DSCR loans — qualify on rental income, not tax returns.
Built for real estate investors. Close in an LLC. No W-2s, no DTI, no personal income docs. Available in 36 states including Colorado and Florida.
Program guidelines at a glance
Rough guidelines only — actual qualification depends on the full loan file (credit depth, reserves, property type, occupancy, and investor overlays). We'll confirm your exact numbers in writing.
| Guideline | Long-Term Rental DSCR 12+ month leases | Short-Term Rental DSCR Airbnb / VRBO income |
|---|---|---|
| Min FICO | 660 (most shelves) · 620 with larger down | 680 typical |
| Min down payment | 20% (DSCR ≥ 1.0) · 25% if DSCR < 1.0 · 15% with 740+ FICO on select shelves | 20%–25% · sometimes 30% in resort markets |
| Max DTI | N/A — personal DTI not calculated | N/A |
| Reserves | 3–6 months PITIA | 6 months PITIA |
| Min DSCR | 1.0 typical · down to 0.75 with rate add-on | 1.0 using AirDNA market projection · 12-mo operating history on existing STRs |
| Occupancy | Non-owner-occupied investment only | Non-owner-occupied STR |
| Entity | Can close in LLC, partnership, or corp Personal guaranty usually required | LLC closings welcome |
| Cash-out refi | Up to 75%–80% LTV | Up to 75% LTV (STR shelves cap lower than LTR) |
| Doc type | No personal income, no tax returns, no DTI | AirDNA projection OR 12 months of platform statements |
Long-Term Rental DSCR
12+ month leases
- Min FICO
- 660 (most shelves) · 620 with larger down
- Min down payment
- 20% (DSCR ≥ 1.0) · 25% if DSCR < 1.0 · 15% with 740+ FICO on select shelves
- Max DTI
- N/A — personal DTI not calculated
- Reserves
- 3–6 months PITIA
- Min DSCR
- 1.0 typical · down to 0.75 with rate add-on
- Occupancy
- Non-owner-occupied investment only
- Entity
- Can close in LLC, partnership, or corpPersonal guaranty usually required
- Cash-out refi
- Up to 75%–80% LTV
- Doc type
- No personal income, no tax returns, no DTI
Short-Term Rental DSCR
Airbnb / VRBO income
- Min FICO
- 680 typical
- Min down payment
- 20%–25% · sometimes 30% in resort markets
- Max DTI
- N/A
- Reserves
- 6 months PITIA
- Min DSCR
- 1.0 using AirDNA market projection · 12-mo operating history on existing STRs
- Occupancy
- Non-owner-occupied STR
- Entity
- LLC closings welcome
- Cash-out refi
- Up to 75% LTV (STR shelves cap lower than LTR)
- Doc type
- AirDNA projection OR 12 months of platform statements
No tax returns
Qualify on rental income alone. No W-2s, no DTI, no income docs.
Close in an LLC
Hold title in your business entity to keep personal credit clean.
STR-friendly
Short-term rental income (Airbnb/VRBO) can be used to qualify.
How DSCR loans work
DSCR loans are designed for investors who want to grow a portfolio without the documentation burden of conventional financing. Instead of verifying your personal income, the lender evaluates the property's ability to cover its own debt.
The DSCR formula: Monthly rent ÷ Monthly PITIA (principal, interest, taxes, insurance, and association dues). A ratio of 1.25 means the rent covers 125% of the debt — very strong. Many lenders accept 1.0 or even 0.75 with rate adjustments.
Down payment: 20–25% typical. 15% may be available for strong borrowers.
Property types: Single-family, condos, townhomes, and multifamily (up to 4 units). Short-term rentals are allowed with many lenders.
Loan limits: DSCR programs often go up to $3–5 million per property, with no overall portfolio cap.
Who DSCR loans are best for
- Real estate investors with multiple properties
- Self-employed buyers with complex tax returns
- Short-term rental investors (Airbnb / VRBO)
- Buyers who want to close in an LLC or trust
- Investors who have maxed out conventional financing
- Buyers purchasing in ski towns and vacation markets
DSCR loans by city
These Colorado and Florida markets have strong rental demand and are ideal for DSCR-financed investments.
DSCR loans in Telluride
Median: $2.4M
View guideDSCR loans in Ouray
Median: $695K
View guideDSCR loans in Grand Junction
Median: $415K
View guideDSCR loans in Vail
Median: $2.1M
View guideDSCR loans in Steamboat Springs
Median: $1.15M
View guideDSCR loans in Crested Butte
Median: $1.45M
View guideDSCR loans in Salida
Median: $595K
View guideDSCR loans in Pagosa Springs
Median: $575K
View guideDSCR loans in Buena Vista
Median: $555K
View guideDSCR loans in Estes Park
Median: $695K
View guideDSCR loans in Breckenridge
Median: $1.3M
View guideDSCR loans in Tampa
Median: $415K
View guideDSCR loans in Cape Coral
Median: $385K
View guideDSCR loans in Fort Myers
Median: $365K
View guideDSCR loans in Jacksonville
Median: $315K
View guideDSCR loans in Orlando
Median: $385K
View guideDSCR loans in Miami
Median: $625K
View guideDSCR loans in Destin
Median: $685K
View guideDSCR loans in 36 states
Tayton Capital originates DSCR investor loans across the following states. Don't see yours? Reach out — our lender network is constantly expanding.
* Tennessee available with restrictions. Contact us for details.
DSCR loan FAQs
What is a DSCR loan?+
A DSCR (Debt Service Coverage Ratio) loan is an investor-focused mortgage that qualifies you based on the property's rental income — not your personal W-2s, tax returns, or DTI. If the rent covers the mortgage payment, you can typically qualify.
What DSCR ratio do I need?+
Most lenders look for a DSCR of 1.0 or higher (rent equals or exceeds PITIA). Many programs go down to 0.75 with a small rate adjustment.
How much down payment is required?+
Typically 20–25% down for a DSCR loan, though stronger DSCR ratios, credit scores, and reserves can sometimes unlock 15% down options.
Can I close in an LLC?+
Yes — DSCR loans are designed for investors and routinely close in the name of an LLC, partnership, or other business entity, which is one of their biggest advantages over conventional financing.
Do DSCR loans work for short-term rentals (Airbnb / VRBO)?+
Yes. Many DSCR lenders allow short-term rental income to qualify the property — usually documented with a market rent appraisal or a 12-month AirDNA / operating history. This is especially useful for STR-friendly markets.
What credit score do I need?+
Most programs start at 660–680 FICO. Lower scores may be possible with larger down payments.
How many DSCR loans can I have?+
There is generally no limit on the number of DSCR loans an investor can hold, unlike conventional financing which caps you at 10 financed properties.
Get a DSCR loan quote
Tell us about the property — we'll send back a rate, terms, and max loan amount.
Related loan programs
Not sure this is the right fit? Explore other programs we originate.
DSCR comparisons & markets
DSCR vs Conventional
Rental income vs personal DTI qualifying.
Read moreSelf-employed mortgages (CO)
Bank statement & P&L alternatives.
Read moreSnowbird & second homes
DSCR for STR vacation rentals.
Read moreMiami-Dade County
Florida investor market — limits & insurance.
Read moreSummit County
Breck / Keystone STR financing.
Read morePitkin County
Aspen / Snowmass investor financing.
Read more