DSCR Loan Washington Benefits:

*Cash Out Up To 80% LTV
* Purchase Loans Up To 85% LTV
*Purchase, Refinance and Cash Out
* No Income or Employment
* Limited Documentation Required
*Fast Close!

#1 DSCR Lender Washington


brrrr method


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

Refinaance your home


Cash out re-fiinance your investment
property to build you portfolio today!
Low Rates, High Leverage!
Minimal Documentation
Fast Close

cash out refinance


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

The premier rental property investment loan DSCR Loan Washington option
for long term cash flowing properties, up to 85% 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 Washington

  • 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

What is Debt Service Coverage Ratio (DSCR)?

A measure of an entity’s or in this case an investment properties cash flow about its debt obligations is called the Debt Service Coverage Ratio, or DSCR. In corporate finance, the entity is frequently a company or corporation, whereas, in multifamily and commercial real estate, it is typically an income-producing property.

The Debt Service Coverage Ratio (DSCR) is the borrower’s capacity to service or repay the annual debt payment about the amount of Net Operating Income (NOI) generated by the asset. The higher the DSCR ratio, the more net operating income is available to repay the debt.

DSCR reveals 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 Lender Washington Offering
Debt Service Coverage Ratio Loans:

The DSCR loan in Washington 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.

A DSCR loan 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)?

To properly analyze an investment property the investor will want to look at their cash flow. In order to determine a properties cash flow you will need to analyze your debt obligation or what is better know as a your debt service coverage ration or DSCR. This will help you determine if you are making money and if your current cash flow can cover your current loan or service your current debt.

dscr loan program


* Purchase, Refinance, Cash Out Refinance * Up To 80% LTV
* 15-30 Day Close!

* No Income Required

fix and flip loan programs


* Fix to flip or Fix to Rent . * Up to 90% of the Purchase and 100% of the Rehab. Closing 5-7 days!

rental loan


* Cash out Refinance into a 30 or 40 year loan..
* Closing as fast as 30 days! * Up To 80% LTV

construction loan


* Ground Up Construction * Builders and Inverstors
* Up To 85% of Ground / 100% of Construction

What are the requirement to obtain a Debt Service Coverage Ratio (DSCR) Loan in Washington?

The only requirement for a DSCR loan is the assets ability to repay the debt on the loan. Typically a DSCR Loan lender will have a required ratio that needs to be met to qualify for the DSCR loan.  

A 1x means that the cash flow of the property needs to cover 100% of the property expenses including the mortgage. Some lenders require the DSCR to cover 1.2 or 1.25 times. The higher this ratio the better for both the lender and the property owner. If your DSCR ratio is 1.2, than your properties cash flow covers 20% more than the properties expenses.

How to calculate your properties DSCR in Maryland:


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.

What is a DSCR loan Washington program? 

The DSCR loan program is designed for Real Estate Investors and mortgage brokers who look to qualify for a mortgage loan based on just the cash flow generated by their investment property and without providing proof of income, employment income or tax returns. These loans are used for investment properties that are profitable and can be used instead of a conventional loan because they do not require income verification. 

Most investors deduct their expenses on their tax returns and may not be eligible for a conventional loan. DSCR loans are frequently used to refinance fix and flip or rehab loans due to the ease of qualifying for a 30 year loan and for cash out. 

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

Get Started

No charge and no obligation to apply.

No income or tax returns required

dscr loan MICHIGAN

What are the Benefits of A DSCR Loan Washington?

The following are the key advantages and the benefits of a DSCR (Debt Service Coverage) loan:

  • They have easier application and faster closing times: With a DSCR loan you don’t need to submit any personal financial information or explain any gaps that you may have in your job history, DSCR loans often have a streamlined application and fast closing times.
  • DSCR Loans does not  require or take into account Personal income: Because DSCR loans do not take into account any personal financial information, they are more accessible to borrowers who don’t have a considerable quantity of liquid assets. 
  • You can purchase or refinance many properties at the same times: Some mortgages require you to commit to only one property at a time. As a result, you can’t grow your investment portfolio quickly or get a loan for a second property unless you’ve paid off your previous one. DSCR investor loans allow you to obtain many loans for different properties at the same time.
  • High Cash-Out: The DSCR has many benefits, one of which is high cash out amounts. This means that you can cash out for repairs and improvements or to purchase additional real estate investment assets.
  • Ideal for both seasoned and new real estate investors: DSCR loans are ideal for both seasoned real estate investors and novices. If you’re new to investing, this loan can help you get started on the right foot. And as an experienced investor, a DSCR loan can provide the funds you need to take your business to the next level. A DSCR investor loan is a smart option for financing your real estate investments. 

What is NOI or Net Operating Income in DSCR Investor Loans?

A Net Operating Income, or NOI, is a figure that is used by lenders to determine whether a property will be able to generate enough income to cover the costs of a loan. In order for a property to qualify for a DSCR loan, the NOI must be greater than the amount of the loan payments. The NOI of an investment real estate asset is calculated by subtracting all operating expenses from the property’s total gross income. Expenses includes things like repairs, insurance, and taxes. By subtracting these costs from the income generated by the property, the NOI gives both the investor and lenders an accurate picture of the property’s earnings. 

How Can You Qualify for a DSCR Loan?

To qualify for a DSCR or Debt Service Coverage loan, the property’s rental income must meet or surpass the lender’s coverage ratio criteria. The coverage ratio, which varies based on the loan product and borrower, is calculated as monthly rental income divided by mortgage payment. It normally ranges from 1.0x to 1.5x. 

