What property types are eligible?

Single-family, condo, townhome, and small multifamily rentals may be eligible, subject to program and state availability.

Can foreign nationals qualify for DSCR financing?

Qualified non-U.S. investors may be eligible for DSCR rental financing without U.S. income documentation, subject to program requirements.

Can I use DSCR financing for a cash-out refinance?

Yes, cash-out refinancing on a performing rental property may be available, subject to underwriting.

How long does the DSCR process typically take?

Timelines vary by property, documentation, and funding source, and are confirmed during underwriting.

Business-Purpose Rental Financing

DSCR Rental Financing

Qualify long-term rental financing using the property's cash flow rather than personal income documentation. DSCR loans are designed for landlords and portfolio investors purchasing, refinancing, or cashing out on non-owner-occupied rental property, subject to underwriting and program requirements.

Apply for Financing

Get My Financing Options

Who DSCR Rental Financing May Fit

DSCR financing is built for investors who already have, or are acquiring, a rental property that generates income. It may fit the following scenarios, subject to underwriting review:

Buy-and-Hold Landlord

Investor acquiring or refinancing a single-family or small multifamily rental to build long-term cash flow.

Growing Portfolio Investor

Experienced investor scaling a rental portfolio across multiple properties or states.

First-Time Rental Investor

New investor purchasing their first non-owner-occupied rental property.

Foreign-National Investor

Qualified non-U.S. investors seeking long-term rental financing without U.S. income documentation, subject to program and state availability.

DSCR Program Variations

Purchase

Financing to acquire a rental property, structured around the property's projected or in-place rental income.

Rate-and-Term Refinance

Refinancing an existing rental property to adjust loan terms, subject to underwriting and program requirements.

Cash-Out Refinance

Accessing equity from a performing rental property to fund additional acquisitions, renovations, or portfolio growth, subject to underwriting and program requirements.

DSCR Program Highlights

Qualifying may be based primarily on the property's rental income rather than personal income documentation.

Loan amounts and leverage vary by property type, location, and program, subject to underwriting.

Financing may be available for single-family, condo, and small multifamily rental properties, subject to program and state availability.

Terms and structures may vary by funding source and are subject to change without notice.

Eligible Property Types and Geographic Availability

Eligibility varies by program and funding source.

HML4Investors structures nationwide business-purpose financing, subject to program and state availability. Specific state coverage and property eligibility are confirmed during underwriting.

Single-family rentals
Condominiums
Townhomes
2-4 unit properties
Small multifamily (5+ units) where applicable

Typical DSCR Documentation

Property lease or rent-ready documentation
Current or projected rental income (rent roll or market rent analysis)
Purchase contract or existing loan payoff information (as applicable)
Entity or personal identification documents
Insurance information
Property appraisal or valuation

Exact documentation varies by property, transaction, and funding source, and is confirmed during the underwriting process.

How DSCR Underwriting Works

DSCR underwriting evaluates the property's income potential first, then confirms the transaction details. Here is the general path from inquiry to closing:

1. Share the Deal

Tell us about the rental property, income, and your financing goal.

2. Property Cash Flow Review

Rental income is compared against estimated debt service to evaluate program fit.

3.Documentation and Valuation

Submit supporting documents and complete appraisal or valuation as required.

4. Approval Toward Closing

Move through underwriting conditions toward closing, subject to program requirements.