DSCR Investor Loans
DSCR loans on investment and rental properties in 37 states, from a mortgage broker who compares the programs
Travis Penny, a mortgage broker with Vision Mortgage (NMLS 1649161), arranges DSCR loans on rental properties with 1 to 9 units in 37 states. You close in an LLC or your personal name, except Montana, which need an LLC.
Travis Penny, Mortgage Broker, NMLS 1649161, Vision Mortgage, LLC NMLS 1286953. NMLS Consumer Access
Reviewed by Travis Penny, NMLS 1649161
Last reviewed October 13, 2026
I'm Travis Penny. Before you make an offer on a rental, run the rent and the full payment through my DSCR calculator. Then text me at (207) 615-7770 or send the address through my contact page, and I'll tell you which programs fit.
For everything lenders check on a DSCR file, see my DSCR loan requirements guide, and if you plan to buy in a company, read how DSCR loans work in an LLC.
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 review looks at whether the rent covers the debt on that specific property. That is what makes it useful for self employed investors, LLC buyers, and anyone whose tax returns do not show the full income picture. I place DSCR in the states listed on my Licensing page.
All loans are subject to credit and underwriting approval. Not all applicants will qualify. Program terms and availability can change. This page is for general education and is not a loan offer or a commitment to make a loan. Travis Penny, NMLS ID #1649161, is a mortgage broker with Vision Mortgage, LLC, NMLS #1286953. Equal Housing Opportunity.
12.4 business day average to clear to close
My average from loan submission to clear to close is 12.4 business days. That's an average, not a promise. Your timeline depends on your file, the appraisal and title, but when you need speed, I can move fast.
Average of my loans submitted to UWM, from submission to clear to close. Not a guarantee; individual timelines vary. Clear to close means underwriting is done. Closing is scheduled after that.
Text me at (207) 615-7770
No personal income docs
Qualify on the property cash flow, not your tax returns.
LLC friendly
Close in your LLC or your personal name in most states.
Licensed state coverage
37 states, one broker comparing the programs for you.
Your home in Maine or Florida, plus rentals in 37 states
I can do your primary or second home in Maine or Florida and your rental properties in 37 states with DSCR loans, all with one broker. DSCR loans are for investment properties only. Your own home is financed separately, with a loan program that fits how you'll live in it. Call or text 207-615-7770.
Important: business purpose disclosure
DSCR loans on this page are business purpose loans, secured by non owner occupied residential investment property with 1 to 9 units. 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 (LLC). State availability varies and is subject to change. I arrange DSCR loans in the states listed on my Licensing page. See my Licensing page for the current state list.
Run your numbers in 60 seconds
DSCR Calculator
Enter the rent, taxes, insurance and your own rate. See PITIA, DSCR, cash flow and the largest loan the rent supports.
How DSCR actually works, and what an investment property loan broker does
DSCR (Debt Service Coverage Ratio) compares the property's monthly rent to its full mortgage payment. I review whether the rent covers the property expenses and debt. Programs vary, and I review each client's file individually.
I'm not a single lender. As an investment property loan broker, I work with multiple DSCR programs and place your rental property loan, portfolio loan or single deal with the program that fits your property, your entity and your rent, not a one size fits all product.
DSCR loan Ohio: rental markets I work in
Ohio is on my Licensing page, and I place DSCR loans on Ohio rentals in Cleveland, Columbus, Cincinnati, Akron, Toledo and Dayton, plus short term rentals in areas like Hocking Hills.
Close in an LLC or your personal name. Check the city and county rental rules before you make an offer, since they vary by location and I have not verified every local ordinance.
2 to 4 unit rentals and 5 to 9 unit buildings
DSCR covers single units all the way up to small apartment buildings. On 2 to 4 unit rentals I look at rent unit by unit, backed by leases or market rent for each door. On 5 to 9 unit buildings the review goes deeper: the full rent roll, the leases in place, the building's condition, and insurance that covers the whole property, not just one unit.
I don't place anything above 9 units. Bigger commercial deals go to my sister brand at thecapitalgoat.com.
