Frequently Asked Questions
Business-purpose investment property financing only. Nothing here is an offer to lend.
What is the minimum DSCR required?
Most programs start at 1.00x. Stronger files (1.20x–1.25x+) generally see more program options. The exact requirement depends on credit, property type, and the specific lender.
Do I need prior rental experience?
Many programs accept 0–2 years. New investors can qualify on strong DSCR files with higher reserves. Some lenders have dedicated first-time investor overlays.
Can I use a DSCR loan to buy a house I will live in?
No. These are strictly business-purpose, non-owner-occupied loans. Every borrower signs a business-purpose and occupancy certification; misrepresenting occupancy can be treated as mortgage fraud.
What credit score do I need?
Credit is one factor; requirements vary by lender and program. Your score can affect maximum leverage and pricing, so we confirm each lender’s current guidelines against your scenario.
How much money do I need to close?
Down payment requirements vary by lender and program and depend on the ratio, credit and property. You also need 6–12 months of reserves in liquid accounts after closing.
Are rates fixed or adjustable?
Most DSCR programs today are 30-year fixed or 5/6 ARM with caps. Interest-only options exist on some programs for qualified investors.
Can I finance short-term rentals (Airbnb)?
Yes, on select programs. You will usually need either 12 months of actual performance data or a professional market study. Haircuts are higher than long-term rentals.
Does requesting a quote affect my credit?
Submitting the form on this site does not authorize a credit inquiry. Credit is reviewed later, only with your permission, typically once you choose a lender and submit a full application.
How long does it take to get a first read on my scenario?
Timing depends on the scenario. Complex scenarios or unusual property types take longer to review, and nothing is a quote until a lender issues written terms.
What states do you cover?
We work with lenders who are licensed in the majority of states. Availability depends on the specific lender’s licenses and your property location. Not every product is available everywhere.
Is there a prepayment penalty?
Most DSCR loans have 3–5 year prepayment penalties (declining). Some lenders offer shorter or no-prepay structures in exchange for different pricing. Always review the note.
Can I use an LLC or entity to hold title?
Yes. Most DSCR programs allow LLCs, corporations, and trusts. You will need to provide formation documents and the entity must be in good standing.
What if my property is a condo or townhome?
Warrantable condos are accepted on many programs. Non-warrantable or high-HOA projects may have reduced LTV or be declined. We review case-by-case.
Do you charge upfront fees?
GetDSCR does not charge borrowers for initial quotes or introductions. Lenders may charge their own processing, underwriting, or appraisal fees that are disclosed in the loan estimate.