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DSCR Rental Loans

Long-term financing based on property cash flow, not personal income. Qualify on the asset, not your tax returns.

Overview

Finance Based on Cash Flow

DSCR (Debt Service Coverage Ratio) loans provide strategic leverage sized by the property's rental income relative to the mortgage payment. Built for real estate investors, DSCR loans cut through the red tape of traditional lending — no W-2s, no pay stubs, no explaining your portfolio to an underwriter who doesn't understand it. Just the numbers that matter.

This is the staple product for investors building or holding a rental portfolio who are seeking stable, predictable, and long-term debt without the friction of traditional bank underwriting.

Loan Range

$100,000 to $3,000,000 per loan. Multi-loan structures available up to $10MM ($20MM case by case).

Term

30-year fixed with interest only options

Low DSCR Threshold

1.00 DSCR minimum. More deals qualify when you're not stuck at the 1.20 minimum that most other lenders require.

Property Types

SFR, 2-4 unit, townhomes, small multifamily (no condos or apartments)

Why Ledger

What Sets Us Apart

  • No personal income verification required
  • Competitive rates on 30-year fixed products
  • Close in entity name (LLC, LP, Corp)
  • Cash-out refinance available to unlock equity
  • No yield maintenance prepay penalties
  • Portfolio SFR loans: bundle multiple properties into a single loan instead of one loan per house

Ideal Borrower

You're an investor with one or more rental properties generating income. You want long-term, stable financing without sharing your personal tax returns or jumping through agency underwriting hoops.

Whether you're buying a new rental, refinancing an existing one, or doing a cash-out to fund your next acquisition, DSCR is the cleanest path.

Program Details

DSCR Rental Loan Parameters

Max LTV
Up to 80%
Term
30-Year Fixed
Interest Only
10-Year IO Option
DSCR loans are available up to 80% loan-to-value (LTV) on purchases and rate-and-term refinances. Cash-out refinances may have slightly lower maximum LTV depending on property type and DSCR ratio.
The minimum credit score for DSCR programs is 680. Since DSCR loans qualify based on property cash flow rather than personal income, credit score requirements are typically more flexible than conventional financing.
DSCR borrowers should have owned at least 1 rental property. First-time investors may qualify with additional compensating factors.
Yes. DSCR loans are available with a 30-year term and up to 10 years of interest-only payments. This structure maximizes cash flow during the interest-only period while providing the stability of a long-term fixed rate.
Portfolio SFR loans let you bundle multiple rental properties into a single loan instead of financing each house individually. This simplifies management, reduces closing costs, and can improve overall terms. Ideal for investors scaling a rental portfolio across multiple properties.
We go as low as 1.00 DSCR. Our DSCR is calculated using full PITIA (principal, interest, taxes, insurance, and association fees), so a 1.00 means the property's rental income covers all carrying costs at breakeven. Many lenders require 1.20 or higher, which eliminates otherwise solid deals. Rate adjustments apply at lower DSCR tiers.

Ready to Scale Your Portfolio?

Apply Now → Estimate Your Rate →

See current DSCR rental loan rates from 5.875%