How it Works

We qualify the loan based on the property’s rental income against its expenses. If the property cash flows, you may qualify. Without traditional income documentation like W2s or tax returns.

Qualification Requirements

Loan Features

Up to 80–85% LTV
No personal income verification
Interest-only options available
30-year fixed and adjustable options
Loans available in LLCs
Long-term financing for rental properties

Borrower Requirements

Credit scores typically starting at 620
Property must meet DSCR requirements
Reserves required (varies by program)
Investor-focused (non-owner-occupied only)

Documentation

Purchase contract
Property address and details
Rent roll or lease agreement
Market rent analysis or appraisal report
Entity documents (if closing in an LLC)

*Loan programs are available for qualified borrowers and are subject to lender approval. Terms, rates, and program guidelines vary based on borrower profile, credit, property type, and overall transaction details. Not all applicants will qualify for all programs.

Who DSCR Loans Are Best For:

Real estate investors scaling rental portfolios

Self-employed borrowers with complex income

Investors who write off significant expenses

Borrowers looking to qualify without tax returns

Investors focused on cash-flowing properties

Why Key One Financial?

Access to Multiple Lenders

We work with a wide network of DSCR lenders to provide competitive options and flexible terms.

Built Around Real Deals

We structure loans based on property performance, not personal income.

Experience That Moves Deals Forward

We understand investor needs, allowing for quick scenario reviews and efficient closings.

Explore Your DSCR Loan Options Today

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Common Questions on Fix & Flip Loans

DSCR (Debt Service Coverage Ratio) measures a property’s income compared to its debt. A DSCR of 1.0 means the property breaks even.

Many programs require around 1.0 or higher, but some allow lower ratios or no ratio depending on the deal.

No. DSCR loans typically do not require personal income documentation

Yes. Many DSCR programs offer interest-only payment options.

Yes. DSCR loans are commonly used to refinance fix & flip or bridge loans into long-term financing.

Rehab funds are held by the lender and released in draws as work is completed. After each phase, an inspection is completed before funds are disbursed.

Many programs require an appraisal to determine ARV, but some lenders offer no-appraisal or alternative valuation options depending on the deal and borrower profile.

Yes. Bank statement loans can be used for primary residences, second homes, and investment properties. This makes them a strong option for both business owners and real estate investors.

An interest reserve is a portion of the loan set aside to cover monthly interest payments during the project, reducing out-of-pocket expenses while the property is being renovated.

ARV (After Repair Value) is typically determined through an appraisal, broker price opinion (BPO), or internal valuation based on comparable sales, scope of work, and market conditions.

In many programs, you only pay interest on funds that have been drawn (not the full rehab budget), often referred to as “non-Dutch interest.