Loan Programs / DSCR Rental
DSCR Loans for Rental Property
Qualify on the property’s income, not yours — no tax returns, no W-2s, no personal income verification. Built for investors who hold rentals in an LLC.
Submit a DSCR Scenario →This is for you if…
Check all that apply.
Terms & cost
| Loan amount | $100K – $3M |
|---|---|
| Today’s rate range | 6.6% – 9.1% updated daily · 90-day avg SOFRas of Thu, Jun 18 |
| Max leverage | 80% of property value |
| Term | 30 years fixed — interest-only options available |
| Typical fees | 1–2 points, paid at close — nothing upfront, ever |
| Prepayment | 3–5 year step-down is typical — buy-downs available |
How is the rate set?
Pegged to the 90-day average SOFR benchmark (live via FRED & the New York Fed) plus a spread of 3–5.5% depending on DSCR, leverage, and credit. When the market moves, this table moves with it.
No lengthy forms, no wasted time — just the information we need to move forward.
What happens after you submit
A complete file moves fastest. For a DSCR scenario, we’ll request:
- Lease agreements or market rent appraisal
- Property appraisal
- Property insurance
- Entity docs (LLC)
- Schedule of real estate owned
DSCR loan questions
What does Smply Capital charge?
A broker fee, earned only when your loan closes — depending on the deal it’s paid by you, the lender, or both, and it’s disclosed in a written broker agreement before your file goes to any lender. Nothing upfront, ever: scenario review, consultation, and evaluation are free, and if your deal doesn’t close, you don’t pay us.
How is DSCR calculated?
Monthly rent divided by the monthly payment (principal, interest, taxes, insurance, and any HOA). $2,500 rent against a $2,000 payment is a 1.25 DSCR. At 1.0+ you qualify; 1.25+ unlocks better pricing.
The property is vacant — can I still qualify?
Yes. Lenders use a market rent appraisal (Form 1007) instead of an in-place lease. Purchases of vacant rentals close on DSCR loans every day — the appraiser’s rent figure carries the math.
Really no income documents?
Really. No tax returns, no W-2s, no pay stubs, no employment verification. Credit is checked and priced, the property’s income does the qualifying, and you’ll verify assets for the down payment and reserves.
Can I close in an LLC?
Yes — most DSCR borrowers do, and many lenders prefer it. The loan sits with the entity, keeping the financing off your personal profile. You’ll sign a personal guaranty in most cases.
Is a DSCR loan the right fit?
Still weighing it? The 30-second quiz sorts all 6 programs →
Ready to structure your next deal?
Reviewed by a human broker. Response within 1 business day.
Submit Scenario →