Best DSCR Lenders in 2026: Top 10 No Income Verification Loans

DSCR loans have become the go-to financing option for real estate investors who can't or don't want to verify income through tax returns. Instead of looking at your W-2s or 1099s, these loans qualify you based on the rental income the property generates.

If you're self-employed, have complex tax returns, or own multiple properties, DSCR loans cut through the paperwork. Here are the 10 best DSCR lenders in 2026.

What is a DSCR Loan?

A DSCR (Debt Service Coverage Ratio) loan qualifies you based on property cash flow, not your personal income. The formula is simple:

DSCR = Monthly Rental Income ÷ Monthly Debt Obligations

A DSCR of 1.0 means the property breaks even. Most lenders want 1.0 to 1.25 or higher, though some will go as low as 0.75 with higher rates.

Top 10 DSCR Lenders for 2026

1. Visio Lending

Best for: First-time DSCR borrowers

Visio specializes in DSCR loans and has streamlined the process down to 10 days for some deals. They're investor-friendly and don't penalize you for multiple properties.

• Minimum DSCR: 0.75
• Max LTV: 80%
• Loan amounts: $75,000 - $5 million
• Property types: 1-4 units, condos, townhomes
• Rate range: 7.25% - 9.5% (as of Feb 2026)
• Prepayment penalty: 3-2-1 stepdown (can buy out)
• Special feature: Allow 0.75 DSCR with rate adjustment

2. Kiavi (formerly LendingHome)

Best for: Fix-and-hold investors

Kiavi offers both fix-and-flip and DSCR loans, making them ideal if you're rehabbing before renting.

• Minimum DSCR: 1.0
• Max LTV: 80%
• Loan amounts: $75,000 - $3 million
• Credit score: 660 minimum
• Rate range: 7.5% - 10.25%
• Prepayment penalty: Optional (lower rate if you accept it)
• Special feature: Can transition from bridge to DSCR loan

3. Lima One Capital

Best for: Experienced investors with multiple properties

Lima One handles portfolios well. If you're buying properties 3-10 at a time, they can package everything into one loan.

• Minimum DSCR: 1.0
• Max LTV: 80% (85% with reserves)
• Loan amounts: $75,000 - $5 million
• Portfolio options: Yes, up to 10 properties
• Rate range: 7.0% - 9.75%
• Closing time: 15-21 days
• Special feature: Portfolio DSCR loans available

4. Anchor Loans

Best for: California investors

Anchor is based in California and knows the market cold. They're faster than most on West Coast deals.

• Minimum DSCR: 1.0
• Max LTV: 80%
• Loan amounts: $100,000 - $7.5 million
• States: All 50, but strongest in CA, AZ, NV
• Rate range: 7.25% - 9.5%
• Special feature: No prepayment penalty options available

5. RCN Capital

Best for: New construction and ground-up projects

RCN does traditional DSCR but also funds new construction with a DSCR takeout option.

• Minimum DSCR: 1.0
• Max LTV: 80%
• Loan amounts: $100,000 - $5 million
• Credit score: 680 minimum
• Rate range: 7.5% - 10.0%
• Special feature: Construction-to-DSCR loan programs

6. Deephaven Mortgage

Best for: Lower credit scores

Deephaven will go down to 640 credit scores on DSCR loans, which most lenders won't touch.

• Minimum DSCR: 1.0
• Max LTV: 80%
• Credit score: 640 minimum
• Loan amounts: $100,000 - $3 million
• Rate range: 8.0% - 11.0%
• Special feature: Accept 640 FICO scores

7. CoreVest Finance

Best for: Small multifamily (5+ units)

CoreVest focuses on 5-30 unit properties, which most DSCR lenders skip.

• Minimum DSCR: 1.20
• Max LTV: 75%
• Loan amounts: $100,000 - $10 million
• Property types: 5-30 units
• Rate range: 6.75% - 9.0%
• Special feature: Small commercial multifamily expertise

8. Griffin Funding

Best for: High loan amounts

Griffin funds loans up to $10 million and can close fast on jumbo DSCR deals.

