DSCR Loan Illinois with the Nations #1 DSCR Loan Lender.


No Income Investment Loan
85% Loan To Value
Just use rental income to qualify!
No DTI Programs available
Interest Only terms available
30 and 40 year amortization options


Cash out re-finance your investment
Cash out up to 80% LTV.
property to build you portfolio today!
Low Rates, High Leverage!
Minimal Documentation
Fast Close


Refinance and reap the benefits of passive income from your investment property. Rate and Term Refinance up to 85% LTV
No income or employment required!
Up to 40 year amortization
Interest Only Options!

The premier rental property investment loan option for long term cash flowing properties, up to 80% LTV

For investors who have an existing short-term loan looking for an opportunity to streamline a 30-year term Debt Service Coverage Ratio (DSCR) loan for non-owner-occupied rental investment properties.

Benefits of DSCR Loan Illinois

  • No evidence of personal income required
  • Maximize cash flow with 30 and 40 year interest only programs
  • Cash out to continue buying
  • Fast Close!
  • No verification of employment

DSCR Loan Illinois:
Debt Service Coverage Ratio:

The DSCR loan Illinois is designed for Real Estate Investors who are looking to qualify for a mortgage loan based on the cash flow generated by an investment property in Illinois.

A DSCR loan lender in Illinois does not require tax returns, proof of income or employment information to qualify

dscr loan calculation

What is meant by Debt Service Coverage Ratio (DSCR)?

Debt Service Coverage Ratio (DSCR) is the borrower’s ability to repay or service the debt payment or amount due monthly from the bank. The higher the Debt Service Coverage Ratio or DSCR, the more net operating income (aka NOI)is available to repay the debt and for profit..

DSCR lets you know if a real estate property is making enough money to cover the mortgage or not. When a real estate investor applies for a new loan or refinances an existing mortgage, lenders evaluate the debt service coverage ratio as one indicator to calculate the maximum loan amount.



dscr loan program


Cash Out Refinance Up To 80% LTV
15-30 Day Close
No Income or Employment Req

fix and flip loan programs


Up to 90% of the Purchase
100% of the Rehab.
Closing 5-7 days!
30 or 40year DSCR loan
5 Day Close!

rental loan


Cash Out Up to 80% LTV
30 or 40 year loan..
Closing as fast as 30 days!
5 Day Close!.

construction loan


Ground Up Construction
Up to 85% of Ground 100% of Construction 30-45 Day Close Contractors and Developers


How to calculate your properties DSCR in Illinois:


DSCR= NOI (Net operating income) -Expense
Mortgage Payment

Example: Income of $4000.00  Expenses $1,000.00, Mortgage Payment $2,000.00
Income – Expenses = $3,000.00 divided by $2,000 = $1.5%  DSCR ratio =1.5%
Anything over 1 means you are profitable. Under 1 means that there is not enough cash to cover your expenses.

Get pre-qualified for Investor Cash Flow Mortgage based on potential rental income

Get Started

No charge and no obligation to apply.
And No income or tax returns required

dscr loan MICHIGAN
 Step By Step DSCR Loan Illinois Application Process

Step 1: Apply

Click on the link above and fill out the application.

Step 2: Submit Proof of Your Properties Income

As your creditworthiness is verified by the income you will generate from the property you are buying; you need to provide proof that your property can cover the mortgage payments. So, provide the needed documents to showcase your property’s income against the loan amount.

Step 3: DSCR Calculation and 1007 Rent Schedule

Once you submit the loan application, your lender will calculate the DSCR ratio, which must be greater than 1, to have your mortgage approved. Moreover, during the appraisal the lender will require a 1007 Rent Schedule to know the property’s fair market rent and ensure the property can sustain the mortgage with market rents.

Step 4: Closing

DSCR loans do not need information about your financial history; the application and closing procedure is considerably faster than those for other types of mortgage loan programs.

Once you are approved for the loan, you will be provided with the interest rate, monthly payment, and the closing costs. Once agreed, you will go through the underwriting process, sign the final documents and close the loan.

cash out refinance

Fast Approvals

Streamlined Underwriting

Approval in 24 Hours

Close in as little as 3 days

DSCR Loan Illinois

Easy Process

No Appraisal Required

Tax Returns Not Needed

No Minimum Credit Req.

DSCR Loan Illinois

Reliable Partner

In House Capital

30+ Years of Experience

Direct Private Lender


Are DSCR Loans Expensive?

DSCR loans typically require a 20-25% down payment.

Is it hard to get a DSCR Loan?

Not at all! Approval for DSCR loans is easier because it depends on your property’s income rather than your financial situation.
DSCR loans are simpler to obtain, and the application procedure is more efficient and simplified. The criteria for DSCR loans are generally less stringent.

What type of property can I buy with a DSCR Loan?

The DSCR loan allows you to acquire a wide range of properties for various purposes, including short-term and long-term rental. You can buy a single family investment property, 1-4 Family or 5+ Multifamily.

How long is a DSCR loan?

DSCR loans are typically given for terms of anywhere from 5 to 25 years, with the most common being 15 or 20 years. The length of the loan will generally be determined by the lender based on factors such as the type of property being purchased and the projected cash flow of the business.

How can I improve my DSCR?

The easiest way to improve your DSCR is to invest more money, but you can also buy insurance, fight annual property taxes, and charge more rent. Allowing pets or including extra amenities like a washer and dryer are easy ways to increase your rent. Additionally, In order to improve your DSCR, you need to increase your net operating income or reduce your debt service payments.

How do I know if I’m eligible for a DSCR Loan?

To be eligible for a DSCR Loan, you must have strong credit and income. Most importantly, you’ll need to demonstrate that you can make your mortgage payments by providing proof of income from your rental property.

