A DSCR loan is underwritten on the rent the property collects against its payment. No debt-to-income test, no tax returns, no employment verification. Run your numbers below before you send anything over.
Maximum leverage available on a DSCR rental loan. Your file lands somewhere inside these boundaries based on credit, coverage, loan size, and the property.
| Tier | DSCR | FICO | Max LTV — purchase | Max LTV — refinance | Max LTV — cash-out |
|---|---|---|---|---|---|
| Tier 1 | 1.25+ | 740+ | 80% | 80% | 75% |
| Tier 2 | 1.15 – 1.24 | 700+ | 80% | 80% | 75% |
| Tier 3 | 1.00 – 1.14 | 680+ | 75% | 75% | 70% |
| Tier 4 | 1.00+ | 660 – 679 | 65% | 65% | 60% |
| Tier 5 | 0.80 – 0.99 | 700+ | 75% | 70% | 70% |
| Tier 5 | 0.80 – 0.99 | 680+ | 70% | 65% | — |
| Tier 5 | 0.80 – 0.99 | 650+ | 65% | — | — |
Maximum leverage steps down as the loan gets larger — the first breaks land near $1.5M, $2M, and $2.5M. Credit below 700 tightens quickly on any file underwriting below 1.00 coverage, and cash-out is not available on every sub-1.00 tier. Short-term rental income is considered with a 12-month operating history or an appraiser’s market-rent schedule. First-time investors are accepted, with additional borrower and property requirements and lower leverage.1
1 Depending on the program, a first-time investor may need to already own a primary residence, have previously purchased property, carry a 700 credit score, buy a single-unit property, and show coverage above 1.00.
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DSCR is gross rent divided by PITIA — principal, interest, taxes, insurance, and association dues. Vacancy and maintenance are not deducted.
Unlike the DSCR test, this one deducts vacancy, maintenance, and management — the numbers that decide whether you actually want the deal.
Leverage flags compare against the highest figure available across the programs we work with. A flagged number is not a decline — it means the loan you entered is above what any program will fund at that value or that coverage, so either the loan comes down or more cash goes in.
Term sheet in one business day. No application fee, no credit pull to get pricing.