Investor Cash Flow (DSCR)
Investment financing qualified primarily on property cash flow (DSCR), not personal income.
20%+ down
Program Details
Minimum Down20%+
Credit ScoreTypically 660+
DTI RatioQualified by DSCR, not personal DTI
PMI/MIPNo PMI; pricing varies by leverage and DSCR.
Rate CapsProgram-specific; short-term rental allowed with select investors.
Loan LimitsUnderwritten to property income metrics rather than personal DTI.
Key Benefits
- Qualify on rent coverage
- LLC/vested options with some investors
Program Tags
investmentnon-qm
Who It's Best For
- Real estate investors
- Income property purchases
Advantages
- Qualify primarily on property income
- No personal income in many cases
Considerations
- •Higher down payments required
- •Prepayment penalties may apply
Eligibility Requirements
- Investment properties (1–4 unit)
- Minimum DSCR thresholds apply
- Short-term rental eligible with some investors
Additional Requirements
- Lease/rent schedule or market rents
- Higher reserves often required
- Prepayment penalties may apply
Pro Tips
- Higher down payment can materially improve pricing
- Consider interest-only options for cash flow
Also Known As
DSCR
Often no; qualification is based on property cash flow.
Yes with certain investors and markets.
Calculate Your Payment
Use our interactive calculators to estimate your monthly payment and see how much you could save.
Payment Example
Loan amount
$475,000
Est. P&I
$3,160/mo
Estimate only. Taxes, insurance, HOA, MI/MIP, and points/credits not included. Not a commitment to lend.
Scenario Snapshot
Down payment
$60,000
Loan amount
$540,000
Typical Documents
- Last 30 days of pay stubs or income docs
- Last 2 years W-2s or 1099s (as applicable)
- Most recent 2 months of bank statements
- Government-issued ID
- Lease/rent roll or market rent schedule
- Reserves as required by investor
Exact items vary by program and scenario.
Loan Limits (Estimate)
Use your ZIP to check your state and review baseline limits. County limits may be higher.
Enter a ZIP to detect your state. County-specific limits vary.
Conforming baseline (1‑unit)$766,550
FHA floor (1‑unit)$498,257
FHA ceiling (1‑unit)$1,149,825
Actual county/metro limits vary. See official resources at FHFA and HUD.
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