DSCR LOANS
Up to 80% LTV, Rates from 6.0%, and closing in 21-25 days. Built on service, efficiency, and people.
- Rate: 7.25%
- 30 YR (FRM)
- Points: 0%
- 25 Days to Close
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DSCR Loan Program Details
DSCR Loan Program Long Term Rental
Perfect for first-time investors or experienced investors scaling their rental portfolio.
Up to 80% LTV for Purchases and Rate & Term Refinances
Up to 75% LTV for Cash Out Refinances
Interest Rates from 6.0% to 7.99%
Origination Fee from 0%
DSCR > 1.0
Loan Size: $55,000 to $2,000,000
Closing in as little as 21 days
Credit Score of 660+ Required
No Experience Required
See Our Complete Guide To DSCR Loans
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DSCR Loan Program Short Term Rental
Designed for investors pursuing higher rents with a short term rental strategy.
Up to 80% TV for Purchases and Rate & Term Refinances
Up to 75% LTV for Cash Out Refinances
Interest Rates from 6.25% to 7.99%
Origination Fee from 0%
DSCR > 1.0
Closing in as little as 21 days
Loan Size: $125,000 to $2,000,000
Credit Score of 700+ Required
Borrower Required to have 1 Personal Mortgage OR 1 Other Rental Property
See our Airbnb Loans Guide
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DSCR Loan Program 5-10 Unit Multifamily
For experienced investors only, looking to pursue larger multifamily rental property deals.
Up to 75% LTV for Purchases and Rate & Term Refinances
Up to 70% LTV for Cash Out Refinances
Interest Rates from 7.125% to 7.99%
Origination Fee from 1.0%
DSCR > 1.15
Closing in as little as 30 days
Loan Size: $350,000 - $2,500,000
Credit Score of 700+ Required
Borrower Required to have 1 Other 5 Unit Multifamily OR 2 Other 2-4 Unit Multifamily OR 3 other Single Family Rentals
Quick & simple
DSCR Loan Process
Our DSCR Loan origination process includes 5 steps with reliable funding in 21-25 days.
Apply Or Get Pre-Approved Online
~ 2 minutes
Fill out a 2 Min Quick App with info about your project. We need some preliminary information so that we can accurately evaluate your deal and provide a quote.
If you’re looking to be pre-approved so that you can find your next deal or you’d like to get more info from one of our team members, select an option below.
Receive Your Term Sheet
~ 2 hours
Once we have your completed application, we’ll email you the Term Sheet and give you a call to provide confirmation.
Submit Docs & Order Appraisal
~ 1–7 days
Once you’ve accepted the Loan Terms, we’ll collect your remaining documents and order an appraisal. We have a low document program with no income statement documentation. See our full dscr loan requirements document checklist.
Underwriting And Final Approval
~ 2–5 days
Once you've submitted your documents and we've received the completed appraisal, the loan will enter the underwriting process. Underwriting is simply an internal review of your borrower documents and title documents before the loan is cleared to close.
Closing
~ 2 days
Once the loan is cleared to close, the title company will schedule a time for closing. Loans typically close within 48 hours of final approval.
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DSCR Loan Requirements
This section provides a complete checklist of the Borrower Requirements, Property Requirements, and Documents needed for a DSCR Loan with Ridge Street.
Borrower Requirements
- Credit Score: 660+
- No Mortgage Lates in the last 24 Months
- Liquidity Requirements: Closing Costs + 6 Months PITIA
- First Time Investors Allowed
- Personal Borrower Or LLC
- US Citizen Or Permanent Resident
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Property Requirements
- Property Type: 1-4 Unit Residential or 5-10 Unit Residential
- DSCR > 1.0
- Property Must Be Rent Ready
- Vacant Properties Permitted For Both Purchases and Refinances
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Document Checklist
- Photo ID
- Bank Statement
- Entity Documents (Articles Of Formation, EIN, Operating Agreement) if closing in an LLC
- Appraisal (ordered by Ridge Street)
- Completed Loan Application
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Client Reviews
From real estate investors who closed Hard Money and DSCR Loans with Ridge Street Capital across 36 states.
