Qualify on the Property's Income — Not Yours
No tax returns, no W-2s, no personal income documentation. DSCR loans are underwritten on the rental income the property generates — the way investment lending should work.
$250K – $5M
Loan Range
0.75x
Min. DSCR
660
Min. Credit Score
None Required
Income Docs
Overview
The Investor's Shortcut to Scale
Traditional lenders require two years of tax returns, proof of W-2 income, and debt-to-income calculations that punish real estate investors for their write-offs. DSCR loans flip the model entirely — qualification is based on the Debt Service Coverage Ratio of the property itself, not the borrower's personal income.
We offer DSCR loans for single-family rentals, 2–8 unit properties, and small multifamily assets. Our program features a reduced-ratio option (0.75–0.99x DSCR) for investors with strong reserves and credit scores who are growing a portfolio in competitive markets.
Who This Is For
Use the DSCR Calculator Below
Scroll down to model your Debt Service Coverage Ratio, monthly cash flow, and see how you'd qualify under our standard and reduced-ratio programs — before you ever talk to a lender.
Key Features
What Makes This Program Work
No Income Docs
No tax returns, pay stubs, or W-2s. Qualification is based entirely on the property's income relative to its debt obligations.
Reduced-Ratio Program
We offer a 0.75–0.99x DSCR program for strong-credit investors in high-cost markets where cap rates compress the ratio.
LLC & Entity Eligible
Close in an LLC, LP, or corporation. Great for investors who want liability protection and clean accounting.
Interest-Only Available
Reduce your monthly obligation with an interest-only period, improving cash flow and DSCR on tighter deals.
Foreign National Program
Non-US citizens and non-permanent residents can qualify with additional documentation and appropriate reserves.
Portfolio Scaling
No limit on number of financed properties. DSCR loans are the tool of choice for investors scaling to 10, 20, or 50+ units.
Interactive Tool
DSCR Calculator
Model your Debt Service Coverage Ratio and monthly cash flow. Instantly see whether your deal qualifies under our standard or reduced-ratio program.
DSCR Calculator
Debt Service Coverage Ratio Estimator
Loan Details
Edit to reverse-calculate down payment %
Interest-Only
Monthly Income & Expenses
Market rent/mo
Monthly
Hazard ins.
$0 if none
Your property generates strong income well above the debt obligation. Expect the best available rates and terms.
Monthly Cash Flow
+$6,702
Annual
+$80,430
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $42,379 | $156,192 | $2,957,621 |
| 2 | $44,653 | $153,917 | $2,912,968 |
| 3 | $47,050 | $151,520 | $2,865,918 |
| 4 | $49,576 | $148,995 | $2,816,342 |
| 5 | $52,237 | $146,334 | $2,764,105 |
| 6 | $55,041 | $143,530 | $2,709,065 |
| 7 | $57,995 | $140,575 | $2,651,069 |
| 8 | $61,108 | $137,462 | $2,589,961 |
| 9 | $64,388 | $134,182 | $2,525,573 |
| 10 | $67,844 | $130,726 | $2,457,729 |
| 11 | $71,486 | $127,084 | $2,386,243 |
| 12 | $75,323 | $123,247 | $2,310,919 |
| 13 | $79,366 | $119,204 | $2,231,553 |
| 14 | $83,627 | $114,944 | $2,147,927 |
| 15 | $88,115 | $110,455 | $2,059,811 |
| 16 | $92,845 | $105,725 | $1,966,966 |
| 17 | $97,829 | $100,742 | $1,869,137 |
| 18 | $103,080 | $95,491 | $1,766,057 |
| 19 | $108,613 | $89,958 | $1,657,445 |
| 20 | $114,443 | $84,128 | $1,543,002 |
| 21 | $120,586 | $77,985 | $1,422,416 |
| 22 | $127,059 | $71,512 | $1,295,357 |
| 23 | $133,879 | $64,692 | $1,161,479 |
| 24 | $141,065 | $57,506 | $1,020,414 |
| 25 | $148,637 | $49,934 | $871,777 |
| 26 | $156,615 | $41,955 | $715,162 |
| 27 | $165,022 | $33,549 | $550,140 |
| 28 | $173,880 | $24,691 | $376,260 |
| 29 | $183,213 | $15,357 | $193,047 |
| 30 | $193,047 | $5,523 | Paid off |
| Total | $3,000,000 | $2,957,112 | paid off |
For illustrative purposes only — not a loan commitment. Contact a Lumen Mortgage specialist for a formal analysis. NMLS #1498678.
Requirements
General Qualifications
Ready to See If You Qualify?
Every deal is unique. Give us a call or submit a quote request and we'll review your scenario, identify the right program, and walk you through your options — at no cost and with no obligation.
Licensed in Oregon & California · NMLS #1498678
FAQ
Common Questions
From the Blog
Further Reading
InvestmentDSCR Loans Explained: How Real Estate Investors Qualify Without Tax Returns
If you're a real estate investor with strong rental income but complex taxes, a DSCR loan might be your best financing option. Here's exactly how they work and who they're designed for.
MultifamilyValue-Add & Rehab Loans for Multifamily Apartments: The Complete Financing Guide for Investors
Buying a tired apartment building, forcing appreciation through strategic renovations, and refinancing at a higher value is one of the most proven wealth-building strategies in real estate — but the financing is more complex than a standard rental loan. Here's how value-add multifamily deals actually get funded.
InvestmentSpec Construction Loans in Oregon & California: Strategy, Qualification, and the Profit Calculus in 2026
Building on speculation is one of the highest-leverage plays in residential real estate — and one of the most misunderstood. Here is a ground-level look at how spec construction loans work, what lenders actually underwrite, and why the Oregon and California markets still reward disciplined builders.
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