DSCR loans qualified on rental cash flow—no tax returns, LLC vesting welcomed. Licensed in FL & CO; business-purpose loans in additional states. Same-day scenario review on complete applications. Final eligibility, pricing, and terms are subject to a complete application, credit and property review, and full underwriting.
Maximum LTV, minimum DSCR, and loan amounts shown are program maximums on eligible business-purpose DSCR loans. Actual terms depend on credit, property type, reserves, appraisal, and underwriting approval. No tax returns or personal income documentation are required on eligible DSCR programs; credit, reserves, and property documentation still apply.
Simply Approved Mortgages LLC is a mortgage broker, not a direct lender, and arranges residential mortgage loans in Florida and Colorado. Everywhere else in our service area, the same DSCR and business-purpose programs are available to LLCs, LPs, and corporations as business-purpose transactions where state law permits — so investors outside FL and CO can still close with us.
Not licensed for consumer mortgage lending outside Florida and Colorado. Availability varies by state and property type. See full state coverage.
DSCR loan: qualify with rent, not tax returns.
US investment property loans for non-US citizens.
Fund the build. Take out to a DSCR loan.
Short-term acquisition + rehab capital for investors.
DSCR loans that qualify with STR revenue, not long-term rent.
DSCR loans that count your HAP contract as verified income.
Buy now, refinance later when the property is stabilized.
Finance multiple investment properties with one loan.
Commercial multifamily financing underwritten to NOI and cap rate — not your tax returns.
Asset-based capital that closes in days — for deals a bank or DSCR lender can't touch.
Qualify based on your property's rental income—not your personal income. With a DSCR loan, lenders compare the property's gross monthly rent to its monthly housing expenses (PITIA) to determine eligibility.
If your property's rental income meets or exceeds the program's minimum DSCR requirement, you may qualify without providing traditional income documentation.
Business-purpose underwriting means no personal income verification, W-2s, tax returns, or pay stubs for eligible DSCR loans.
Purchase or refinance in the name of your LLC, LP, or S-Corporation with no additional rate premium on eligible programs.
Continue growing your portfolio with no set limit on the number of financed investment properties.
Licensed mortgage lending in Florida and Colorado. In the rest of our service area, the same DSCR programs are available to LLCs, LPs, and corporations as business-purpose loans where state law permits.
DSCR financing removes the personal-income bottleneck that stops most investors from scaling. You qualify on the deal, close in your entity, and stack properties without traditional debt-to-income limits.
Underwriting focuses on rent vs PITIA. Self-employed investors, 1099 earners, and portfolio landlords aren't penalized for tax-optimized returns.
Conventional loans cap you at ~10 financed properties and stack every mortgage into your DTI. DSCR treats each rental as its own cash-flowing business — no ceiling on financed doors.
Vest in an LLC, LP, or S-Corp at no rate premium. Keep rentals off your personal credit and separate liability from your personal balance sheet.
No tax returns, W-2s, or employment verification. Most files close in 15–21 business days with minimal back-and-forth on income docs.
Pull tax-free equity out of stabilized rentals to buy the next property, fund rehab, or season reserves — without touching your primary residence.
Long-term SFR, Section 8, mid-term corporate, and short-term Airbnb properties all qualify under program-specific DSCR guidelines.
Complete the short pre-qualification form and we send back a full DSCR analysis: HUD Fair Market Rent, AVM value, calculated DSCR, PITIA breakdown, and the max qualifying loan amount up to 80% LTV.
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
A repeatable 5-step playbook serious investors use to go from one rental to a self-sustaining portfolio — funded by the properties themselves.
Target a market with rent-to-price ratios that clear a 1.0+ DSCR. Close in an LLC with 20–25% down using a DSCR purchase loan.
Place a qualified tenant (long-term, Section 8, or STR), document 3–12 months of rent history, and let the property appreciate.
Once equity has grown, pull tax-free capital out with a DSCR cash-out refi up to 75–80% LTV. The rent still services the new payment.
Use the cash-out proceeds as the down payment on property #2. Same DSCR playbook — no personal income re-verification required.
Layer in Airbnb, Section 8, and multi-unit rentals across the states where we lend. Each new door adds cash flow without capping your borrowing power.
Pair a short-term bridge or fix-&-flip loan with a DSCR refinance exit to recycle the same capital into multiple properties per year.
Every income strategy has a different risk, yield, and management profile. DSCR programs underwrite all three — pick the one that fits your market and goals.
12-month leases to qualified tenants. The bedrock of most rental portfolios — predictable cash flow, low turnover, and the most straightforward DSCR underwriting.