Funded DSCR Loans
A Proven Track Record Funding Projects Like These
Airbnb
DSCR Loan
Single Family
DSCR 1.12
- Loan Amount: $580,000
- Rate: 7.275%
- LTC: 80%
- Term: 30 YR FRM
Long Term Rental
DSCR Loan
Single Family
DSCR1.32
- Loan Amount: $98,400
- Rate: 7.375%
- LTC: 80%
- Term: 30 YR FRM
Portfolio
DSCR Loan
6 Propreties
DSCR 1.0
- Loan Amount: $1,240,000
- Rate: 7.75%
- LTC: 75%
- Term: 30 YR FRM
756 Sqft
DSCR Loan
Single Family
DSCR 1.95
- Loan Amount: $70,000
- Rate: 7.95%
- LTC: 75%
- Term: 30 YR FRM
Multifamily
DSCR Loan
5 Units
DSCR 1.15
- Loan Amount: $1,550,000
- Rate: 7.375%
- LTV: 60%
- Term: 30 YR FRM
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Frequently Asked Questions
Why should we use Ridge Street for our DSCR Loan?
- Investor-Focused Expertise – We specialize in DSCR loans for real estate investors, not traditional homebuyers. That means our programs are designed with rental properties and Airbnb's in mind.
- Local Market Knowledge – We have experience financing invesmtent propreties in 35 states. We understand the dynamics of each market we operate in and structure loans that work for both long-term and short-term rental strategies.
- Speed & Certainty – In competitive markets, timing matters. Our streamlined process and fast closings help you win deals before the competition.
- Direct Relationship Lending – Unlike big banks, we provide personalized service and tailored loan terms so you’re not just another file in the system.
- Competitive Rates & Terms - Ridge Street aims to be in top 10% of the DSCR loan market for low rates and fees.
Can I close a DSCR Loan in an LLC?
Yes, as long as the LLC is registered in the state where the property is located, we can fund the deal in the name of your LLC.
Check out our Complete Guide To DSCR Loans.
For DSCR Cash Outs and Refinances, does the property have to be rented?
The short answer is no, the property does not have to be rented. We understand that investors who fix and refinance properties intend to refinance as soon as possible after renovating a property.
Can I use a DSCR Loan if I have to renovate the property?
To obtain a DSCR Loan, the property must be in rentable condition. Formally, this means the property must obtain an appraised condition rating of at least C4/C6 with no deffered maintenance.
What Closing Costs are involved with a DSCR Loan?
Here is a breakdown of the estimated closing costs on a $300,000 DSCR loan:
- Appraisal Fee → $500 – $700
- Title Search & Title Insurance → $1,000 – $1,500
- Recording Fees & Transfer Taxes → $400 – $800
- Title Agent Fees → $750 – $1,200
- Prepaid Reserves (2 Months of PITI) → $3,000 – $4,000
- Insurance → $2,000-$3,000
What are the Pros and Cons of DSCR Loans?
Pros Of DSCR Loans
- No Personal Income Verification
- No tax returns or W-2s required; approval is based on the property's DSCR.
- Can be used for single-family rentals, multifamily units, condos, and short-term rentals like Airbnb.
- Investors can qualify for multiple properties without debt-to-income (DTI) limitations.
- Cash out refinancing available with DSCR loans making them an ideal choice for investors using the BRRRR Investing Strategy.
Cons Of DSCR Loans
- Higher Interest Rates – Typically 0.5% higher than conventional mortgages.
- Requires 20-25% down, while conventional loans may allow as low as 15% for investment properties.
- Prepayment Penalties – Many DSCR loans include penalties if paid off early, especially within the first 3-5 years.
For more information check out our Complete Guide to DSCR Loan Pros and Cons.
Can I get a DSCR Loan under $100,000?
Yes, our mininium loan amount is $50,000 for DSCR Loans. Note that the minimum collateral value of a property that we can finance is $75,000.
What are the Differences between DSCR Loans and Conventional Loans?
The main difference between a conventional loan and DSCR Loans, is that a DSCR loan uses the rental income of a property to qualify the loan.
For a detailed overview of the differences and similarilities, read our article: Conventional V.S. DSCR Loans.
How to Calculate Debt Service Coverage Ratio (DSCR)?
DSCR = Rent / (Principal+Interest+Taxes+Insurance)
You can use our DSCR Calculator to calculate the DSCR of your property.
How to get a Pre-Approval Letter for a DSCR Loan?
To get a pre-approval letter, you can complete our pre-approval application and we'll get back to you in 1-2 business hours.
Apply For A DSCR Loan
Whether you have a property under contract, you're looking to be pre-approved so you can find your next deal, or you'd like to speak with an expert, Ridge Street is your DSCR Lender.
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