Real Estate Investor Financing
Find Your Perfect
DSCR Loan in
60 Seconds
Compare rates, requirements, and terms from 8 top DSCR lenders. Qualify based on rental income — no W-2, no tax returns required.
Free Tool
DSCR Calculator
Calculate your Debt Service Coverage Ratio instantly
Don't know your monthly P&I? Enter your loan details below and we'll calculate it for you.
Enter your rental income and PITIA expenses above to calculate your DSCR ratio instantly.
8
Lenders Compared
Checked against each lender’s own program page
0.75
Lowest Min DSCR
Plus 4 lenders with sub-1.0 or no-ratio programs
$30M
Max Loan Size
Axos Bank, 1–4 unit residential
5.875%
Lowest Starting Rate
Kiavi · 3 of 8 publish a rate
We compare DSCR loans from 8 top non-QM lenders
New Silver
Instant pre-approval
Beeline
Tech platform
Visio Lending
Since 2012
Angel Oak
Non-QM leader
Griffin Funding
Up to $4.5M
Kiavi
From 5.875%
Axos Bank
Bank-direct lender
theLender
No-ratio NONI
Independent comparison · No paid placements
Education
How DSCR Loans Work
DSCR loans are the financing tool of choice for serious real estate investors scaling their portfolios.
Qualify on Rent, Not Income
DSCR lenders evaluate your loan eligibility based on the property's rental income versus its monthly expenses — not your W-2 or tax returns. Perfect for self-employed investors or those with complex finances.
DSCR = Rent ÷ PITIA
Your DSCR ratio is simply your monthly rent divided by the total monthly debt service (Principal, Interest, Taxes, Insurance, and HOA). A ratio of 1.0 means break-even; 1.25+ means strong cash flow.
Fast, Flexible Closings
Most DSCR loans close in 2-4 weeks with minimal documentation. You can close in an LLC, hold unlimited properties, and choose from 30-year fixed, ARM, or interest-only structures.
Updated September 2026
Top DSCR Lenders Compared
Sorted by rate — click any column to re-sort
| Lender | Min DSCR | Rates From | Min Down | Max Loan | Min FICO | Best For | Quote |
|---|---|---|---|---|---|---|---|
KiaviLowest Rates Tech platform, fix-and-flip + DSCR in one lender Now originated by Figure (Sept 2026) | 0.80 | 5.875% | 20% | Check lender | 660 | BRRRR strategy investors | Get Quote |
New SilverFastest Approval Lowest minimum DSCR, instant pre-approval technology | 0.75 | 6% | 20% | $3M | 660 | Properties with thin margins | Get Quote |
Griffin Funding High loan limits, jumbo DSCR specialist, no-ratio program | 0.75* | 6.375% | 15% | $4.5M | 620 | Luxury & large properties | Get Quote |
Beeline Tech-forward digital platform, fully online process | 0.75 | Check lender | 20% | Check lender | 640 | Tech-savvy investors | Get Quote |
Visio LendingMost Trusted STR/Airbnb specialist — underwrites Airbnb income via AirDNA, DSCR pioneer since 2012 | 1.00 | Check lender | 20% | $5M | 680 | Short-term rentals & Airbnb | Get Quote |
Click column headers to sort. "Check lender" means the lender publishes no figure for that column — we link to their program page rather than print a number we can't source. Published rates are best-profile starting rates, not averages. * = lender also offers a sub-1.0 or no-ratio program, so its minimum is not a hard cutoff. Learn about our methodology.
Quick Reference
What Does Your DSCR Ratio Mean?
1.25+
Qualifies for best rates with all DSCR lenders. Strong cash flow buffer.
All 8 lenders · best pricing
1.0 – 1.24
Standard DSCR qualification. Wide lender selection and competitive terms.
All 8 lenders · standard pricing
0.75 – 0.99
Select lenders only. Expect higher rates and a larger down payment.
Beeline, Griffin Funding & New Silver at 0.75; Kiavi from 0.80
Below 0.75
Below every published ratio minimum. Qualifying means a no-ratio program — expect a lower maximum LTV, a higher rate and larger reserves.
Griffin Funding, Angel Oak, theLender & Axos Bank (no-ratio)
Common Questions
DSCR Loan FAQ
What is a DSCR loan?
A DSCR (Debt Service Coverage Ratio) loan is a mortgage for real estate investors that qualifies you based on the rental income of the property, not your personal income or tax returns. This makes it ideal for self-employed investors, those with complex tax returns, or investors scaling beyond conventional loan limits.
What DSCR ratio do I need to qualify?
Most lenders require a minimum DSCR of 1.0, meaning rental income fully covers the monthly mortgage payment (PITIA). Some specialty lenders accept ratios as low as 0.75, and four of the eight we compare — Griffin Funding, Angel Oak, theLender and Axos Bank — publish a sub-1.0 or no-ratio program. Those carry stricter terms: a lower maximum LTV, a higher rate and larger cash reserves. A DSCR of 1.25 or above qualifies you for the best rates.
How is DSCR calculated?
DSCR = Monthly Rent ÷ (Principal + Interest + Taxes + Insurance + HOA). For example, if your property rents for $3,000/month and your total PITIA is $2,400, your DSCR is 1.25 — an excellent ratio. Use our free calculator to find your property's DSCR instantly.
Can I get a DSCR loan with bad credit?
Most DSCR lenders require a minimum credit score of 660–680 FICO. A few lenders accept scores as low as 620, but with meaningfully higher interest rates and larger required down payments. Improving your credit score before applying can save you significantly over the life of the loan.
How much down payment do I need for a DSCR loan?
Standard down payments range from 20–25%. Some lenders may offer 15% down for borrowers with strong DSCR ratios (1.25+) and excellent credit. Investment properties typically require larger down payments than primary residences regardless of loan type.
Are DSCR loan rates higher than conventional mortgages?
Yes, typically 0.5% to 1.25% higher than conventional investment property rates. This premium reflects the alternative qualification method and the non-QM nature of DSCR loans. However, for investors who cannot qualify conventionally — or who need to scale beyond 10 properties — DSCR loans offer access that conventional programs do not.
Can I use a DSCR loan for short-term rentals (Airbnb)?
Yes, most DSCR lenders now accept short-term rentals. Lenders typically use AirDNA projected rental income, 12-month platform income history, or appraiser-estimated market rents to qualify STR properties. Some lenders offer dedicated STR programs with competitive terms.
Can I close a DSCR loan in an LLC?
Yes — one of the primary advantages of DSCR loans is that you can close in an LLC or other entity name. This is preferred by many real estate investors for asset protection and estate planning purposes. Conventional Fannie Mae / Freddie Mac loans typically require individual ownership.
Investor Education
DSCR Loan Resources
How to Improve Your DSCR Ratio: 9 Levers That Move It
Practical ways to raise your DSCR ratio before applying: rent strategies, PITIA reduction, loan structure, and lender selection. With worked examples.
Read article →
How to Calculate DSCR: Formula, Steps & 4 Examples
The DSCR formula explained step by step, with real worked examples for a single-family rental, duplex, sub-1.0 deal, and short-term rental. Free Excel template included.
Read article →
DSCR Cash-Out Refinance: Pull Equity Without Tax Returns
How DSCR cash-out refinances work in 2026: LTV limits, seasoning rules, rates, BRRRR strategy, and when pulling equity makes sense for investors.
Read article →
Ready to Move Forward?
Compare Every DSCR Lender in One Place
Stop searching lender by lender. DSCR Finder compares rates, requirements, and features across the top 8 lenders — free, independent, and updated monthly.