DSCR Loans for Real Estate Investors — Qualify on the Property, Not Your Income
Direct Non-QM lender. No tax returns, no personal DTI. DSCR as low as sub-1.0, up to 85% LTV, short-term rentals OK. Close in ~14 days.
Why investors choose Defy
We underwrite the property’s income — not your personal income.
Skip the W-2s, returns, and debt-to-income hurdles of traditional lenders.
Purchase with as little as 15% down on qualifying single-family rentals.
Short-term rentals and foreign national investors are welcome.
How it works
Tell us about the property and your goal — purchase or refinance.
We size the loan against the property’s cash flow and send you terms.
Clear, direct underwriting gets you to the closing table fast.
DSCR loans, in plain terms
A DSCR loan is a DSCR mortgage built for real estate investors — rental property loans that qualify on the property’s cash flow, not your paycheck. Because there are no tax returns and no DTI review, investors often look for it as a no income verification mortgage. Here’s how to qualify and what the requirements are.
Qualification runs on the property’s rent-to-payment ratio, your credit, and your down payment — not income documents. The core DSCR loan requirements start at a 0.75 DSCR, a 640 FICO, and a $75,000 minimum loan amount. Those are floors that carry premium pricing; stronger ratios and credit unlock better structures.
Yes. A short term rental loan can qualify on documented rental income — typically 12 months of platform statements — or on case-by-case income projections. A foreign national DSCR loan is available for overseas investors buying U.S. rental property. Defy lends in 38+ states.
Pricing depends on your DSCR, credit, LTV, and property type. See current DSCR loan rates, or submit your scenario for terms sized to your property.
DSCR loan FAQ
A DSCR loan is an investor mortgage that qualifies on the property’s rental income instead of your personal income. Lenders compare the rent to the loan payment (the debt-service coverage ratio) rather than reviewing your tax returns or employment.
No — DSCR loans require no tax returns, no W-2s, and no personal DTI calculation. Qualification is based on the property’s cash flow, your credit, and the down payment.
Defy works with a DSCR as low as 0.75 and FICO scores starting at 640, on loan amounts from $75,000. Stronger ratios and credit can unlock better structures.
Most DSCR loans close in about 14 days. Because Defy is a direct lender, you work with the team that underwrites the file — no handoffs slowing you down.