DSCR loans for short term rentals
DSCR loans can work for short term and vacation rentals too. Local zoning, city rules and your association decide whether the short term use is even allowed, so check that before you count on the income. See short term rental and Airbnb loans for how the income is documented and the Florida and Maine rules to check first.
| Long term rental DSCR loan | Short term rental DSCR loan | Second home loan | |
|---|---|---|---|
| Who lives there | A tenant, under a lease | Guests, on a short term basis | Mainly you, part of the year |
| How income is counted | Signed lease or market rent | History or projection, program dependent | Not used to qualify |
| Personal use | Not expected | Limited, program dependent | Expected, part of the year |
| How you close | LLC or your personal name | LLC or your personal name | Your own name |
| Where to read more | This page | Short term rental loans | Vacation home loans |
DSCR HELOC and second mortgage
Need to pull equity out of a rental instead of refinancing the first mortgage? A DSCR HELOC or DSCR second mortgage qualifies on the property's rent, the same way a DSCR purchase loan does, and keeps your existing first mortgage in place. See DSCR HELOC and second mortgage on a rental property for how it works and which states I offer it in.
Requirements at a glance
| What | What I look at |
|---|---|
| Property type | 1 to 4 unit rentals, 5 to 9 unit buildings, condos and townhomes, non warrantable condos (program by program), short term rentals where local rules and the association allow it |
| Rent evidence | A signed lease, the appraiser's market rent, or for short term rentals a 12 month history or a projection, depending on the program |
| Coverage | I review documented rent and property expenses file by file |
| Down payment | Depends on the program, the property and your credit |
| Credit and reserves | Reviewed case by case |
| What else gets reviewed | Insurance quote, association rental rules, condition, local short term rental rules |
| How you close | LLC or your personal name (Montana: LLC only) |
How I compare DSCR programs
I'm not tied to one investment property loan broker's shelf of products. For every deal I compare several DSCR lenders against your property, your entity and your rent, whether it's a single rental property loan or a portfolio loan across several properties, and tell you which program actually fits. See how I stack DSCR programs up in my picks for the best DSCR loans and a closer look at DSCR loan reviews.
DSCR loans in Florida
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. More on Florida: DSCR loan Florida requirements.
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
I arrange DSCR loans on investment and rental properties in all 37 states below. States with a dedicated guide link to it.
This list matches my Licensing page.
States I lend in
I arrange DSCR investor loans in the states listed on my Licensing page. State availability and entity vesting requirements vary. See my Licensing page for the current state list and confirm your scenario with me 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 are current DSCR loan rates?
I don't post rates because they move daily and depend on the property, credit and down payment. Send me the property and I'll price it across the programs I compare.
Can I get a DSCR loan pre approval?
Yes. I review credit, assets and the target rent range up front so you can make offers on investment properties. I confirm the property and program requirements before final approval.
Can I get a DSCR loan under $100k?
I can review smaller balances through some programs. Minimum loan amounts vary, so send me the deal and I'll check which programs could fit.
Are you a DSCR lender near me?
I'm a mortgage broker, not a lender. I close DSCR loans for investment properties in 37 states by phone and online. Send me your property and I'll review the programs I compare.
What is a DSCR loan?
A DSCR loan is a rental-property mortgage that qualifies on the property's rent, not on your personal income. DSCR stands for debt service coverage ratio, which compares monthly rent to the full monthly housing payment on that property.
Do DSCR loans require tax returns?
No, DSCR loans on investment and rental properties in the 37 states I cover do not use tax returns, W2s or pay stubs as the basis of approval. The review looks at whether the rent covers the debt on that property, along with your credit, down payment and reserves.
What DSCR ratio do I need to qualify?
I compare documented rent with the property expenses and debt. Program requirements vary, and I review each client's file before discussing which programs fit.
Can I close a DSCR loan in an LLC?
Yes, a DSCR rental loan can close in an LLC or in your personal name in most of the 37 states on my list. Montana require the loan to close in an LLC, so I check the vesting rule for your state before I recommend how you'll take title.
Can I use a DSCR loan for a short term rental?
Yes, a DSCR loan can work for a short term rental when the local rules and the association allow that use. Short term income is documented differently from a long-term lease, often with a history or a projection depending on the program.
Can I use a DSCR loan for a primary residence?
No, a DSCR loan is a business-purpose loan for a rental you do not live in, not for a primary residence. If you're buying a home to live in in Maine or Florida, see my Maine home loans and Florida home loans pages instead.
Keep exploring
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