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1 to 4 Unit Residential DSCR

1 to 4 Unit
DSCR Loans.

A 25 to 30 year loan on a house, duplex, triplex, or fourplex you rent out. Qualify on the rent, not your tax returns.

Get a QuoteSee typical terms
Program Snapshot
$250K
Min loan
$15M
Max loan
85%
Max LTV
25-30 yr
Fixed term
As low as 1 day property seasoning on purchase or refi
Often no reserves seasoning on purchases; many refinances need none
Airbnb and VRBO income from market rent forecasts
Close in your LLC, corp, or trust
Program Overview

Built to Hold
the Rental

Good to know
Airbnb and VRBO count
You do not need a long-term lease. We can use income projections to qualify the property.

If you own one to four unit rentals, this is usually the long-term loan. You get 25 to 30 year payments, you can close in an LLC, and we look at the property first, not your W-2.

Good to know
Just bought? You can still refinance
Many lenders make you wait six months of ownership first. We can refinance as soon as the purchase is on record.
Typical terms

What you can typically borrow

These are typical ranges, not a quote. Your rate and loan amount depend on the property, your credit, and the market.

Loan Amount
$250,000 to $15,000,000
Max LTV (Purchase)
85%75% on cash out refi, 70% on second homes
Loan Term
25 to 30 year10 year interest only option
Prepayment
Step down5/4/3/2/1 standard; shorter terms with rate or origination adjustment
Occupancy
Non owner occupied onlyInvestment property; primary residences not eligible
Min DSCR on loans under $500K
None
Min DSCR on loans of $500K+
0.9
Property Seasoning
As low as 1 dayOften avoids the typical 6 month cash out wait
Reserves
Often nonePurchase reserves often need no seasoning. Many refinances need none
Airbnb and VRBO
AirDNA acceptedNo hosting experience required
Minimum FICO
620You can qualify at 620. The lowest rates usually start at 750 FICO
Eligible Borrowers
US citizens, permanent residentsForeign nationals on adjusted matrix
Eligible Entities
LLC, LP, S Corp, C Corp, TrustPersonal guaranty required
Recourse
Personal guarantyNon recourse on case by case for stronger credit and experience
Note: These are typical terms. Your quote can change by state, property type, occupancy, and credit. Cash out limits, seasoning, and reserves vary.
Have a rental in mind?
Share the address and we will send back pricing and how much you can typically borrow.
Get a Quote
1 to 4 Unit State Coverage

Where We Close
1 to 4 Unit Residential

State coverage on 1 to 4 unit residential is more limited than on our commercial and 5+ unit programs. The highlighted states are where we are active today. If you do not see your state, talk to an advisor about your specific scenario.

Active for 1 to 4 unit
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Property types

Property types we like

Single Family Rental

Detached single family homes held as long term rentals. Most common DSCR asset.

2 to 4 Unit

Duplexes, triplexes, and quads. Income aggregated across units to calculate DSCR.

Condos and Townhomes

Warrantable and non warrantable condos accepted. HOA fees factored into DSCR calc.

Short Term Rental

Qualify on what the property can earn as a vacation rental, not just a long-term lease. Full market forecast if you host nearby; usually 80% if it is your first in the area.

Planned Unit Developments

PUDs and master planned community homes underwritten the same as detached SFR.

Portfolio (1 to 10)

Cross collateralize multiple rentals under a single DSCR loan for simpler servicing.

Not eligible: Owner occupied homes, agricultural property, mobile homes on leased land, working farms, raw land.
Confirm your property
Who this is for

Built for people who
collect rent

If you rent out a 1 to 4 unit property and want a long-term loan without a pile of personal tax returns, this is often the fit.

1

Self employed and business owners

If your tax returns are messy or tightly written down, DSCR is often easier than a conventional loan. We price the property, not your 1040.

2

You already have several financed properties

Conventional loans often cap you at 10 financed properties. DSCR does not work that way, so you can keep buying as you stabilize new rentals.

3

Closing in an LLC

Close in a holding company, series LLC, or trust. No last-minute deed transfer at closing.

4

Airbnb and VRBO hosts

Use market rent forecasts for Airbnb and VRBO. Full amount if you already host nearby; usually 80% if you are new to the area. Properties with booking history can use actual income too.

5

Refinance from a hard money exit

Take out short term rehab debt with permanent 30 year financing once the property is leased and stabilized.

How It Closes

Typical Timeline: About 30 Days

01
Week 1

Your quote

Share a short summary and the address. Rate, loan amount, fees, and timing often come back the same day.

02
Week 1 to 2

Application + Appraisal

Sign the quote, complete the application, order appraisal. Title and insurance kick off in parallel.

03
Week 2 to 3

Underwriting

We review the deal, issue conditions, and clear them. Ready to close once appraisal and title are in.

04
Week 3 to 4

Close + Fund

Final docs to title. Wire may be funded the same day documents are signed.

Ready to get started?
Request a quote and we will walk you through the path to close.
Get a Quote
DSCR Questions

Frequently Asked

What if the property doesn't appraise high enough for the rent to cover the payment?+
Loans under $500K typically have no DSCR minimum. Loans above $500K typically need a 0.9 DSCR. Pricing still moves with coverage, credit, and leverage. The right structure depends on your goals: minimize down payment, minimize rate, or maximize cash out.
How much do I need to put down on a DSCR purchase?+
15% down minimum on most purchases, which corresponds to 85% LTV. Cash out refinances max at 75% LTV. Stronger DSCR and credit profiles (620 minimum, 750 FICO for the lowest rates) get you to the maximum leverage. Below 1.0 DSCR typically requires 25 to 30% down.
How does cash out work?+
Cash out proceeds can be used for business and investment purposes, such as your next acquisition, renovations, or paying down portfolio debt. Proceeds cannot be used for personal expenses. We can close cash out with just 1 day of property seasoning, with no requirement that reserves funds be seasoned.
Are there reserves requirements?+
Most loans require 6 months of PITI in liquid reserves at closing. Larger loan amounts or lower DSCR scenarios may require 12 months. Reserves can be held in checking, savings, brokerage, or retirement accounts. On purchase loans, reserves do not need to be seasoned, so funds moved into the account shortly before close still qualify. Refinances follow standard seasoning rules.
Do you lend on short term rentals like Airbnb?+
Yes. For Airbnb and VRBO we can qualify the loan on a market rent forecast (AirDNA is the industry standard data source), not only a signed lease. If you already run other short-term rentals in the area, we can often use the full forecast for this property. If it would be your first in that market, we can often use 80% of the forecast. Properties with a track record can qualify on actual booking income instead. Some cities have restrictions. We will confirm when we review your deal.
What is the prepayment penalty?+
Standard structure is a 5/4/3/2/1 step down: 5% of principal year one, 4% year two, and so on. Shorter or zero year prepay options are available with a rate adjustment of roughly 25 to 50 bps depending on structure.
Related Programs

Pair DSCR With Your Next Move

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Build

Residential Ground Up Construction

Finance vertical builds, then refinance into DSCR at completion.

Speed

Bridge

Close fast on a deal you intend to refinance into DSCR within 12 to 24 months.

5+ Units

Multifamily

Scale from 1 to 4 unit DSCR into 5 plus unit apartment financing.

Get Started

Have a Rental Deal?
Let's Run the Numbers.

Get rates, how much you can borrow, and timing, often the same day.