The Public Housing Authority (PHA) pays a large portion of rent directly to you via HAP contract at the local HUD Fair Market Rent. Government-backed income with waitlist demand.
Nightly bookings priced dynamically by season and demand. Highest gross revenue potential but the most operationally intensive — permits, cleaning, and platform management all matter.
Not sure which strategy fits your market? A licensed loan officer can model long-term, Section 8, and Airbnb income on the same property so you can compare projected DSCR before you commit.
Complete the short pre-qualification form and share your scenario details. A licensed loan officer reviews the scenario, sizes the loan, and provides an initial scenario review — often the same business day. Formal pricing, LTV, and terms are issued after underwriting.
Simply send us:
Financing Options Available
Most DSCR files close inside three weeks from a complete application.
Entity vesting at no rate premium on eligible programs.
Sub-1.0 DSCR programs available with compensating factors.
Business-purpose underwriting—no W-2s, pay stubs, or 1040s required.
These are actual pricing responses returned for a sample business-purpose DSCR scenario on non-owner-occupied investment property — rate, APR, borrower points or lender credit, estimated principal and interest, and lock period from the same quote. Pricing changes intraday and is not a loan approval, commitment, or guarantee of financing.
Live pricing unavailable — no current pricing response.
The three cards above are featured examples from the current snapshot. Enter your own property, credit tier, leverage and rent to see every eligible option for your deal.
Rate & Pricing Disclosure: This quote is an indication for the scenario entered and the pricing available at the time shown. Rates and terms are subject to change without notice and may change or may not be available at commitment or closing. This is not a rate lock, loan approval, commitment to lend or offer of credit. APR reflects applicable borrower-paid finance charges and pricing credits for this quote and may be the APR returned with the quote or our own audited calculation where verified borrower-paid finance charges outside the quoted price apply. Additional lender and third-party costs may apply and may not be included in the APR. Payment shown is principal and interest only and excludes taxes, insurance, HOA dues and other applicable costs, so your actual payment will be higher. Simply Approved Mortgages LLC is a mortgage broker, not the funding lender. Business-purpose, non-owner-occupied investment property only. Equal Housing Opportunity.
APR reflects applicable borrower-paid finance charges and pricing credits for this quote. Depending on the option, the APR shown is either the APR returned with that quote or our own audited calculation, used where verified borrower-paid finance charges outside the quoted price apply. Other lender and third-party costs may apply and may not be included in the APR.
Estimated payment is principal and interest only and does not include property taxes, insurance, HOA dues, flood insurance, escrows or other applicable costs.
Complete the short pre-qualification form and share your scenario details. A licensed loan officer responds with an initial scenario review — often the same business day. Formal pricing and terms follow underwriting.
Get Your Personalized Rate QuoteComplete the short pre-qualification form and we send back a full DSCR analysis: HUD Fair Market Rent, AVM value, calculated DSCR, PITIA breakdown, and the max qualifying loan amount up to 80% LTV.
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
Get clear, investor-focused answers to the most common questions about DSCR loans, qualification, property types, LLC vesting, and our lending process.
A DSCR (Debt Service Coverage Ratio) loan is a business-purpose investment property loan that qualifies you based on the property's cash flow rather than your personal income. Lenders divide the property's gross monthly rent by its total monthly debt payment (PITIA: principal, interest, taxes, insurance, and HOA fees). If the resulting ratio meets the program minimum, the deal can qualify without traditional income documentation.
Real estate investors, LLCs, partnerships, and corporations who own or are purchasing non-owner-occupied rental properties typically qualify. Borrowers are qualified on the property's projected or actual rental income, not personal pay stubs or W-2s. Personal credit, liquid reserves, and property type also factor into approval.
No. DSCR loans are underwritten as business-purpose loans on investment properties, so personal tax returns, W-2s, and pay stubs are generally not required. The loan approval focuses on the property's ability to generate rental income and the borrower's overall credit and assets.
Minimum DSCR requirements vary by program and can start as low as 0.75 in some cases, though most programs prefer a DSCR of 1.0 or higher. A higher DSCR often means stronger loan terms and better pricing. We can review your specific scenario and recommend the right program.
Yes. LLC, LP, S-Corporation, C-Corporation, and Series LLC vesting are all standard on eligible programs at no additional rate premium. Closing in a business entity helps protect personal assets and is a common structure for real estate investors.
Eligible properties include 1–8 unit residential rentals, single-family homes, condominiums, townhomes, multi-unit buildings, and select portfolio properties. Short-term rentals and Airbnb properties may also qualify under specific investor programs. Commercial and owner-occupied properties are not eligible.