• Minimum DSCR: 1.0
• Max LTV: 80%
• Loan amounts: $150,000 - $10 million
• Credit score: 680 minimum
• Rate range: 7.0% - 9.25%
• Closing time: 10-15 days
• Special feature: Fast closes on large deals

9. Longhorn Investments

Best for: Texas investors

Texas-based and Texas-focused. They know the Houston, Dallas, Austin, and San Antonio markets inside out.

• Minimum DSCR: 1.0
• Max LTV: 80%
• Loan amounts: $75,000 - $2 million
• States: TX, OK, LA, AR (expanding)
• Rate range: 7.5% - 9.75%
• Special feature: Regional expertise and fast local closes

10. Asset Based Lending (ABL)

Best for: Foreign nationals and non-residents

ABL works with foreign investors who want to buy U.S. rental properties but can't qualify for traditional loans.

• Minimum DSCR: 1.15
• Max LTV: 75%
• Loan amounts: $100,000 - $5 million
• Foreign nationals: Yes
• Rate range: 8.0% - 11.5%
• Special feature: No U.S. credit required for foreign buyers

How to Choose a DSCR Lender

1. Compare DSCR Requirements

If your property's rental income is tight, find lenders who accept 0.75 to 1.0 DSCR. Visio and Kiavi are good options. If you have strong cash flow, you'll qualify for better rates with anyone.

2. Check LTV Limits

Most DSCR lenders cap at 80% LTV, meaning you need a 20% down payment. A few (like Lima One) will go to 85% if you have strong reserves.

3. Understand Prepayment Penalties

DSCR loans typically have prepayment penalties—often 3-2-1 stepdowns (3% in year one, 2% in year two, 1% in year three). Some lenders let you buy out the penalty upfront for a higher rate.

4. Look at Closing Speed

If you're buying at auction or in a competitive market, closing speed matters. Kiavi, Griffin, and Anchor can close in 10-15 days.

5. Consider Portfolio Options

Buying multiple properties? Lima One and CoreVest offer portfolio DSCR loans, letting you finance 5-10 properties under one loan with better pricing.

DSCR Loan Requirements (General)

• Credit score: 640-680+ (varies by lender)
• Down payment: 20-25%
• DSCR ratio: 0.75-1.25 minimum
• Property types: 1-4 units, some do 5-30 units
• No income verification: Tax returns not required
• Reserves: 6-12 months PITIA (principal, interest, taxes, insurance, HOA)
• Experience: Some lenders require 1+ prior investment property

Pros and Cons of DSCR Loans

Pros:

• No tax returns or W-2s needed
• Qualify based on rental income
• Close faster than traditional loans
• Can finance unlimited properties
• Great for self-employed investors

Cons:

• Higher rates than conventional loans (typically 1-3% higher)
• Prepayment penalties common
• 20-25% down payment required
• Not available for primary residences
• Higher closing costs

DSCR vs. Conventional Investment Loans

Tips for Getting Approved

1. Get a rental analysis: Use Rentometer or actual lease agreements to prove income.
2. Boost your DSCR: Even a small rent increase or paying down existing debt improves your ratio.
3. Shop multiple lenders: Rates vary by 1-2% between lenders for the same deal.
4. Have reserves: 12 months of reserves can unlock better rates or higher LTV.
5. Consider rate buydowns: Some lenders offer discount points to lower your rate if you're holding long-term.

Final Thoughts

DSCR loans are the easiest way to finance rental properties without proving personal income. They're not the cheapest option, but for investors scaling a portfolio or self-employed borrowers, they're often the only option.

Visio, Kiavi, and Lima One are the most consistent performers in 2026. Shop at least three lenders, compare rates and fees, and make sure the DSCR requirements fit your property's cash flow.

If the property generates enough rent to cover the mortgage, you're halfway there.

Need a DSCR loan or HELOC for your next investment? HonestCasa connects you with specialists who compete for your business. Pre-qualify in minutes — no credit impact.

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