Best for
Investors buying rentals or refinancing existing doors.
- DSCR loans qualify on rent, not W-2 income
- 1–4 unit purchases and refinances
- Portfolio strategy across multiple doors
Conventional vs. DSCR
Conventional investor loans usually price better but count against the standard financed-property limit and require full income documentation. DSCR loans qualify on the property's rent-to-payment coverage ratio — slower to underwrite, far more scalable.
Down payment and reserves
Expect 15%–25% down depending on units and program, plus reserves for each financed property. Cash-out on investment properties is capped tighter than on primary residences.
Documentation that speeds it up
Signed leases, a rent roll, and a clean schedule of real estate owned. Having those ready at application shortens underwriting materially.