What is a no DSCR loan?

A no DSCR loan is a type of commercial loan that does not require the borrower to have a  DSCR of 1.0 or higher. This indicates that the borrower does not need to earn enough income to cover their monthly debt payments. No DSCR loans are typically used by businesses that are expanding or taking on new projects, as they may not have the income necessary to meet all their debt obligations.

What are the pros and cons of a DSCR loan?

• Easier to qualify than other investment property loans
• No personal income verification is required
• Flexible underwriting guidelines
• It can be used to finance properties with little or no rental history
• Higher interest rates and fees than conventional mortgages
• 20-25% down payment required
• Must provide proof of income from rental property to qualify
• Closing costs can be high for DSCR loans.

Overall, DSCR loans can make it easier to purchase investment properties and provide flexible financing options. Be sure to compare lenders and get the best rate available for your situation.

What does a DSCR ratio of 1.25% mean?

A DSCR of 1.25 means that there is sufficient cash flow to cover the loan payments and other debt obligations. Specifically, a DSCR of 1.25 indicates that for every $1.25 in annual loan payments, there is $1.00 of net income available to pay those debts after accounting for all operating expenses (including taxes and depreciation).

A DSCR of 1.25 is considered a good ratio by lenders, as it shows that the borrower has sufficient income to cover their loan payments. It also indicates that the borrower’s debt obligations are manageable. In general, lenders prefer to see a DSCR of at least 1.15 for conventional loans and 1.25 for investment properties.

Rental income: $150000, Expenses: $25000, Mortgage Payment: $100000
DSCR= $150K – $25K/ $100K
= $125K/$100K = 1.25

A higher DSCR is even better, as it shows the lender that the borrower has more than enough income to cover their loan payments.

Do you need good credit for a DSCR loan?

No, you do not need good credit for a DSCR loan. While your credit score is still important, it carries less weight when it comes to qualifying for a DSCR loan. This is because lenders will focus more on the rental income and expenses associated with the property in order to determine if the borrower can make their loan payments.

What is a DSCR for commercial loans?

The debt service coverage ratio (DSCR) for commercial loans is a measure of an entity’s ability to meet its debt obligations. It is calculated by dividing the net operating income (NOI) by the total loan payments per year. The higher the DSCR, the more cash flow there is available to make payments on the loan, and it is thus preferred by lenders.

What is the maximum DTI (Debt to income) for a DSCR loan?

The maximum debt-to-income (DTI) ratio for a DSCR loan is usually 45%. This means that the borrower must have income that is at least 45% lower than their total monthly debt payments.

In other words, if your total monthly debts are $2,000, then you’ll need to demonstrate at least $1,800 in monthly income to qualify for a DSCR loan.
While this is the general rule of thumb, lenders may have different requirements, so it’s best to check with your lender to see what their specific DTI requirements are. There are also other programs that require no DTI ratio.

How many DSCR loans can you have?

Generally, there is no limit on how many DSCR loans you can have. However, lenders will usually impose a maximum loan-to-value (LTV) ratio and/or total debt service coverage ratio (TDSCR) when determining the amount of money they are willing to lend out. It’s important for borrowers to work with lenders to ensure that their rental income and expenses align so that they can meet the loan terms.


Here are the best cities in Illinois to consider for a real estate investment property, using Redfin and Realtor.com for housing market data. 

Chicago Illinois

Chicago Illinois is the third-most populous city in the U.S., just behind New York and Los Angeles. The city is an international hub for business sectors, such as finance, education, technology, and health care. Chicago is about 8 miles wide and 22 miles long and home to nearly 80 neighborhoods within the city limits:

  • Population: 2,746,388
  • Population growth: 1.9%
  • Median sale price: $345,000
  • Change in sale price (year over year): 0.7%
  • Days on market: 59
  • Median rent (3-bedroom home): $2,600
  • Change in rent price: 18%
  • Renter-occupied households: 53%
  • Median household income: $62,097


Aurora Illinois

Aurora is located 40 miles west of Chicago and is the second-most populous city in the Chicagoland metro area. The city is home to unique architecture, including buildings by Frank Lloyd Wright, Ludwig Mies van der Rohe, and more than 50 Sears Catalog Homes built by kits sold by Sears, Roebuck, and Company:

  • Population: 180,542
  • Population growth: -8.7%
  • Median sale price: $270,000
  • Change in sale price (year over year): 22.7%
  • Days on market: 42
  • Median rent (3-bedroom home): $2,018
  • Change in rent price: 13%
  • Renter-occupied households: 31%
  • Median household income: $74,659

    Elgin Illinois

Elgin Illinois is 35 miles northwest of Chicago along the shore of the Fox River. The city is home to more than 5,000 businesses, including JPMorgan Chase and John B. Sanfilippo (Fisher Nuts). In addition, Elgin boasts an architecture and historic preservation district with Sears Catalog Homes built from kits and homes in the Queen Anne style:

    • Population: 114,797
    • Population growth: 6.1%
    • Median sale price: $260,900
    • Change in sale price (year over year): 6.5%
    • Days on market: 47
    • Median rent (3-bedroom home): $2,195
    • Change in rent price: 31%
    • Renter-occupied households: 38%
    • Median household income: $72,999
      DSCR Loan Illinois is a great way to get started with investing in real estate in Elgin Illinois.
DSCR Loan Illinois Purchase, Refinance and Cash Out Refinance -Up to 80% LTV on Purchase and Refinance.

DSCR loan for rental properties. CambridgeHomeLoan.com provides Fix and Flip loans Illinois up to 90% of purchase and 100% of Rehab. Once stabilized refinance with a rental property DSCR Loan in Illinois. Cash out refinance investment loan up to 80% LTV.


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