its own cap
Where a Terre Haute property earns nightly rather than lease income, the program reads that income only to its own size cap, with its own documentation and an experienced-investor requirement; above the cap the file must qualify on long-term rent.
Acreage, condos, and rural designations
Acreage is capped by loan band in Terre Haute, rural property carries its own leverage and is excluded above a set balance, and a non-warrantable condominium or a condotel has its own cell and its own size cap.
Case-by-case review above the line
For Terre Haute requests above the review line, the answer comes from a review rather than a matrix cell; Lendmire packages the file for that conversation before anything is ordered.
From a Terre Haute rent roll to a funded high-balance loan.
The process for a Terre Haute, IN super jumbo DSCR loan is deliberate, because the details at this size are expensive to discover late.
Place the balance
Every Terre Haute file starts with the band. The equity, the transaction type, and the interest-only question are settled around it.
Package the file
The file is built once, correctly: rent documentation, credit, reserves, entity, property — everything the Terre Haute, IN lender will read, in the order they read it.
Appraise and review
One or two appraisals, depending on the balance, with a market rent analysis; above the review line the request is discussed with the lender before it is submitted.
Close and fund
The Terre Haute loan closes once underwriting confirms the ratio at the approved cell, with reserves verified and the entity documented.
A brokerage built around investors who qualify on rent.
A super jumbo DSCR file rewards preparation, and preparation is what a brokerage built for investors provides.
Ladders, not guesses
The band, the cell, the overlays, and the review line are known at the start of a Terre Haute, IN file, not discovered in underwriting.
The right wholesale program
High-balance DSCR ladders differ by program; Lendmire places a Terre Haute, IN file where its rent, its credit tier, and its property read best.
Structured for the review
The details that sink high-balance files late are settled early on a Terre Haute file, which is what keeps the closing on the terms the ladder allowed.
Trusted by investors & homeowners alike.
Terre Haute super jumbo DSCR loan FAQs
The questions a Terre Haute, IN investor asks before requesting a high-balance scenario review, answered at the program level.
How is leverage decided on a super jumbo DSCR loan in Terre Haute?
Leverage is read, not negotiated. A Terre Haute file lands in a band by loan size, and the credit tier opens a cell; the calculator on this page reads the current matrix for the exact size and tier entered.
Can I take cash out of a high-value Terre Haute rental with a super jumbo DSCR loan?
Yes, inside the cash-out ladder. The ceiling sits below the program’s top balance, proceeds are limited above a certain leverage, and at the largest balances cash-out proceeds may not count toward reserves.
What happens above the case-by-case review line?
It is reviewed case by case. The top band exists for very large Terre Haute, IN balances that the matrix cannot price mechanically; the review decides, and the structure is purchase or rate-and-term only.
Can a first-time investor use the program?
A first-time investor is eligible on a smaller balance with a leverage reduction, longer reserves, and a stronger credit floor; an experienced investor unlocks the full ladder.
Why does a Terre Haute high-balance file need two appraisals?
Because the balance is large enough that the valuation deserves a second opinion. Above the line, two appraisals are ordered, and the ladder is applied to the lower of the two values.
What coverage ratio does a Terre Haute property need?
At the full-leverage floor shown in the snapshot, the ladder applies as shown; between the reduced-band floor and it, leverage steps down. High-value Terre Haute property often lands in that reduced band, which is why equity and interest-only structures are used to bring the ratio back.
How is the rent documented on a high-balance file?
A lease or the appraisal’s market rent. On very large Terre Haute balances the rent analysis has to defend a large number, so the appraiser’s comparables matter as much as the lease.
Which properties are eligible?
Rental property of one to four units. The matrix carries separate cells for non-warrantable buildings and condotels, an acreage cap that tightens with the balance, and a rural exclusion above a certain size.
What sets the timeline on a super jumbo DSCR loan?
Long enough for the appraisals and the review: two appraisals above the line and a pre-submission conversation on the largest balances add time a standard file does not need. Lendmire settles the ladder and the file first so the appraisal is the only wait.
Can the property be held in an LLC?
Entity vesting is accommodated on this program. The entity documents are read alongside the file, and the guarantors’ credit tier is the one the matrix uses.
The property has the rent. Let us find the rung.
Start with the property, the rent, and the balance you have in mind. No credit pull or commitment is required to request an initial scenario review.
This guide covers Terre Haute — for the statewide ladder, overlays, and scenarios, see Super Jumbo DSCR Loans in Indiana, part of Lendmire’s super jumbo DSCR loan program.
Nearby markets in Indiana: Bloomington · Nashville · Greenwood · Indianapolis · Lafayette · West Lafayette · Carmel · French Lick
Other loan programs in Terre Haute: DSCR Loans in Terre Haute, IN · Short-Term Rental Loans in Terre Haute, IN · Investment Property Cash-Out Refinance in Terre Haute, IN · Hard Money Loans in Terre Haute, IN · Bank Statement Loans in Terre Haute, IN · Super Jumbo Bank Statement Loans in Terre Haute, IN · Bank Statement HELOC in Terre Haute, IN · Investment Property HELOC in Terre Haute, IN