DSCR loan requirements are consistent across most lenders, though individual programs have overlays. The core requirements: minimum FICO 660 (680+ preferred), 20-25% down payment on purchase, 6 months of PITIA in reserves post-close (3 months for some programs), and an appraisal with a Form 1007 comparable rent schedule.
The property must be non-owner-occupied residential 1-4 unit, condo, townhome, 5-10 unit multifamily on select programs, or mixed-use where residential value dominates. Rural properties, unique properties (log cabins, dome homes), and properties under $75,000 have tighter overlays. Short-term rental income is documented via AirDNA Rentalizer report or 12-month platform statements.
Borrowers must close in a business entity — typically an LLC in the state of the property or state of formation. Personal guarantees are required. Foreign nationals are eligible on select programs with 30-35% down and reserves in a US bank. There is no cap on the number of financed properties, no tax returns, no W-2s, and no personal DTI calculation.
Get a full checklist by visiting our deal file page, or start your application with our rate quote form.