Loan amounts typically range from $100,000 up to $5,000,000, with higher amounts available on portfolio and jumbo DSCR programs. Maximum LTV varies by program and can go up to 80% on purchase and refinance transactions, with lower LTVs for cash-out refinances.
DSCR is calculated by dividing the property's gross monthly rent by the total monthly housing payment. The payment includes principal, interest, property taxes, homeowners insurance, and HOA dues (PITIA). For example, if a property rents for $2,000 per month and the PITIA is $1,600, the DSCR is 1.25.
Most DSCR loans close in 15–21 business days from a complete application. The biggest variable is typically the appraisal and property inspection timeline. Rush closings may be possible in select scenarios when all documentation is submitted quickly.
Simply Approved Mortgages is licensed in Florida and Colorado and offers DSCR and business-purpose investor loans as LLC business-purpose transactions in additional states where permitted by law. Contact us to confirm availability for your specific property state.
Yes. DSCR loans can be used for rate-and-term refinances and cash-out refinances on existing investment properties. Cash-out proceeds can be used to acquire new properties, fund renovations, or reinvest in your portfolio.
Yes. Foreign National investor loans are available to non-U.S. citizens and permanent residents who want to invest in U.S. rental real estate. These programs use the property's rental income for qualification and do not require U.S. tax returns or traditional U.S. credit reports.
DSCR loans are available as 30-year fixed, adjustable-rate (ARM), and interest-only options. Rates depend on credit profile, DSCR, LTV, property type, and loan program. Interest-only options can improve cash flow during the early years of ownership.
Yes. Airbnb and short-term rental properties may qualify under dedicated investor programs. Qualifying income may be based on short-term rental history, market rents, or projected income depending on the program and property experience.
Start by completing our online application or contacting our lending team. We will review the property address, purchase price or estimated value, monthly rental income, and borrowing entity. Once we have the basics, we can price the deal and deliver an initial scenario review (formal pricing after underwriting), often the same business day.
Submit your application with property address, purchase price, rental income, borrowing entity, credit authorization, and supporting documents. We'll review your scenario and deliver an initial scenario review — often the same day. Formal pricing and terms follow full underwriting.
Get Your Personalized Rate QuoteA DSCR file is judged on the property, not your tax returns: qualifying rent divided by PITIA — principal, interest, taxes, insurance, plus HOA and flood where they apply. Most programs use the lesser of the in-place lease rent and the appraiser's market rent, so a lease signed below market usually caps the ratio no matter how strong the comps look.
Three inputs move the outcome more than anything else: rent support on the appraiser's rent schedule (Form 1007 or 1025), the LTV tier, and the credit tier. Dropping leverage by five points or moving up a FICO band frequently changes pricing more than shopping a different lender does.
Before you write an offer, price taxes and insurance at post-sale levels rather than the seller's current bill. In reassess-on-transfer states and in coastal insurance markets, that single adjustment is the most common reason a deal that penciled at contract fails the ratio at underwriting.
Reviewed by Simply Approved Mortgages · NMLS #2620881. Business-purpose investor lending only.
Pick the loan type that fits your deal and complete a short, tailored pre-qualification. A licensed loan officer follows up with an initial scenario review once we have your credit authorization and supporting documents — usually the same business day. Formal pricing and terms follow underwriting.
The form below is tailored to DSCR rental loan — only the questions your program needs.
Every DSCR / business-purpose loan file needs a tri-merge credit report so we can verify identity, price your rate tier accurately, and confirm reserves and payment history for the underwriter. Cleaner credit typically unlocks a better rate and higher leverage.
Simply Approved Mortgages uses MeridianLink SmartPay to securely collect the credit report fee for your investor pre-approval. Payment goes directly to the credit vendor — not to us — and unlocks your tri-merge report (Equifax, Experian, TransUnion) so your loan officer can price your file.
You'll be redirected to cic.cra.xedalink.net (SmartPay).
Before you apply, it's smart to know exactly where your credit stands. MyITINCredit offers a $1 trial for 15 days that includes all three credit reports and scores (Equifax, Experian, TransUnion), plus ongoing credit monitoring so you can catch errors, dispute inaccuracies, and watch for identity theft.
You'll be redirected to myitincredit.com. Third-party service — terms apply.
Credit report fees are paid directly to the credit vendor. Simply Approved Mortgages does not profit from the credit pull. MyITINCredit is an independent third-party service; pricing, terms, and features are set by that provider.
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