DSCR Loan (for investment property purchase or refinance)

Investors can secure financing based on the ability of their property to generate income, not the investor’s financial history, which means NO TAX RETURNS REQUIRED.


What is a DSCR program?

This means that your loan is qualified based on the cash flow or market rents of the subject property.

How do you qualify?

Take your gross rents, using the lessor of market rents or lease agreement(s) and divide that number by the PITIA

Debt Service Coverage Ratio: No-Income Mortgage Loan

Qualify for a home loan without using your tax returns. As a real estate investor, you can avoid high rates and high points of private loans, lengthy approval processes, and strict lending criteria with a debt service coverage ratio loan, which is a type of no-income loan. Qualify for a loan based on your property’s cash flow, not your income.

Securing a debt service coverage ratio loan can help you expand your investment portfolio easier than ever before.

What Is a Debt Service Coverage Loan?

A DSCR loan is a type of non-QM loan for real estate investors. Lenders use a DSCR to help qualify real estate investors for a loan because it can easily determine the borrower’s ability to repay without verifying income.

How Does a DSCR Loan Work?

Because real estate investors write off expenses on their properties, some may not qualify for a conventional loan. The debt service coverage ratio loan allows these individuals to qualify more easily because they don’t require proof of income via tax returns or pay stubs that investors either don’t have or that don’t represent their true income due to write-offs and business deductions.


  • Loan amounts up to $3.5 million
  • Income and employment not required to be verified
  • Credit scores from 620
  • Up to 80% LTV
  • Interest Only options available
  • 30 yr. and 40 yr. terms available
  • Use investment property cash flow to qualify
  • First time investors allowed
  • Vacant properties allowed
  • 1-4 unit residential, condos and townhomes
  • Chapter 7 BK – 1 year seasoning
  • Close in LLC or corporation name

 Click Here To Get Started

Getting started is easy. We offer very competitive rates, have great service, and always close on time.


Lisa Carter – Broker / Owner - 941501
Legacy Home Loans LLC – 2002472

Equal Housing Lender

Contact Us

Legacy Home Loans
5900 Balcones Dr
Suite 100
Austin, TX 78731

(832) 525-3958