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DSCR loans that qualify on rent, not your W-2.
A DSCR loan qualifies primarily on the property’s rental income — its debt-service coverage ratio — rather than traditional income documentation like tax returns and W-2s. Built for investors growing a rental portfolio.
- No traditional income documentation. No tax returns or W-2s. Qualification centers on the property’s rental income.
- Up to 80% LTV on purchase. Up to 75% on cash-out refinance.
- 30-year fixed, interest-only, or ARM. Structure the loan around your hold strategy.
- No portfolio cap. Finance multiple investment properties under your LLC, subject to qualification.
Lease or market rent
Your estimated loan, not a maximum
Enter rent and loan details to see your result.
No application fee. No obligation to proceed.
DSCR = monthly rent ÷ monthly principal, interest, taxes, insurance, and HOA. Estimates only — not a loan offer or approval. Final terms depend on credit, the property, and full underwriting.
DSCR Loan Requirements & Eligibility
The standard guidelines LGV Capital uses to evaluate DSCR rental property loans. Final terms vary based on property cash flow, credit, and leverage.
Credit is reviewed. Traditional income documentation like tax returns and W-2s is not required.
DSCR is monthly rent divided by principal, interest, taxes, insurance, and HOA. A DSCR of 1.25+ generally supports better pricing and leverage.
Loan amounts from $100K to $3.5M for individual rental properties and growing portfolios.
On purchases. Up to 75% on cash-out refinance. Lower limits may apply to multifamily and short-term rentals.
Structure the payment around your hold strategy and cash flow.
Non-owner-occupied SFR, condos, townhomes, 2–4 unit, and multifamily up to 11 units.
Rent from an executed lease or the appraiser’s market rent estimate. Short-term rental income is also considered.
Certain refinance scenarios may qualify without a seasoning period, subject to program guidelines.
DSCR financing built around your investment strategy
Whether you’re buying your first rental, scaling a portfolio, financing an STR, or pulling equity from a recently renovated property, LGV Capital offers DSCR structures designed around the way investors actually operate.
Finance single-family and small multifamily rentals on rental income
Long-term rental DSCR loans are underwritten on an executed lease or market rent from the appraisal. No W-2s or tax returns required.
- SFR, condos, townhomes, and 2–4 unit properties
- Market rent accepted when the property is vacant or between tenants
- 30-year fixed, interest-only, or ARM options for your hold strategy
- No stated portfolio cap, subject to qualification and program guidelines
Airbnb and VRBO financing built around nightly income
LGV Capital underwrites short-term rental income using market projections (such as AirDNA) or trailing 12-month platform data — so new and existing STRs can both qualify.
- Short-term rental income may be used for qualification based on eligible projections or documented operating history
- Market projections used for new STR acquisitions with no rental history
- SFR, condos, and vacation properties in STR-friendly markets
- No tax returns or W-2s — qualify on projected rental revenue
Scale into 2–11 unit properties on combined rental income
Multifamily DSCR loans are underwritten on the combined rent across all units. More doors means more income — and more room in your DSCR. LGV Capital lends on properties up to 11 units.
- Duplex, triplex, fourplex, and up to 11-unit multifamily properties
- Combined gross rents across all units used for the DSCR calculation
- Partially vacant properties may still qualify on market rent
- Hold the property in an LLC or other entity
Pull your equity out without the long wait
The BRRRR strategy works when you can refinance quickly. Many LGV Capital DSCR cash-out refinances qualify without a seasoning period — so you can refinance once the property is stabilized instead of waiting the 6+ months traditional lenders often require, subject to program guidelines.
- Many refinances qualify without seasoning once the property is stabilized
- Cash-out up to 75% LTV based on the current appraised value
- Redeploy equity into your next acquisition without selling
- Qualify on post-rehab rental income — not your tax returns
Maximize monthly cash flow with interest-only payments
Interest-only payments can reduce the monthly debt obligation, potentially improving DSCR and monthly cash flow during the interest-only period. Ideal for investors focused on monthly returns.
- A lower monthly payment can improve your DSCR
- Interest-only periods available to maximize early cash flow
- Qualify on rental income — no tax returns or employment verification
- Available on SFR, multifamily, and STR properties, loans up to $3.5M
Why investors choose DSCR financing
Traditional financing isn’t built around every investment strategy. DSCR financing puts the property’s rental income at the center of the conversation.
| Factor | LGV Capital DSCR Investor pick Underwritten on the property’s cash flow | Traditional Financing Underwritten on income and financial profile |
|---|---|---|
| Qualification basis | Property cash flow (DSCR) | Income + financial profile |
| Income verification | No tax returns or W-2s | Traditional income documentation |
| Minimum DSCR | As low as 0.75 | 1.0+ |
| Time to close | 2–3 weeks | 30–40 days |
| Entity / LLC vesting | Supported | Not allowed |
| Portfolio size | No stated cap* | Capped at 10 properties |
| STR / Airbnb income | Available on eligible programs | Not accepted |
| Cash-out seasoning | Not required* | 6+ months |
| Get a term sheet |
*Subject to qualification and program guidelines.
