Rental
DSCR Rental
Long-term financing for single rentals and portfolios.
- Loans $75,000+
- Home value $100,000+
- 30-yr fixed, purchase or refi
Our specialty · Small-Balance DSCR
Rental loans from $50,000.
Many DSCR lenders start at $75,000. We lend from $50,000 up to $74,999 on homes worth $75,000 or more, so the rentals that produce the best rent for their price can get long-term financing too.
What you can use it for
- Purchase
- Rate/term refinance
- Cash-out refinance
- BRRRR refinance
How it works
DSCR stands for debt service coverage ratio. We qualify the loan on the rent the property brings in, not your W-2s or tax returns. If the monthly rent covers the monthly payment (principal, interest, taxes, insurance and HOA dues), the property carries itself.
Use the calculator on this page to check a deal before you apply.
What we need to see
- A rent-ready property. If the house needs more than light work, start with a fix & flip or bridge loan and refinance into DSCR once it is rented.
- A lease, or a market rent estimate from the appraisal
- Entity documents if you are closing in an LLC
- Proof of funds for down payment and closing costs
The process
Apply online. We review the file and send a conditional approval that shows your rate, loan amount, LTV and DSCR. Once you lock your rate and the appraisal comes back, we clear conditions and schedule closing with the title company.
Common questions
Where does Small-Balance DSCR stop and standard DSCR start?
Small-Balance DSCR runs from $50,000 to $74,999. At $75,000 and above you move to our standard DSCR Rental program, which also has a higher minimum property value. Many rentals in Alabama and similar markets are worth $75,000 to $125,000. Plenty of those homes rent well, but they fall below the minimum loan size most DSCR lenders set. We built this program for them.
Do I need to show personal income?
No. The loan is qualified on the property's rent. Credit, reserves and the property itself are still reviewed.
Can the property be vacant?
The property must be rent-ready. If it is vacant and needs work, a bridge or fix & flip loan first, then a DSCR refinance once it is leased, is usually the better path.
Can I close in my LLC?
Yes. These are business-purpose loans, and closing in an entity is common.
Small-balance DSCR
A $75,000 house deserves a real rental loan too.
Many DSCR lenders set their minimum loan above $75,000. In a lot of Alabama markets, that rules out the houses that produce the best rent for their price. We go down to $50,000.
$50Kminimum loan
$75Kminimum home value
- Qualify on the property's rent, not your tax returns
- Close in your LLC
- 30-year fixed, fully amortizing
- The home must be rent-ready. If it needs work, start with a fix & flip or bridge loan and refinance later.
Quick DSCR check
DSCR = monthly rent ÷ monthly payment (principal, interest, taxes, insurance and HOA dues).
LTV–
Payment (PITIA)–
DSCR–
Other programs
More ways to fund your deal
Short-term
Fix & Flip
Purchase and renovation funds in one loan, funded from our own capital.
- 80% of purchase price
- 100% of rehab
- Up to 70% of ARV
Alabama only
Tax Deed Rehab
We fund the renovation and the quiet title on Alabama tax deed properties.
- Rehab funds + title clearing
- Quiet title escrow at closing
- You must already hold the deed
Short-term
Bridge
Close quickly now, then stabilize or refinance into a DSCR loan.
- Interest-only payments
- Purchase or refinance
- Rental, BRRRR, short-term rental
“Simple Funding was able to fund my deal when no one else could! Highly recommend.”
“I was able to fund my tax deed rehab and clear the title – these guys are experts in their field.”
Current borrowers
Manage your loan
Make a payment, request a draw or get a payoff statement. No phone call needed.