DSCR loans qualify on the property's rental income — no tax returns, no W-2s, no employment verification. If the rent covers the payment, the deal can work. I shop your loan across multiple wholesale DSCR lenders so the structure fits the deal, not the other way around.
Price My Deal → Run DSCR NumbersTake the property's monthly rent. Divide by the full monthly payment — principal, interest, taxes, insurance, association dues. That's the DSCR. At 1.0 the property carries itself; above it, the deal gets stronger and so does your pricing.
$2,500 rent against a $2,000 payment. Cash flows with cushion — best pricing tiers, smoothest approvals.
Rent covers the payment. Plenty of lenders are comfortable right here — especially in Michigan's steady cash-flow markets.
Rent falls short on paper — maybe it's under-rented or you're repositioning it. Still financeable with the right lender and structure.
Investors scaling a book. No ten-property ceiling, no re-documenting your life for every closing. Deal four should be easier than deal one — not harder.
Self-employed investors. Your tax returns are optimized to show less income. DSCR doesn't read them, so your write-offs stop costing you leverage. Buying a home to live in instead? My self-employed mortgage guide covers bank statement, 1099 and P&L options.
LLC and partnership buyers. Close in the entity, keep the liability separation your attorney wants. Conventional can't; DSCR can.
BRRRR investors. Buy with our Fix & Flip financing, renovate, rent it, then refinance into a 30-year DSCR loan and pull your capital back out for the next one.
Out-of-state landlords buying Michigan. Michigan's price-to-rent ratios are why investors keep landing here. I'm on the ground — and I invest here myself.
Short-term and mid-term rental operators. Some DSCR lenders qualify on STR income projections. Structure matters — that's a shopping problem, and shopping is my job.
DSCR pricing runs higher than owner-occupied conventional — that's the trade for skipping income docs, and pretending otherwise is how investors get burned by teaser quotes.
Expect a real down payment (higher than an owner-occupied loan, credit and ratio dependent), reserves in the bank, and — on most programs — a prepayment penalty in the early years, usually on a step-down schedule.
Every one of those levers is negotiable across lenders: penalty structure, interest-only options, ratio thresholds, STR treatment. One bank gives you one answer. I give you the menu.
DSCR isn't a standardized product like a Fannie Mae loan. Every non-QM lender writes its own rules — ratios, reserves, penalties, entity vesting, STR income.
That spread between lenders is where deals live or die. The same property that gets declined at one shop prices beautifully at another.
My job is knowing which lender wants your deal this month — and making them compete for it.
If you locked a good rate on a rental, refinancing it away just to get at the equity is usually the wrong move. A fixed-rate second mortgage leaves that first loan exactly where it is and puts cash in your hands behind it. The version built for landlords is qualified the same way a DSCR loan is: on the rent the property brings in, with no tax returns, W-2s or personal income on the application.
It has rules worth knowing up front. It's for experienced landlords, meaning you've owned and managed rentals for at least a year within the last three. It's cash-out only. You'll need to have owned the property for at least six months, the rent has to cover the property's payment, and it can carry a prepayment penalty.
Not a seasoned landlord yet? A fixed second qualified on bank statements, a CPA-prepared profit and loss, 1099s or full documentation can still work on a rental, including two-to-four-unit buildings. The home equity page walks through those options.
Call or text (810) 819-8686 with the address, what you owe on it and what it rents for, and we'll figure out which door fits.
Send me the address and the rent — actual or projected. I'll tell you if it finances, what it takes down, and which structure protects your exit. No tax returns, no obligation.
Price My Deal → Call / Text (810) 819-8686