Skip the income docs. Qualify on what the property earns — not what you report on a tax return.
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No Income Docs
No W-2s, no tax returns, no pay stubs, no employment verification. Qualify entirely on the property's rental income and your credit profile.
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Business Entity Friendly
Close in your business entity — LLC, corporation, or trust. Protect your personal assets while building your portfolio. No personal title required.
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Less Paperwork
No income verification means fewer documents to gather and review. Timing depends mostly on the appraisal and title work.
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Rent vs. Payment
Qualification compares the property's rent with its full payment. Ask which minimum ratio applies to your property; it is set by the program reviewed for your file.
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Short-Term Rentals OK
Airbnb and VRBO income qualifies. Finance your short-term rental strategy with income from platforms, not personal tax returns.
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Built for Portfolios
Each loan is reviewed on its property's rent, not your personal income. Ask how many financed properties the program for your file allows.
Eligibility
Who Qualifies for a DSCR Loan?
DSCR loans focus on the property's income — not yours. If the rent covers the payment, you're most of the way there.
Borrower & DSCR Requirements
Credit Score
Minimum score set by the program reviewed for your file
A higher score generally improves pricing and leverage
DSCR Ratio
1.0 = rental income covers the full PITIA payment
Minimum ratio set by the program reviewed for your file
A higher ratio generally widens your options
Reserves
Months of PITIA left in liquid assets, set by the program reviewed for your file
Personal or business bank accounts, stocks, bonds
Equity in other properties may count as reserves
No Personal Income Required
DSCR loans do not verify personal income, employment, or DTI. Qualification is based entirely on the property's rental income (DSCR ratio) and your credit profile. This is ideal for self-employed investors and those with complex tax situations.
Property & Loan Details
Property Types
Single-family investment homes
2–4 unit properties
Condos (warrantable and non-warrantable)
Mixed use properties
Short-term rentals (Airbnb / VRBO)
Loan Amounts
Up to $3,000,000
Larger loans may need more reserves and a stronger ratio
Down Payment / LTV
Purchase down payment set by the program reviewed for your file
Rate & term and cash-out limits set by the same program
Ask for the written terms before you make an offer
Loan Terms
Fixed-rate and adjustable-rate options, by program
Interest-only options, by program
Term and structure set by the program reviewed for your file
DSCR Refinance
Pull Equity from Your Rental Portfolio
Refinance your existing investment properties into a DSCR loan — no income docs, no tax returns. Cash-out to acquire more properties, fund renovations, or consolidate debt. Perfect for the BRRRR strategy.
Cash-out and rate & term limits set by the program reviewed for your file
No income verification or tax returns
Refinance from hard money into long-term DSCR hold
Close in your business entity — no personal title required
Buy a distressed property, rehab it, lease it, then refinance into a DSCR loan based on the new rental income and after-repair value:
After-Repair Value: $400,000 Loan at an assumed 75% of value: $300,000 Acquisition-and-rehab loan paid off: $240,000 Cash to you: up to $60,000 before closing costs
The 75% is an assumption for the arithmetic, not a limit or an offer. Your limit is set by the program reviewed for your file.
Already hold properties in your personal name? A DSCR refi can move them into your business entity at the same time — protecting your personal assets while optimizing your portfolio.
DSCR Purchase
Grow Your Rental Portfolio
Acquire your next investment property using only the expected rental income to qualify. No personal income docs means less paperwork on each deal.
Qualify on expected rental income, not personal
Down payment set by the program reviewed for your file
DSCR compares the property's rent with its full monthly payment (principal, interest, taxes, insurance and any association dues):
Rent: 1.20 times the full monthly payment DSCR Ratio: 1.20 (rent covers the payment)
Example arithmetic only: not a quote, an approval or a commitment to lend. Try your own numbers in the calculator below.
Explore all investor loan options including Fix & Flip, Bank Statement, and Bridge loans in our Investor Hub →
DSCR Loan Costs
Understanding DSCR Loan Costs
DSCR loans have no government fees. The down payment, loan-to-value limit, rate, points and closing costs are set by the program reviewed for your file, the property and the DSCR ratio, so this page does not quote them. Ask for written terms and compare them before you decide.
No Government Fees & No PMI
DSCR loans are non-QM (non-qualified mortgage) products — they don't carry any government insurance premiums, funding fees, or PMI requirements.
✓ No PMI at any LTV
✓ No upfront government fees
Note: Rates vary by credit score, DSCR ratio, LTV, loan amount, and property type, and change daily — request current written terms for an exact quote. Your written terms list the fees and the cash to close.
Loan Comparison
DSCR vs. Conventional Investment
See how DSCR loans compare to conventional investment property loans for building your rental portfolio.
DSCR Loan
Conventional Investment
Income Docs
None — rental income only
Full docs (W-2s, tax returns, pay stubs)
Personal DTI
Not calculated
Max 43–50%
Max Properties
Set by the program for your file
Up to 10 financed properties
LLC / Entity Title
✓ Yes
✗ Personal only
Interest-Only
✓ Available
✗ Not available
Short-Term Rental
✓ Airbnb/VRBO
Limited / case-by-case
Rates, terms, and requirements vary by lender, property type, and borrower qualifications. Subject to credit approval.
DSCR Calculator
Calculate Your DSCR & Payment
Toggle between Refinance and Purchase. Enter the property's rental income to see your DSCR ratio and estimated monthly payment.
Estimates only. The rate is the one you enter from your written quote; this is not a quote or an offer — your actual rate depends on credit, DSCR ratio, LTV, loan amount and property type, and changes daily. Subject to credit approval. This is not a commitment to lend.
