Estimate only. This is not a loan offer, rate quote, commitment to lend or approval. The figures you enter are your own assumptions. Lender rules, credit, the appraisal, the rent the lender accepts and the property decide what you may qualify for. Programs vary by borrower, property and investor.
How this estimate works
DSCR stands for debt service coverage ratio. For a rental property loan, it is the monthly rent divided by the monthly housing payment: principal and interest, property taxes, homeowners insurance and any association dues (often written as PITIA). A ratio above 1 means the rent covers the payment; a ratio below 1 means it does not. Lenders usually support the rent with a current lease or an appraiser's market rent schedule, and short-term rental income with booking history or a rental-data report, depending on the program.
What moves the number
- The rent figure the lender accepts, which can differ from what you expect to charge
- The loan amount, which depends on the price and how much cash you put in
- Taxes and insurance, which are often higher on rentals and in coastal areas
- Association dues on condos and townhomes
- An interest-only period, which lowers the payment at first and raises it later
A licensed loan officer can review your situation. Programs vary by borrower, property and investor.
Start your application in a few minutes. A licensed loan officer reviews it and follows up with your options.
- Takes a few minutes
- Reviewed by a licensed loan officer
- No obligation to proceed
Prefer to talk first? Call (888) 865-8230. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
Learn more: DSCR Loans · All calculators