DSCR Investor Loans
DSCR loans for investors in 38 states.
Forget tax returns and W2s. DSCR loans qualify based on the property's own rental income. If the math works, the deal works.
All loans subject to credit and underwriting approval. Not all applicants will qualify. Rates, terms, and program availability are subject to change without notice. This page is for general education and is not an offer to lend or a commitment to make a loan. Travis Penny, NMLS ID #1649161, is a mortgage loan originator with Vision Mortgage, LLC, NMLS #1286953. Equal Housing Opportunity.
Can you get a DSCR loan without tax returns?
Yes. A DSCR loan qualifies on the property's rental cash flow, not your personal income, so tax returns, W2s, and pay stubs are not the basis of approval. The lender looks at whether the rent covers the debt on that specific property. That is what makes it the go to for self employed investors, LLC buyers, and anyone whose tax returns do not show the full income picture. I place DSCR in 38 states.
No personal income docs
Qualify on the property cash flow, not your tax returns.
LLC friendly
Close in your LLC. Stack your portfolio the way investors actually operate.
38 states covered
If you invest across state lines, I probably already place loans there.
Important: business purpose disclosure
DSCR loans on this page are business purpose loans, secured by non owner occupied 1 to 4 unit residential investment property. Funds may not be used for personal, family, or household purposes. Business purpose loans are not subject to certain consumer protection laws that apply to owner occupied mortgages, including the Truth in Lending Act and the Real Estate Settlement Procedures Act. Some states require the loan to be closed in the name of a limited liability company or corporation. State availability varies and is subject to change. We currently originate DSCR loans in 38 states. See our Licensing page for the current state list.
Run your numbers in 60 seconds
DSCR Calculator
Plug in the property and I'll tell you if it pencils, purchase or cash out refi.
How DSCR actually works
DSCR (Debt Service Coverage Ratio) compares the property's monthly rent to its full mortgage payment. A DSCR of 1.0 means the rent covers the payment. Higher is better. Most lenders look for somewhere around 1.0 or above, with pricing improving as the ratio grows.
DSCR loans in Florida
Florida is the single biggest market for DSCR loans in the country, and it is one I close in every week. Short term rental investors in Orlando, Kissimmee, Destin, and the Panhandle. Long term landlords in Jacksonville, Tampa, and Lakeland. Snowbird buyers turning a Naples or Cape Coral second home into a seasonal rental. A DSCR loan Florida investors actually close on is the one that accounts for the real Florida costs: hurricane insurance, flood insurance, condo association assessments, and the seasonality of short term rent. I structure the deal with those numbers in, not pretend they don't exist.
If you are buying a Florida investment property in an LLC and you want to skip tax returns, this is your loan.
Who DSCR is built for
Real estate investors building a portfolio. People with W2 income too high or too messy to qualify a traditional way. Folks who don't want their personal life underwritten every time they buy a rental. BRRRR investors. Short term rental operators. The list is long.
What I'll need
- The subject property address and basic info
- Estimated rent (lease, market rent, or short term projection)
- Your LLC docs if you're closing in an entity
- Credit and basic asset info
When the deal sounds more commercial
Bigger commercial deals or true private money scenarios are usually a better fit at my sister brand. Visit thecapitalgoat.com for those.
DSCR loans by state
State specific pages with rent math, insurance reality, and the markets I close in:
38 states total. Other states available on request.
States I lend in
We originate DSCR investor loans in 38 states through our nationwide lender network. State availability and entity vesting requirements vary. See our Licensing page for the current state list and confirm your scenario with us before applying.
Quick checklist
- No tax returns or W2s
- LLC closings welcome
- Short and long term rental friendly
- Cash out refis available
- Portfolio loan options for multiple properties
DSCR loan questions, answered.
What DSCR ratio do I need to qualify?
Most programs want the property's rent to at least cover the payment, a ratio around 1.0 or higher, with better pricing as the ratio climbs. I run your exact numbers with you before you apply.
Can I close a DSCR loan in my LLC?
Yes. DSCR loans are built for entity closings, and some states require it. Tell me your LLC setup and I structure it correctly.
Do DSCR loans work for short term rentals?
Yes. I place DSCR loans on both short and long term rentals, including projected short term income where the program allows.
How many states do you cover for DSCR?
38 states through my nationwide lender network. State availability and entity rules vary, so confirm your scenario with me first.
Do I need tax returns or W2s?
No. DSCR qualifies on the property's rental income, not your personal income documents.
Can I do a cash out refinance with a DSCR loan?
Yes, cash out refinances are available on qualifying investment properties. Send me the property and the numbers.
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