Question 1

What is a DSCR loan?

Accepted Answer

A DSCR loan qualifies on the property's rental income, not your personal tax returns or W-2s. If the rent covers the mortgage payment, you qualify.

Question 2

How is DSCR calculated?

Accepted Answer

DSCR = Gross Monthly Rent ÷ PITIA (Principal + Interest + Taxes + Insurance + HOA). A DSCR of 1.0 means rent exactly covers the payment. Most standard programs require 1.0+, but we offer programs down to 0.0 (Easy 50).

Question 3

What's the minimum DSCR I need?

Accepted Answer

Standard programs require 1.0+. We offer programs down to 0.0 with our Easy 50 (capped at 50% LTV). Lower DSCR usually means a larger down payment or slightly higher rate.

Question 4

Are DSCR loans only for investors?

Accepted Answer

Yes — DSCR loans are exclusively for non-owner-occupied investment properties. Quicker Home Loans is a business-purpose lender — we only finance investment properties. For primary residence financing, you would need a different lender that offers conventional, FHA, VA, or similar owner-occupied programs.

Question 5

What's your minimum credit score?

Accepted Answer

Standard DSCR programs start at 620. Our Easy 50 program has no minimum credit score (capped at 50% LTV). We work with bankruptcy discharges as recent as 1 day post-discharge.

Question 6

Will applying affect my credit score?

Accepted Answer

Our pre-qualification can be done with a soft credit pull or based on the credit profile you self-report. Soft and hard credit reports are available with your authorization. A hard credit pull may be required before closing any loan.

Question 7

Can I qualify with recent mortgage lates or bankruptcy?

Accepted Answer

Yes. We accept mortgage lates and bankruptcy discharges as recent as 1 day. Your specific scenario will be reviewed for fit with the right program.

Question 8

What property types do you finance?

Accepted Answer

Single family, 2-4 unit multifamily, 5+ unit multifamily, mixed use, commercial, condos (warrantable and non-warrantable), townhomes, manufactured homes, and short-term rentals (Airbnb, VRBO).

Question 9

Do you finance Airbnb and short-term rentals?

Accepted Answer

Yes. STR is one of our largest segments. We use either historical AirDNA performance or market rent projections — whichever supports your DSCR ratio.

Question 10

Can I close in an LLC?

Accepted Answer

Yes — most of our investors prefer LLC vesting. Trust and other entity structures are also welcome.

Question 11

Do you do foreign national loans?

Accepted Answer

Yes. No SSN required. We work with foreign nationals investing in U.S. real estate using ITIN or other documentation.

Question 12

Can I refinance my existing DSCR loan to a lower rate?

Accepted Answer

Yes — and refinances are the easiest scenarios for us. Send us your current loan numbers and we'll show you exactly how much you can save monthly by refinancing to today's rates.

Question 13

How does cash-out refinance work?

Accepted Answer

You can pull cash out by refinancing into a new loan that's larger than your current one. The difference (minus closing costs) goes to you. We allow up to 75-80% LTV on most properties.

Question 14

Is there a seasoning requirement for cash-out?

Accepted Answer

No. We allow cash-out using the full appraised value the day after purchase — no seasoning required. This is unique among DSCR lenders.

Question 15

Is there a limit on how much cash I can pull out?

Accepted Answer

No specific cash-out cap, subject to LTV limits. If your equity supports it and the loan size meets program requirements, we can fund it.

Question 16

How fast can you close?

Accepted Answer

Most DSCR loans close in 14-30 days from a complete application. Pre-qualification responses are issued same-day for clean files. Transactional funding can close same-day.

Question 17

How long does pre-qualification take?

Accepted Answer

Same-day for clean scenarios with complete information. We respond with a soft-credit-based scenario quote within 1 business hour.

Question 18

What documents do I need?

Accepted Answer

For DSCR: a property address (current or prospective), estimated rent, ID, and authorization for a credit pull (soft or hard, at your option). We do NOT require tax returns, W-2s, or pay stubs.

Question 19

Why don't you publish your rates online?

Accepted Answer

DSCR rates depend on credit, LTV, DSCR ratio, property type, occupancy, prepayment penalty term, points, and program. A single posted rate would be misleading. Instead, we send you a scenario-specific quote within 1 business hour.

Question 20

What if I have a competing offer from another lender?

Accepted Answer

Send it to us via our Beat My Rate page. We'll either beat their offer or tell you straight up that you've got a great deal — no games.

Question 21

Are there origination fees?

Accepted Answer

Origination fees vary by program and pricing election. Some programs include zero-origination options. We disclose all fees upfront on every quote.

Question 22

Are there prepayment penalties?

Accepted Answer

Most DSCR loans have a prepayment penalty period (typically 3-5 years). The exact PPP affects your rate — shorter PPP = slightly higher rate, longer PPP = lower rate. We have no-PPP options for many programs.

Question 23

Are you a direct lender or a broker?

Accepted Answer

We are a direct DSCR lender. We underwrite, fund, and (in many cases) service loans in-house. You're working with the team that funds the loan, not a middleman.

Question 24

What states do you lend in?

Accepted Answer

We actively originate DSCR loans in 45 states. The 5 states where we do not currently lend: Idaho, Nevada, North Dakota, Oregon, and South Dakota. For those 5 states we maintain informational reference pages, but cannot fund investment property loans at this time. Submit your scenario and we'll confirm state availability immediately.

Question 25

How do brokers work with you?

Accepted Answer

We have a white-glove broker partnership program. Submit a deal through our Brokers page or Deal Submission form — fast scenario response with broker-friendly comp.

DSCR loan questions, answered.

Common questions

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