DSCR Loan Rates
Real wholesale DSCR pricing — for 1–4 unit investment properties. Qualify on rental income, not W-2s.
Enter your scenario below to see live pricing across the rate ladder. No credit pull. No SSN. Pricing updates whenever the lender publishes a new sheet.
Live DSCR rates
Everstream · 7/6 ARM · 30-day lock| Rate | P&I | PITIA | DSCR | Price | vs Par |
|---|---|---|---|---|---|
| No rates available for this scenario. Try a different tier or adjust inputs. | |||||
Price is lender price before broker compensation. Deal-specific pricing lives in the full calculator.
Full DSCR calculator →What is a DSCR loan?
DSCR stands for Debt Service Coverage Ratio. It's the simple math of whether a property pays for itself:
A DSCR of 1.25 means the rent covers PITIA with 25% to spare. Lenders price DSCR loans based on that ratio — the stronger the cash flow, the better the pricing.
DSCR Ratio Tiers
| DSCR | Meaning | Pricing impact |
|---|---|---|
| 1.30+ | Rent exceeds PITIA by 30%+ | Best pricing — often a rate credit |
| 1.15 – 1.29 | Comfortably covers PITIA | Standard pricing |
| 1.00 – 1.14 | Rent just covers PITIA | Small LLPA |
| Below 1.00 | Rent falls short of PITIA | Limited LTV, larger LLPA |
DSCR Requirements
- Investment property only (no primary residence, no second home)
- Minimum FICO: 660 for most LTV bands, 700+ for best pricing
- Maximum LTV: 80% on SFR, 75% on 2–4 unit
- Minimum loan amount: $100K · Maximum: $3M+ depending on tier
- Appraisal with rent schedule (1007) or signed lease required
- 12 months PITIA reserves (2–4 unit), 6 months (SFR)
- No personal income documentation — no tax returns, no W-2s, no pay stubs
- Entity vesting allowed (LLC, trust)
DSCR Product Variations
Most DSCR loans are 30-year fixed or ARM. Common variations:
- 30-year fixed — predictable payment for the life of the loan
- 7/6 ARM, 5/6 ARM, 10/6 ARM — lower intro rate, adjusts after fixed period
- Interest-only — IO period (typically 10 yr) improves cash flow at cost of amortization
- Prepay penalty options — 5/4/3/2/1 step-down reduces rate; 0-yr prepay costs ~0.5 pt
- Short-term rental OK — Airbnb/VRBO properties qualify (LLPA applies)
How DSCR Pricing Works
DSCR pricing starts with a base rate sheet, then adds LLPAs (loan-level price adjustments) for the specific scenario. Common LLPAs:
- FICO × CLTV grid — higher FICO and lower LTV get the best pricing
- DSCR ratio band — strong cash flow earns a credit; weak cash flow costs points
- Property type — SFR is par; 2–4 unit, condo, non-warrantable condo take hits
- Loan size — very small loans (< $200K) and very large loans (> $1.5M) cost more
- Prepay penalty term — longer prepay = lower rate; no prepay = higher rate
- State SRP — some states add a small adjustment
- Feature add-ons — IO, short-term rental, foreign national each have a cost
Learn more about how mortgage pricing works and how points and credits translate to real dollars at closing.
Ready to run the numbers?
The full DSCR calculator lets you model down payment, compare tiers, and see net cost to close.
Rates shown are wholesale lender pricing before broker compensation. Final rate and price depend on complete underwriting, property appraisal, and lender approval. Not all programs are available in all states.
NetRate Mortgage LLC — NMLS #1111861. Equal Housing Lender.