Qualify on property cash flow, not personal income. No tax returns, no W-2s, no employment verification. 30-year fixed rates for buy-and-hold rental investors scaling their portfolios.
We received your information and a loan advisor will reach out shortly. If you need immediate assistance, call us at (201) 749-1691.
A DSCR (Debt Service Coverage Ratio) loan is an investment property loan that qualifies borrowers based on the rental income of the property, not personal income. If the property's rent covers the mortgage payment, you can qualify.
DSCR is calculated by dividing the property's gross rental income by the total monthly payment (principal, interest, taxes, insurance, and HOA). A DSCR of 1.00x means rent exactly covers the payment. Our minimum is 1.00x, while most lenders require 1.20x or higher.
Unlike conventional loans, DSCR financing does not require tax returns, W-2s, pay stubs, or employment verification. This is ideal for self-employed investors and business owners who write off heavily and show lower taxable income than their actual earnings.
Experienced rental investors, portfolio builders, and real estate professionals who want to scale without the documentation burden of conventional lending. Borrowers must have a minimum 680 credit score and at least one prior rental property owned.
Single-family residences (SFR), 2-4 unit properties, townhomes, warrantable condos, and small multifamily. Properties must be investment (non-owner-occupied) and located in an eligible state. Both purchase and refinance transactions are available.
How Ledger is different: We are a direct private lender, not a broker. Our capital comes from institutional sources, which means faster decisions, flexible structuring, and no middleman markup. We offer 30-year fully amortizing fixed rates with interest-only options up to 10 years, cash-out refinance with no seasoning requirement, and the ability to close in your LLC or corporate entity for asset protection. No yield maintenance penalty, stepdown prepayment structures only.
Eligible states: We lend in 40+ states and DC. Our top markets include North Carolina, South Carolina, Virginia, Ohio, Florida, and Texas, but we serve investors nationwide with consistent terms and a streamlined process regardless of location.
Most DSCR lenders require the property to be held in an LLC or business entity. If you currently own rentals in your personal name, here's why that matters and how to make the switch.
DSCR loans are investment loans, not consumer mortgages. Closing in an LLC separates the investment from your personal finances, which is how these loans are designed to work. It also means no personal income documentation is needed.
An LLC creates a legal barrier between your rental properties and your personal assets. If a tenant lawsuit or property claim arises, only the assets inside the LLC are exposed, not your home, savings, or other investments.
You can transfer existing properties into an LLC and then refinance with a DSCR loan. Many investors use a cash-out refinance to pull equity from properties they originally purchased in their own name.
Forming an LLC typically takes a few days and costs a few hundred dollars depending on your state. You'll need an EIN from the IRS (free, takes 10 minutes online). That's it.
If you're new to entity structuring, we'll guide you through the process. Our borrowers close in their LLC or corporate entity as standard practice, and we can help you understand what's needed before you apply. Get in touch and we'll point you in the right direction.
Use our free calculator to see your estimated rate, payment, and costs — no login required.
Or skip straight to a custom quote — get your rate
Get a custom rate quote for your rental property. No obligation, no credit pull.