DSCR loans for investment property.
The investor mortgage that qualifies on rent, not tax returns. DSCR loans (Debt Service Coverage Ratio) are sourced from 21 pre-vetted direct DSCR lenders on Ask Speedy. Median rate 7.4%, 21-day close, $25k–$5M+ loan range. No personal income required.
Defined
What is a DSCR loan?
A DSCR loan (Debt Service Coverage Ratio loan) qualifies the property's rental cash flow instead of the borrower's personal income. The formula:
A DSCR of 1.0 means rent exactly covers the loan payment. 1.25 means 25% cushion. Most direct DSCR lenders require minimum 1.0 to 1.25 — higher ratio gets better rate and higher LTV.
For ISOs and brokers, DSCR is the workhorse residential investment product. No tax returns required. No W-2 verification. Bank statements + rent roll + entity docs are the typical doc package. LLCs welcome.
Why source DSCR on Ask Speedy
21 direct DSCR lenders, ranked publicly.
21 direct DSCR lenders
All vetted before access. Funding history, capital source, licensure confirmed. No broker middlemen.
Performance leaderboard
Time-to-close, approval rate, average rate visible per lender. Easy to spot who actually funds a 620 FICO or non-warrantable condo.
Multi-lender 1-click submit
Speedy pre-underwrites to each lender's box. ISO submits to 5+ matching lenders in one click. No re-keying.
Renewal radar
Speedy tracks the DSCR loan maturity and surfaces the refi 90 days before it matters. Don't lose the renewal to a competitor.
DSCR at a glance
Direct lender terms across the platform.
| Metric | Range / typical |
|---|---|
| Loan range | $25,000 – $5,000,000+ (resi); up to $10M+ on commercial DSCR |
| Rate range | 6.5–8.0% (median 7.4%) |
| FICO floor | 620 typical, 600 specialty programs |
| Max LTV | 80% purchase, 75-80% cash-out refi |
| Min DSCR coverage | 1.0 to 1.25 depending on lender |
| Term | 30-year fixed or ARM (5/1, 7/1, 10/1) |
| Amortization | 30-year typical; interest-only available |
| Prepayment | 5/4/3/2/1 step-down typical; no-prepay programs +0.5-1% rate |
| Seasoning (cash-out) | 0, 30, 60, or 90 days depending on lender |
| Time to close | 21-30 days typical; 15-day expedited available |
| Entities accepted | LLC (most common), individual, trust, partnership |
Common scenarios
Where DSCR shines.
BRRRR cash-out refi
After acquisition + rehab + rent, refi out of hard money into DSCR. Pull equity for the next deal. Sequenced in Speedy.
Self-employed investors
Tax returns don't reflect true income. DSCR ignores them entirely. Property pays the loan; property qualifies.
Foreign nationals
No US tax returns. DSCR programs available with passport, ITIN, and asset verification.
Short-term rental (STR)
AirDNA-based or 12-month booking history underwriting. STR-specialized direct lenders on the platform.
Portfolio (multiple SFR)
One DSCR loan covering 5-20 rental properties. Better terms than individual loans.
Non-warrantable condos
Properties Fannie/Freddie won't buy. Specialty DSCR direct lenders handle these.
FAQ