Business-purpose rental property financing
Direct lender · NMLS #3252
Rental property rate-and-term financing
DSCR Refinance Loans for Rental Properties
Review an existing rental property using current payoff, value, rent, expenses, second liens, ownership seasoning, credit range, and the requested new loan structure.
No hard pull to start. Non-owner-occupied investment property and business-purpose financing only.
A NonQM123 Deal Desk
Rental property rate-and-term financing
Current payoff
First-lien review
Second liens
Retain or pay off
Free and clear
Supported path
No hard pull
To start
Program overview
Property-focused qualification for real estate investors
DSCR qualification generally centers on the rental property’s income and debt obligations rather than a traditional personal-income calculation. Final eligibility and terms depend on credit, leverage, property type, rent support, reserves, appraisal, title, state, and current program availability.
- Rate-and-term refinance path
- First mortgage and second-lien payoff review
- Free-and-clear and ownership-seasoning logic
- Rent, taxes, insurance, and HOA review
What the Quote Desk reviews
Start with the numbers that shape the deal
- Current property value and first-mortgage payoff
- Second mortgage or HELOC balance
- Monthly rent and rent source
- Taxes, insurance, HOA, and relevant property expenses
- Ownership date and title changes
- Requested new loan amount and refinance goal
Common program fit
How investors use this DSCR path
These are common review scenarios, not approvals or commitments. A specialist must confirm the property, borrower, state, and current program.
Payment and terms
Replace existing rental-property financing
Evaluate current payoff, property value, rent, expenses, credit, and ownership seasoning.
Maturing debt
Review a balloon, bridge, or private-money payoff
Eligible rental properties may be reviewed when refinancing maturing or short-term financing.
Lien structure
Account for a HELOC or second mortgage
Tell us the second-lien balance and whether you plan to pay it off or keep it. Your review shows estimated loan-to-value (LTV) and combined loan-to-value (CLTV).
How it works
A focused DSCR quote process
Start with your property details. We’ll guide you through the information needed to review your financing options.
1
Choose the transaction path
Confirm the loan goal, rental-property use, property type, and location.
2
Enter the deal numbers
Provide value or purchase price, loan request, rent, expenses, payoff, credit range, and relevant structure details.
3
Receive specialist follow-up
A DSCR specialist reviews the submitted scenario and follows up by phone or email with available direction.
Useful information
Documents and details that may help
You do not need every document to begin the quote. These items can help the specialist move from an initial scenario to a more complete review.
- Current mortgage statement
- Second-lien statement when applicable
- Lease, rent roll, or market-rent support
- Insurance, taxes, and HOA information
- Entity and title documents when applicable
Before you proceed
Important eligibility considerations
- Recent title transfers may affect seasoning
- Retained subordinate financing can affect combined leverage
- Cash received at closing may change the transaction to cash-out
- Prepayment structure and reserves vary by program
This website provides general information only. It is not a commitment to lend, approval, rate lock, or legal, tax, or investment advice.
Frequently asked questions
DSCR Refinance Loans for Rental Properties FAQs
What is a DSCR rate-and-term refinance?
It replaces existing rental-property financing without a primary cash-out objective. The review focuses on payoff, value, rent, expenses, credit, and program fit.
What information is needed?
Useful initial information includes property value, first and second-lien payoffs, monthly rent, expenses, credit range, ownership seasoning, and requested loan amount.
Can a free-and-clear property be refinanced?
A free-and-clear rental property may be reviewed through the refinance path, subject to seasoning, purpose, leverage, and current program guidelines.
Can DSCR refinance private or bridge financing?
Eligible scenarios may be reviewed when refinancing private, bridge, hard-money, or maturing financing, subject to documentation and program rules.
What if there is a HELOC?
Enter the second-lien or HELOC balance and choose whether to pay it off or keep it. Retained balances are included in estimated combined loan-to-value (CLTV); final treatment requires specialist review.
Are personal-income documents required?
Many DSCR programs focus on property cash flow instead of personal income, but final documentation varies by program and borrower.
Explore more DSCR options
Related rental-property loan programs
Compare the full cost, not only the new payment
Put the existing note rate, remaining term, payment structure, and any prepayment charge next to the proposed refinance terms. A lower payment can reflect a longer term rather than a lower total borrowing cost. Review origination charges, third-party costs, escrow changes, and how long you expect to keep the loan.
Use a break-even estimate carefully
For a simplified comparison, divide costs you expect to recover through payment savings by estimated monthly savings. For example, $6,000 of comparable refinance costs divided by $200 of monthly savings equals 30 months. This is arithmetic only, not an offer or a complete cost analysis; it does not account for a changed term, amortization, taxes, or future payoff timing.
Payoffs and retained liens need separate treatment
A statement balance is not necessarily the amount required to pay a loan off on closing day. Identify each first mortgage, HELOC, or other lien, whether it will be paid off or retained, and any required subordination. A retained lien affects the complete financing structure even when it is not paid with the new loan.
Seasoning and occupancy still matter
Explain when you acquired the property, how you currently use it, and whether improvements or a prior financing transaction affect the review. Refinancing a free-and-clear property requires purpose and program review; it should not automatically be assumed to receive rate-and-term treatment.
Ready to review this rental-property scenario?
Start your DSCR quote review or call the investor desk at 844-DSCR-123.
Business-purpose financing
Investment Property Financing Only
DSCR financing is intended for non-owner-occupied investment properties and business purposes. Loan proceeds may not be used for personal, family, or household purposes. All loans are subject to underwriting, property review, credit, state restrictions, and program availability. This is not a commitment to lend.