The most comprehensive DSCR lender data available. Aggregated across 13+ non-QM lenders and 1,263 program configurations — real numbers, real programs, no rate quotes.
Our analysis of 1,263 DSCR loan program configurations across 13+ lenders reveals several insights that most borrowers — and many loan officers — don't know about the non-QM lending landscape.
376 programs accept DSCR below 1.0 — including 184 true no-ratio programs. You don't need 1.0+ DSCR to qualify.
15% down (85% LTV) is available at 720+ FICO for purchase and rate-term refinance. 80% LTV for cash-out.
The absolute credit floor is 600, though most programs require 640-700. 720+ unlocks the best LTV and pricing.
Only 6 states are partially restricted by 2 lenders (AK, ND, SD, NV, MN). 47+ states are fully served by all lenders.
Maximum loan-to-value ratios vary by transaction type. These are the ceilings across our 13+ lender network — actual LTV depends on FICO, property type, and DSCR.
| Loan Purpose | Max LTV | Programs at 80%+ LTV | Typical LTV Range | Max Loan Amount |
|---|---|---|---|---|
| Purchase | 85% | 70 of 453 programs | 60-85% | $3,500,000 |
| Rate-Term Refinance | 85% | 55 of 436 programs | 60-85% | $3,500,000 |
| Cash-Out Refinance | 80% | 6 of 374 programs | 55-80% | $3,500,000 |
Data source: DSCRFlow lender matrix (June 2026), 13 lenders, 1,263 program rows. LTV ceilings represent the maximum available; individual qualification depends on FICO, DSCR, property type, and lender-specific overlays.
One of the biggest misconceptions in DSCR lending is that borrowers need a 1.0+ DSCR to qualify. Our data shows that 376 programs — nearly 30% of all DSCR loan programs — accept sub-1.0 ratios or don't evaluate DSCR at all.
| DSCR Minimum | Number of Programs | % of Total | What It Means |
|---|---|---|---|
| No ratio (None) | 184 | 14.6% | DSCR not evaluated — qualification based on other factors |
| 0.75 | 292 | 23.1% | Property can have 25% negative cash flow |
| 0.80 | 8 | 0.6% | Property can have 20% negative cash flow |
| 1.00 | 711 | 56.3% | Break-even — rent covers debt service |
| 1.10-1.25 | 68 | 5.4% | Positive cash flow required (10-25% buffer) |
■ No-ratio (184) ■ 0.75 (292) ■ 0.80 (8) ■ 1.00 (711) ■ 1.10-1.25 (68)
DSCR lenders evaluate credit differently than conventional lenders. The floor is 600, but the majority of programs cluster at 680-720. Borrowers with 720+ FICO unlock the best LTV ceilings and pricing adjustments.
| FICO Minimum | Number of Programs | Max LTV Available | Down Payment Required |
|---|---|---|---|
| 600 | 9 | 60% | 40% down |
| 620 | 38 | 65-70% | 30-35% down |
| 640 | 93 | 70-75% | 25-30% down |
| 660 | 160 | 75% | 25% down |
| 680 | 218 | 75-80% | 20-25% down |
| 700 | 369 | 80% | 20% down |
| 720+ | 355 | 85% | 15% down |
FICO 720+ unlocks 85% LTV (15% down) on purchase and rate-term refinance. FICO 640 qualifies for 75% LTV (25% down). The absolute floor is 600 at 60% LTV (40% down).
Most loan officers work with 1-3 DSCR lenders and present whatever program that lender offers. We work with 13+ lenders and analyze your deal across all 1,263 program configurations to find the best fit.
Borrowers with liquid assets can supplement rental income through asset depletion to improve DSCR qualification. We know which of the 13+ lenders accept it and how to structure the deal.
184 programs don't evaluate DSCR at all. If your property's rent-to-price ratio is tight (common in CA, NY, and high-value markets), we route you to a no-ratio program instead of forcing a conventional DSCR fit.
Each lender applies different Loan Level Price Adjustments based on FICO, DSCR, LTV, property type, and purpose. We evaluate the full LLPA grid across all lenders to find the lowest cost program for your specific profile.
DSCR loans qualify on standard market rent (Form 1007 appraisal) — not on niche operating income. But we specialize in structuring loans for investors in specialized housing niches where the operating income creates strong margins even when standard market rent is the qualification basis.
State DOC contract income creates strong operating margins. DSCR qualifies on market rent. Transitional Housing Loans →
Per-bed revenue models for recovery housing. DSCR qualifies on market rent. Sober Living Loans →
Room-by-room rental models for co-living properties. DSCR qualifies on market rent. Co-Living Loans →
Community-based residential properties for individuals with developmental disabilities. IDD Group Home Loans →
Properties serving displaced homeowners through insurance ALE programs. Insurance Displacement Loans →
Mid-term rental properties for traveling medical professionals. Travel Nurse Housing Loans →
Our 7-step qualifier analyzes your deal across 1,263 program configurations from 13+ lenders — in 60 seconds.
Check My Eligibility →