Rental Property, Living Room

DSCR (30 Year Fixed Rental Loan)

Use our Elite DSCR Loan Product to Purchase or Refinance your Rental Property on a 30 year Fixed at Competitive Rates without using tax returns or personal income to qualify.

  • Investment Properties Only
  • No Tax Returns Needed
  • 2-50 Property Portfolio Options
  • Vest in LLC or Personal Name
  • First Time Investors Welcome
  • We Pay Brokers
  • Lending Since 2006

Program Terms

Finance your rental portfolio with ease
LOAN AMOUNT
$100,000 to $1,500,000
MINIMUM CREDIT
660
MINIMUM DSCR COVERAGE
As Low as .75
RATES
Rates starting at 7.99%
POINTS
1-4% (Discount Points)
PAYMENT
Fully Amortized, I/O, No PPP Options
PURCHASE LOAN TO VALUE (LTV)
Up to 80%
CASH OUT REFINANCE LOAN TO VALUE (LTV)
Up to 75%
ELIGIBLE LOCATIONS
42 States
ELIGIBLE RENTAL INCOME TYPES
Airbnb, Long Term, Vacant
Need to Complete Rehab on the Property First? No Problem, check out our Fix and Flip Loan Options

Loan Details

Property Types-Urban and Suburban Properties
Closing Costs
Additional Requirements

Park Place Finance DSCR Loans are designed for various Rental Properties to meet your Investment Real Estate Needs.

  • Single Family Homes
  • Duplex, Triplex, Quadplex
  • Warrantable Condos
  • 2-50 Property Portfolios
  • Urban Properties within 42 States

Park Place Finance eliminates junk fees and has straight-forward pricing when it comes to fees associated with closing your loan.

  • Document Preparation Fee – $1,695.00
  • 3rd Party Attorney Review – $535.00
  • Appraisal: $500-700 typically

You’ll love the ease of closing with Park Place Finance, because of our common sense underwriting. No Tax Returns, No Income Verification, and Primarily Credit, Property Details and Debt Ratio to Qualify! To speed up the process, here are the main items you’ll need to gather:

  • Purchase Contract (If Purchase)
  • List of Real Estate Owned
  • Property Insurance
  • Drivers License (DL)
  • Last 2 Bank Statements
  • Subject Property Lease
  • LLC/Entity Docs (if in LLC)
  • Loan Payoff (if a Refinance)

Discover the Park Place Advantage

timer shape

Close Fast (TYPICALLY 14-21 Business Days)

dollar arrow

Competitive Rates (Rates from 7.25% APR)

location arrow

Nationally Trusted (Over 1 Billion Funded!)

Trusted by thousands of Real Estate Investors

We’ve closed over 4,000 loans and have funded over $1 Billion since 2006. We know how to help make sure your next project is profitable with our combined 50+ years of lending experience among our executive team. Call us today to help make your next investment property a success!

DSCR Loan Resources

See More Resources

Frequently Asked Questions

What does DSCR stand for?

Debt Service Coverage Ratio. This is simply = your total payment / your total rents. If this number is 1.0 or greater, than your rents are higher than your total payment. The higher that is, the better your rate generally is.

How do you calculate DSCR (Debt Service Coverage Ratio)?

The ratio is calculated by dividing the property income (rental income) from the property PITIA (principal + interest + taxes + property insurance+ homeowners association dues). The resulting ratio lets the lender know how much income is available to pay the mortgage. A ratio of 1.0x means that the property that the revenue from rental income AND expenses is equal. A DSCR above 1 means the property is positively cash-flowing. Conversely, a DSCR of less than one means that the expenses exceed the rental revenue and the property has a negative cash-flow.

What are the advantages of a DSCR Loan vs. Conventional Financing?

There’s many reasons clients prefer DSCR loans vs. Conventional financing. First, DSCR loans do not take into account your other debts beyond the PITI payment of your loan. So, if you are self employed and report very little income, using a DSCR loan may be the best option.

Secondly, a DSCR loan does not report to credit, and therefore may not affect your future ability to qualify for additional properties.

Another benefit is that a DSCR loan allows you to vest in an LLC , whereas FNMA does not allow that on traditional financing.

What are the top 3 factors for getting the best DSCR rates?

The top 3 factors that affect the DSCR rate include the actual Debt Service Coverage Ratio (DSCR), Loan-to-Value, and your FICO (credit score). The higher the DSCR is on a property, the lender is able to forecast a lower risk for lending the capital since the property may be positively cash-flowing and the investor is able to pay the monthly loan payments. Loan-to-Value, or LTV, refers to the loan amount as it relates to the actual value of the property. Typically, DSCR loans will never exceed 80% LTV. That means that the borrower needs to bring about 20% +closing costs as a down payment for the loan. The lower the LTV, the less risk for the lender, hence a better rate. Finally, your credit score is still a factor when determining the rate. Lenders use the score and it affects the final rate for your DSCR loan.

What is the typical rate difference between DSCR and Conventional Financing

Rates vary daily, but typically DSCR loans are .5% to 1.5% higher than a Conventional Loan. However, DSCR loans are much easier to qualify for given the fact they do not take into account your personal income.

What Customers Are Saying

Joseph Morley was extremely helpful and was able to get our deal closed within just 2 days. We would definitely recommend him for any home financing. It was a total pleasure to work with him.

The definition and emphasis of dedication, devotion, and diligence was redefined to a whole new level (unimaginably speaking); through out the entire loan process working with Park Place Finance. Look no further, if you need to close quickly, and demand superlative stellar customer service. My loan officer was able to help me close the loan within 11 days! Highly recommend you call them; if you prefer this route (hard-money, direct private lending).

Connor Donovan was very helpful with my loan from start to finish. I gave him everything he asked for right away and from there on out, he didn’t ask for much! I closed on time with no headaches and a lot less fees! Thanks Connor! Let’s do it again!

Great working with Park Place they made everything go smoothly for my transaction. Highly recommended!

See more reviews

Explore our other loan products

Rapid Rate Quote

Share some basic details about the financing you’re looking for by answering a few simple questions. We’ll take a look and reach out to discuss your loan options.