DSCR loans qualify based on your property's rental income — not your personal income. No W-2s, no tax returns, no pay stubs. Here's everything you need to know.
1.0 (1.25+ for best rates)
620 (700+ for best rates)
80% purchase / 75% cash-out
$100K – $3M
SFR, 2-8 unit, condos
21–28 days
None — qualify on rent
AZ, CA, NV, WA, CO
Divide your property's monthly gross rent by the total monthly PITIA (Principal + Interest + Taxes + Insurance + HOA). A ratio of 1.0 or higher qualifies.
Most DSCR programs require a minimum credit score of 620. Check your score and address any errors before applying.
Gather a current lease agreement (or market rent appraisal for vacant properties), property tax records, and insurance quotes.
Submit a 2-minute pre-qualification at allapprovedhere.com/qualify. No credit pull required at this stage.
A licensed loan officer will review your scenario and provide a Loan Estimate within 1 business day.
Complete the full application, order the appraisal, and close in 21–28 days.
A DSCR (Debt Service Coverage Ratio) loan is a type of investment property mortgage that qualifies borrowers based on the rental income of the property — not the borrower's personal income. No W-2s, tax returns, or pay stubs are required. The lender divides the property's monthly gross rent by the total monthly housing payment (PITIA) to calculate the DSCR ratio.
Most DSCR lenders require a minimum ratio of 1.0, meaning the property's rental income covers 100% of the monthly payment. A DSCR of 1.25 or higher is considered strong and qualifies for the best rates and terms. Some programs allow a DSCR as low as 0.75 with a rate adjustment. A DSCR below 0.75 typically does not qualify for DSCR financing.
DSCR = Monthly Gross Rent ÷ Monthly PITIA (Principal + Interest + Taxes + Insurance + HOA). Example: If your property rents for $2,800/month and your total monthly payment is $2,200, your DSCR is 2,800 ÷ 2,200 = 1.27. A DSCR above 1.0 means the property cash flows positively.
Most DSCR programs require a minimum credit score of 620. The best rates are available at 700 or higher. Some lenders offer programs down to 580 with higher down payment requirements. AllApprovedHere.com works with borrowers from 620 and above.
DSCR loans are available for: 1-4 unit single-family residences (SFR), 2-8 unit multi-family properties, condominiums, and townhomes. The property must be non-owner-occupied (investment property). Short-term rental (Airbnb/VRBO) income may be used with documentation.
Most DSCR programs allow up to 80% LTV for purchase loans and 75% LTV for cash-out refinances. Some programs allow up to 85% LTV with mortgage insurance. The maximum LTV depends on the property type, DSCR ratio, and credit score.
DSCR loans typically close in 21–28 days. Because no personal income verification is required, the process is faster than conventional loans. AllApprovedHere.com has closed DSCR loans in as few as 14 days for well-prepared borrowers.
AllApprovedHere.com offers DSCR loans in Arizona (AZ), California (CA), Nevada (NV), Washington (WA), and Colorado (CO). NMLS #1502253, licensed through Barrett Financial Group (NMLS #181106).
Takes 2 minutes. No credit pull. No income docs required.
NMLS #1502253 · Licensed in AZ, CA, NV, WA, CO · Not a commitment to lend