A DSCR (debt-service-coverage-ratio) loan qualifies you on the property's cash flow — not your tax returns. Here's exactly what most reputable lenders require, based on the deals we route every week.
Check your DSCR deal →Most DSCR lenders look for a 660–680 minimum FICO, with the best rates at 720+. A few lenders will go to 620 with stronger reserves or a larger down payment. Credit is checked, but personal income is not.
Plan on 20–25% down for a purchase. Some programs allow 15% down at higher rates or with a DSCR above 1.25. True 0% down DSCR loans don't exist from reputable lenders — claims otherwise usually refer to seller-financed or partnership structures, not a DSCR loan.
Yes. Lenders order a standard 1004 appraisal (or 1007 rent schedule for single-family rentals) to confirm value and market rent. Market rent — not your projected rent — drives the DSCR calculation.
No. The whole point of a DSCR loan is that qualification is based on the property's cash flow, not your personal income. You won't provide tax returns, W-2s, pay stubs, or employment letters. Expect to provide ID, bank statements for reserves, the lease (if rented), and entity documents.
Almost always, yes — even when you close in an LLC. The personal guarantee is what keeps DSCR rates competitive. A few lenders offer non-recourse DSCR loans, but pricing is meaningfully higher and reserve requirements are tighter.
1.0 is the floor (rent = PITIA). Most lenders price best at 1.20–1.25 and above. Sub-1.0 'no-ratio' DSCR loans exist but carry higher rates, larger down payments, and stricter reserves. DSCR = gross monthly rent ÷ PITIA (principal, interest, taxes, insurance, association dues).
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