A DSCR loan is investment-property financing that generally qualifies the deal using eligible rental income compared with property debt rather than traditional personal income documentation.

How do I qualify for a DSCR loan?

Qualification can consider the property’s DSCR, value, type, occupancy, rent support, reserves, credit context, borrowing entity, and current lender guidelines.

Can I use a DSCR loan to refinance a rental property?

Yes, qualifying rate-term and cash-out refinance scenarios may be available, subject to value, rent, seasoning, leverage, and program requirements.

Can I have more than one DSCR loan?

DSCR programs are commonly used by portfolio investors. The number of financed properties is still subject to the borrower, property, reserves, exposure, and current guidelines.

Renovated rental duplex under review for a DSCR loan

Nationwide DSCR lender

DSCR Loans for Rental Property Investors

A DSCR loan qualifies an investment property primarily through its eligible rental income—not traditional personal income verification. Mayday reviews purchase and refinance scenarios for 1–4 unit rentals and multifamily properties nationwide.

Run your deal numbers

30-year options · 1–4 units + multifamily

Property-led review

Qualification centers on rental income and property expenses.

Purchase or refinance

Finance a new rental or reposition an existing property.

No tax returns*

Commonly available for qualifying DSCR transactions.

Portfolio-minded

Structures designed for investors building long-term holdings.

Where it can fit

Built around the deal—not a generic checklist.

01Single-family and 2–4 unit rental properties

02Multifamily investment properties

03Purchase, rate-term refinance, and eligible cash-out scenarios

04Investors seeking long-term fixed or ARM options

Prepare your scenario

What helps us review faster

Property address and purchase contract or payoff

Requested loan amount and target closing date

Entity, experience, liquidity, and exit strategy

Current or projected rent, leases, taxes, insurance, and HOA details

The strategy

What is a DSCR loan and how does it work?

Debt service coverage ratio compares qualifying monthly rental income with the property’s monthly housing debt, commonly called PITIA: principal, interest, taxes, insurance, and association dues when applicable. For example, $2,500 in qualifying rent divided by $2,000 in PITIA produces a 1.25 DSCR.

DSCR loan requirements vary by program. Mayday may review occupancy, market rent, property type, value, reserves, credit context, prepayment terms, and the requested leverage. Rates are deal-specific and can change with market conditions, so a scenario review is more useful than a generic advertised rate.

Illustrative deal snapshot

How a DSCR calculation comes together

This simple example shows the core ratio investors can test before requesting terms.

$2,500

Monthly rent

$2,000

Monthly PITIA

1.25x

Illustrative DSCR

Hold

Strategy

Illustration only—not a quote or approval. Qualifying rent, expenses, valuation, and program calculations may differ.

Loan FAQ

Questions investors ask before applying.

Related financing

Keep exploring your options.

View all loan programs

Fix and flip loans Bridge and private money loans First-time investor financing

Program availability, leverage, rates, costs, and timelines vary. All financing is subject to eligibility, documentation, underwriting, valuation, and final approval. This page is informational and is not a commitment to lend.

Have a property in mind?