DSCR investor loans.

A DSCR loan (debt service coverage ratio) is a mortgage for a rental property that is underwritten on the property's income rather than on your personal income. The ratio compares the property's rent to its monthly housing payment; if the rent covers the payment to the lender's standard, the loan can work without W-2s, pay stubs or tax returns. Available for long-term and, with many lenders, short-term rentals.

Real estate investors buying or refinancing rental properties — from a first rental to a growing portfolio — and self-employed investors whose tax returns don't reflect their ability to carry the loan.

A property that rents (or will rent, per an appraiser's market rent analysis) for enough to cover its payment; a credit history that meets the lender's standards; the down payment and reserves the program requires; and an entity or personal vesting, depending on the lender. No employment or income documentation for most programs.

DSCR loans are business-purpose loans on non-owner-occupied property; they are not for a home you'll live in. Ask us which states we can lend in for investment property — it is often more than the states we serve for owner-occupied loans.