From application to funding, in four steps.
Four straightforward steps from application to funding. Many deals close in 2–3 weeks, depending on appraisal, title, documentation, and underwriting.
-
1
Day 1
Submit your deal
Tell us about the property and the loan you want. No tax returns or W‑2s.
You provide
- Address and price or value
- Lease or market rent
- Target loan amount
-
2
Within 24 hours
Get your term sheet
We size the loan on the property’s rent and send you written terms.
You get
- Rate and loan amount
- LTV and loan structure
- The property’s DSCR
-
3
After you accept
Docs & appraisal
Accept the terms and upload documents. We order the appraisal and title.
You provide
- Bank statements for reserves
- LLC documents, if applicable
- Insurance quote & photo ID
-
4
2–3 weeks
Close & fund
Once the appraisal and title are clear, you sign and funds are wired at closing.
You get
- Final loan approval
- Closing with title
- Funds wired at closing
No traditional income documentation: tax returns, W‑2s, or employment verification.
Start My DSCR Loan →No application fee. No obligation to proceed.
Common DSCR Loan Questions, Answered
A DSCR (debt service coverage ratio) loan is a rental property loan that qualifies primarily on the property’s rental income rather than your personal income. The lender compares the monthly rent to the full monthly payment — principal, interest, taxes, insurance, and HOA — to confirm the property can carry its own debt.
At LGV Capital, DSCR loans start at a 650 minimum credit score and a 0.75 minimum DSCR. Loan amounts range from $100K to $3.5M, with up to 80% LTV on purchases and up to 75% on cash-out refinances (lower limits apply to multifamily and short-term rentals). The property must be a non-owner-occupied investment property, and qualifying rent comes from a lease or market rent.
DSCR is the monthly rent divided by the monthly payment (principal, interest, taxes, insurance, and HOA). Example: $3,600 in rent against a $2,826 payment is a DSCR of 1.27. A 1.00 means the rent exactly covers the payment. You can run your own numbers with our DSCR loan calculator.
On a purchase, the minimum down payment is 20%, since LGV Capital lends up to 80% LTV. Multifamily and short-term rental properties have lower LTV limits, so plan on 25% down for those. You’ll also need funds for closing costs and reserves.
You’ll get a term sheet within 24 hours of submitting your deal. Many deals close in 2–3 weeks, depending on appraisal, title, documentation, and underwriting.
No. DSCR loans don’t require traditional income documentation like tax returns, W-2s, pay stubs, or employment verification. You will provide bank statements to show funds for the down payment, closing costs, and reserves, plus a credit check.
A DSCR of 1.00 is break-even. LGV Capital’s minimum is 0.75, and 1.25 or higher is considered strong coverage, which can support better pricing and leverage.
Yes. LGV Capital lends down to a 0.75 DSCR, meaning rent covers 75% of the payment. Deals below 1.00 may come with lower leverage or adjusted pricing, which your term sheet will show.
Yes, on eligible programs. Short-term rental income may be used based on eligible projections or documented operating history. Short-term rentals qualify for up to 75% LTV.
Qualifying rent comes from an executed lease or, if the property is vacant or being purchased, the market rent from the appraisal.
Yes. LGV Capital closes DSCR loans in LLCs and other business entities, so you can hold rentals the way you already structure your portfolio.
LGV Capital has no stated portfolio cap. You can finance multiple investment properties, subject to qualification on each deal.
Non-owner-occupied investment properties, including single-family homes, condos, townhomes, 2–4 unit properties, and multifamily up to 11 units.
LGV Capital offers 30-year fixed, interest-only, and ARM structures. Interest-only lowers the monthly payment, which can improve the property’s DSCR.
Yes, up to 75% LTV (70% on multifamily). Certain refinance scenarios may qualify without a seasoning period, subject to program guidelines, which makes DSCR a common exit for BRRRR investors.
Yes. Once the property is rented, many investors refinance out of a bridge loan or fix and flip loan into a long-term DSCR loan with LGV Capital.
Pricing is based on credit score, DSCR, LTV, property type, and loan structure. Your term sheet shows your exact rate within 24 hours.
Many DSCR loans include a prepayment penalty, commonly structured over 1 to 5 years. Your prepayment terms are spelled out on your term sheet, and reduced prepayment options may be available.
Yes. First-time investors can qualify when the property and the deal meet DSCR program guidelines.
Still have questions?
Investors who scaled without the paperwork.
"At this point I mainly care about execution and communication. LGV stayed on top of everything and the deal closed WITHOUT a bunch of back and forth. Already working on another property with them."
Funded: $890K DSCR · Long-Term Rental · Memphis, TN"I was nervous going into it because short-term rentals can get a little complicated, but the process ended up being way easier than I expected. Everyone was super responsive and kept things moving."
Funded: $540K DSCR · Short-Term Rental · Scottsdale, AZ"I've refinanced a few rentals before and this was probably the smoothest process I've had. Communication was solid, numbers matched what we discussed upfront, and we closed fast enough for me to move on the next deal without losing momentum."
Funded: $375K DSCR Cash-Out Refi · BRRRR · Indianapolis, IN