Steamboat Springs is one of Colorado's strongest short-term rental markets — and DSCR loans let investors qualify on rental income alone, with no W-2s or tax returns required.
The Steamboat Str Market
Steamboat Springs Ski Resort draws over 1 million skier visits annually, and the summer outdoor recreation market has grown substantially. STR properties in Steamboat generate income across two strong seasons, with shoulder season occupancy improving each year. AirDNA data shows average Steamboat STR annual revenue of $45,000–$85,000 depending on property size and location.
2026 Loan Limits in Routt County
Routt County (Steamboat Springs, Craig, Hayden, Oak Creek) is a designated high-cost area: • Conforming limit: $1,089,050 — one of Colorado's highest • FHA limit: $1,089,050
DSCR loans are available up to these limits at conforming rates, and above as jumbo DSCR.
How Dscr Qualification Works
DSCR = Monthly Gross Rental Income ÷ Monthly PITI (principal, interest, taxes, insurance)
For a $900,000 Steamboat property at 7.25% over 30 years (plus taxes and insurance), PITI might be ~$7,200/month. If AirDNA projects $8,100/month in gross rental income, DSCR = 1.125 — qualifying at most lenders.
TYPICAL REQUIREMENTS • Down payment: 20–25% • Credit score: 680+ (700+ for best pricing) • Can close in LLC • STR permit: Required in Steamboat Springs city limits — verify availability before offer