How to Get a DSCR Loan | 6 Steps (No Tax Returns)
Cambridge Home Loan — Trusted Since 1998
● NMLS #1826020● Investor lending, step by step● (800) 826-5077
Guide · how to get a DSCR loan

How to get a DSCR loan.

Six steps from “does this deal work?” to keys in an LLC — qualifying on the property’s rent, with no tax returns, W-2s, or DTI.

6 clear stepsNo tax returnsClose in an LLC~21–30 days
Start step 3 – get quoted →Call (800) 826-5077
6
steps
No
income docs
620+
FICO
~21–30 days
to close

Start with a quote

Send the address and rent — we’ll run the DSCR and quote it, no hard credit pull.

DSCR LOAN APPLICATION  QUICK APPLY 

Or call (800) 826-5077 · Equal Housing Lender

The short answer

To get a DSCR loan: (1) check the property’s DSCR (rent ÷ payment), (2) confirm it’s an investment property and pick your entity, (3) get a quote, (4) lock your rate and send ID and reserves, (5) complete an appraisal with a market-rent schedule, and (6) close in your LLC — usually in about 21–30 days, with no tax returns or DTI.

Step 1
Check the DSCR
Step 3
Get quoted
Docs
ID + reserves
No
tax returns / DTI
Close in
~21–30 days
Entity
LLC welcome
Skip ahead to step 3.Send the address and rent for a same-day quote.
Call (800) 826-5077
How it works

The 6 steps to a DSCR loan

1

Check the DSCR

Use a DSCR calculator: divide the rent by the full payment (PITIA). Aim for 1.0 or higher (0.75 may work with reserves).

2

Pick the property & entity

Confirm it’s a non-owner-occupied rental and decide whether to close in your name or an LLC.

3

Get quoted

Send the address, price, and rent for a rate, LTV, and DSCR quote — no hard credit pull, usually same day.

4

Lock & document

Lock your rate and provide ID, reserves, and entity docs. No tax returns, W-2s, or DTI.

5

Appraisal & rent schedule

The lender orders an appraisal with a Form 1007 market-rent schedule to confirm the income.

6

Close in your LLC

Sign and fund in about 21–30 days — then refinance or buy the next one.

What you’ll need

DSCR loan checklist

  • Property address & rent (or market rent)
  • 620+ credit score
  • 20–25% down payment
  • 3–6 months of reserves
  • Government ID
  • LLC / entity docs (if applicable)
  • Homeowners insurance quote
  • No tax returns, W-2s, or DTI
FAQ

How to get a DSCR loan – FAQ

How hard is it to get a DSCR loan?+
Easier than a conventional investment loan for most investors, because there are no tax returns, W-2s, or DTI. If the property’s rent covers the payment (DSCR around 1.0+) and you have a 620+ score and the down payment and reserves, approval is straightforward.
What do I need to apply for a DSCR loan?+
The property address and rent (or a market-rent estimate), a 620+ credit score, 20–25% down, 3–6 months of reserves, your ID, and entity documents if closing in an LLC. No income documentation is required.
How long does a DSCR loan take to close?+
Usually about 21–30 days, since there’s no income to underwrite. A vacant property can still close using a Form 1007 market-rent appraisal.
Can a first-time investor get a DSCR loan?+
Yes. Some programs prefer prior ownership experience and may adjust terms for first-timers, but plenty of DSCR lenders work with new investors who have solid credit, reserves, and a property that cash-flows.
Explore

Related

DSCR Loans (national hub)DSCR Loan RequirementsDSCR Loan CalculatorDSCR vs. HELOCHard Money vs. DSCR

Start at step three.

Send a DSCR specialist the address and rent — we’ll run the ratio and quote it. No tax returns, no DTI.

Get quoted →Call (800) 826-5077

Cambridge Home Loan — DSCR financing for non-owner-occupied investment properties. Steps and requirements are general; actual terms depend on the property, credit, and lender. Cambridge Home Loan, NMLS #1826020. Terms, rates, points, and eligibility are illustrative and current as of June 2026, subject to credit approval, property eligibility, and underwriting, and are not a commitment to lend. This is not financial, tax, or legal advice. Equal Housing Lender.

Call (800) 826-5077