For instance, the maximum mortgage payment is allowed if the DSCR, debt service coverage ratio is 1.0x and the property generates $5,000 in monthly rent. The highest possible mortgage payment is $3,333 when the DSCR is 1.5x. Your ability to borrow a particular amount will depend on the mortgage rate and program terms. 

The application procedure is streamlined and could take less time than a standard investment property mortgage because eligibility for a DSCR mortgage is mostly mainly on the rental income generated by the property rather than your personal income.

A real estate investor who wants to buy or refinance an investment property but does not have enough personal income to be accepted or does not want to give their tax, financial, and job paperwork is a good candidate for the DSCR scheme.

How to Apply for a DSCR Loan?

You can apply for a DSCR loan by applying HERE!

Step By Step DSCR Loan Application Process
Open a new browser and Click Here!


Step 1: Apply

Click HERE 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.

What are The Current DSCR Program Requirements?

The requirements to qualify for the DSCR program are:

The Coverage Ratio

The coverage ratio is the most important qualification criteria for a DSCR mortgage and is calculated with rental income determined by a signed lease agreement or estimated rental income determined by a property appraisal report if there currently is no lease. Single-family home appraisals use the Form 1007 rent schedule, while two-to-four-unit residences utilize Form 1025. the appraiser will put together other rental comps for similar type rental properties in the neighborhood.

Depending on the lender, the debt service coverage ratio varies from 1.0x to 1.5x, meaning the actual or predicted monthly rental revenue must be equivalent to 1.0x to 1.5 of the mortgage payment. If you put at least 30% down, the coverage ratio may be reduced or even eliminated.

The Loan To Value (LTV) Ratio

All Loan or credit lines will require a Loan to Value (LTV) ratio of 80% for the DSCR loan program.  In other words a minimum of 20% down payment or 20% equity in the property will be required if looking to re-finance or a cash out refinance. There may be lower down payment options, but the interest rate will go up if you put less money down.

Prepayment Penalty

Debt Service Coverage Ratio (DSCR) loans could have a prepayment penalty, unlike typical mortgages for investment properties. We advise you to thoroughly read the terms of your loan to understand any fees or pre-payment penalties you could have to pay.


Most DSCR programs provide options for rate, duration, and cash-out refinancing in addition to purchase loans. With a DSCR mortgage, you might, in some circumstances, be able to withdraw more money from an investment property than you might with a conventional non-owner-occupied loan.

Loan Program

DSCR loan programs include interest-only and ARM mortgages, as well as fixed rate and adjustable-rate loans.

Eligible Properties

DSCR loans allow a variety of properties that are prohibited by regular investment property loans, including non-warrantable condos and properties with more than four units. An LLC may also own properties, which is not permitted by standard mortgage loan programs. In addition, most loans don’t place a cap on the total number of rental properties you can finance, which could help you grow your real estate portfolio faster..

What are the Borrower Qualifications for a DSCR Mortgage?

Credit Score Different credit lines require different minimum FICO scores.
Foreign investors can also qualify for DSCR loans without the need to establish credit Debt to income ratio is not considered when evaluating your application Employment is not checked.

Do DSCR loans require an appraisal?

DSCR loans, or loans that are not leveraged against any physical collateral, require an appraisal in order to be properly underwritten. The purpose of the appraisal is to establish a DSCR loan’s value in relation to other DSCR loans in the market. By appraising the loan, the lender can get a better understanding of the risks involved in lending to the borrower. Additionally, the appraisal ensures that the DSCR loan is being made at a fair price. DSCR loans that are not appraised may be subject to higher interest rates and fees.

What are the Program Costs and Fees From A DSCR Lender Washington?

DSCR loans have higher fees than traditional mortgages. These can include a higher origination fee, prepayment penalty and  points.. The total cost of the loan also tends to be higher because the maximum LTV ratio is usually 80%. Many of the expenses under a DSCR Loan are as follows:

Origination Fee

A percentage of the total loan amount, that is charged by the lender. This fee typically ranges from 0.5% to 5.0%. Some loan products or credit lines may charge lower origination fees or waive the fees during a promotion.

Appraisal Fee

An appraisal fee, which the appraiser charges, is required to assess the property’s value. This fee typically ranges from $300 to $1000.  The appraisals today are ordered by the lender but through a 3rd party so that there is no collusion with the actual appraiser conducting the appraisal.

Mortgage Rate

Mortgage rates for DSCR loan products are typically 1% to 2% higher than rates for typical investment properties. If there is no lease on the property and the estimated rental income is based on an appraisal report, the interest rate may be higher.

Closing Expenses

Lender origination fees, title costs, appraisal cost and escrow fees are part of the closing costs for DSCR loans.

Other Fees

Additional fees, such as title insurance and escrow fees, are also standard and vary based on the state where the property is located. These fees are typically paid at closing.

Finally, you’ll need to provide proof of income from your rental property in order to qualify for a DSCR loan. Get A Rate Quote HERE!  


Frequently Asked Questions

Are Washington DSCR Loans Expensive?

DSCR loans aren’t the cheapest option on the market. They 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 property that will be used as a temporary or permanent residence as long as you can show that it will generate a positive cash flow.

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.

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.

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.

Areas where we are lending our DSCR loans? NOW LENDING NATIONWIDE!


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Click To apply for a DSCR Loan Washington.