The property qualifies, not your paycheck. We compare the market rent to the full monthly payment and never ask for tax returns or pay stubs.
The rent qualifies the loan
Buy a 1 to 4 unit rental with no personal income documents. We divide the market rent by the full monthly payment; a ratio of 1.0 or higher is the standard target. Close in your own name or an LLC.
Pull equity out of a rental you already own
Refinance a rental to lower the payment or take cash for the next down payment. Same rule: the rent covers the new payment, and no tax returns are needed.
Airbnb and VRBO income counts
Qualify a vacation rental with 12 months of platform history or a short-term rent projection for the area. Furnished properties and seasonal markets welcome.
Several doors, one loan, one payment
Finance or refinance multiple rentals in a single closing. The portfolio's combined rent covers the combined payment, which simplifies bookkeeping and frees up equity across properties.
When the rent doesn't fully cover the payment yet
Some programs accept a ratio between 0.75 and 1.0, or no ratio at all, in exchange for a larger down payment and reserves. Useful in appreciating markets where rents lag prices.
Official guidelines: CFPB: Ability-to-repay rule and business-purpose loans (Reg Z §1026.43)
A DSCR (debt service coverage ratio) loan qualifies a rental property on its own rent instead of your personal income. Divide the monthly market rent by the full payment: principal, interest, taxes, insurance, and HOA. A ratio of 1.0 or higher means the property covers itself.
Most programs target a ratio of 1.0 or higher with 20% to 25% down and a 640 score. Ratios between 0.75 and 1.0, or no-ratio options, are available with 25% to 30% down and reserves. Short-term rentals can qualify with 12 months of platform history.
Yes. DSCR loans can vest in an LLC or another entity, keeping the mortgage off your personal credit profile. There is no limit on the number of financed properties, and no tax returns, pay stubs, or employment verification are required.
Send us your scenario: income, credit, and savings. We'll tell you in plain language which programs apply, in English or Spanish.
Figures shown are typical program guidelines and vary by lender, property, and your profile. This is not a commitment to lend. All loans are subject to credit and underwriting approval. Programs, rates, and requirements are subject to change without notice.
Equal Housing Lender. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation.
We serve you in English and Spanish. Licensed in DC, Maryland, Virginia, Florida, and Texas.