The Process
Your DSCR Loan Journey
Here's the process, step by step. We do not promise a closing date on a web page.
1
Application & Pre-Qualification
Complete a quick application. We pull credit (soft pull for pre-qual — no score impact) and review your investment property details, expected or current rental income, and reserves. No tax returns or W-2s needed.
2
Appraisal & Rent Verification
We order the appraisal and a 1007 rent schedule to establish the property's market rent. For existing rentals, current lease agreements document the income. For short-term rentals, we review platform income history.
3
Underwriting
There is no personal income to verify, so underwriting focuses on the property. We confirm the DSCR ratio meets the program's guidelines, verify reserves and clear any conditions.
4
Closing & Funding
Sign closing documents (in your business entity or personal name), receive your cash-out proceeds on a refinance, or get the keys to your new investment property.
Frequently Asked Questions
DSCR Loan FAQs
Answers to the most common questions about DSCR loans, qualification, DSCR ratios, and building your rental portfolio.
No. Texana Bank Mortgage uses a soft credit inquiry for pre-qualification, which has absolutely no impact on your credit score. You can check your rate, explore loan options, and get pre-approved without any effect on your credit. A hard inquiry only occurs later if you formally move forward with a full application.
A DSCR (Debt Service Coverage Ratio) loan is an investment property mortgage that qualifies borrowers based on the property's rental income rather than personal income. Instead of requiring W-2s, tax returns, or employment verification, the lender evaluates whether the property's rental income can cover the mortgage payment. This makes DSCR loans ideal for real estate investors, self-employed borrowers, and anyone who wants to keep personal finances separate from investments.
DSCR is calculated by dividing the property's gross monthly rental income by the total monthly mortgage payment (PITIA — principal, interest, taxes, insurance, and association dues). For example, if the monthly rent is 1.25 times the total PITIA, the DSCR is 1.25. A DSCR of 1.0 means rental income exactly covers the mortgage payment.
Many DSCR programs look for a ratio of at least 1.0, meaning the rent covers the full mortgage payment. The minimum that applies to you is set by the program reviewed for your file and your property, and a higher ratio generally widens your options. Ask for it in writing.
The minimum credit score is set by the program reviewed for your file, and a higher score generally improves pricing, leverage and the ratio a program will accept. This page does not quote a minimum; ask for the written terms that apply to you.
The down payment on a DSCR purchase, and how much of the value a refinance can borrow, are set by the program reviewed for your file, the property type and the DSCR ratio. This page does not quote a minimum down payment or a loan-to-value limit; ask for written terms.
Yes. DSCR cash-out refinances allow you to access equity in your investment properties without documenting personal income. How much cash you can take out is limited by a loan-to-value cap set by the program reviewed for your file; ask for that written limit before you plan around it. Use the proceeds to acquire more properties, renovate, pay down debt, or for any other purpose.
Yes. DSCR loans are LLC-friendly and can close in the name of your business entity — LLC, corporation, or trust. This is a major advantage over conventional loans, which typically require the borrower to hold title personally. Closing in an LLC provides liability protection for your personal assets.
No. DSCR loans do not require personal tax returns, W-2s, pay stubs, or employment verification. Qualification is based on the property's rental income and the borrower's credit profile. This is the primary advantage of DSCR loans for investors who may have complex tax situations or write off significant business expenses.
DSCR loans are available for single-family homes, 2–4 unit properties, condos (warrantable and non-warrantable), townhomes, and short-term rentals (Airbnb/VRBO). The property must be an investment property — DSCR loans are not available for primary residences or second homes.
Yes. Many DSCR programs accept short-term rental income from platforms like Airbnb and VRBO. Income is typically documented through a rent schedule, 1007 rent survey, or a history of platform income. Short-term rental DSCR programs may have slightly different ratio requirements.
The program reviewed for your file sets how many financed properties it allows; ask for that limit in writing. Conventional financing limits investors to 10 financed properties, so investors with larger portfolios often look at DSCR.
DSCR loans are often priced above conventional investment property loans because of the reduced documentation. Your rate depends on credit score, DSCR ratio, loan-to-value, loan amount and property type, and it changes daily. This page does not quote a rate or a rate difference; ask for written terms for your file.
Texana Bank offers DSCR loans up to $3,000,000, depending on the property, borrower qualifications and DSCR ratio. Larger loans may need more reserves and a stronger DSCR ratio.
Reserves are counted in months of PITIA left in liquid assets after closing; how many months is set by the program reviewed for your file and depends on the loan amount and how many properties you finance. Reserves can include personal or business bank accounts, stocks, bonds and retirement accounts (often counted at less than full value).
Timing depends mostly on the appraisal and title work. Because a DSCR loan does not verify personal income or employment, there is less to document, but we do not promise a closing date on a web page.
DSCR loans are designed for income-producing rental properties, not short-term flips. For fix and flip projects, Texana Bank offers dedicated Fix & Flip loans with interest-only payments. However, you can use a DSCR loan to refinance a completed flip into a long-term rental hold (the BRRRR strategy).
BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat. Investors purchase a distressed property (often with a hard money or fix & flip loan), renovate it, lease it to tenants, then refinance into a DSCR loan based on the new rental income and appraised value. The cash-out from the DSCR refinance funds the next acquisition.
Yes. Many DSCR programs offer an interest-only payment option for an initial period set by the program. Interest-only payments maximize cash flow by reducing your monthly payment to only the interest portion. This is popular among investors who prioritize cash flow over equity buildup.
Yes, but waiting periods apply after a bankruptcy or foreclosure, and the program reviewed for your file sets them. Have the dates ready. You will also need to show re-established credit.
Texana Bank helped me with the purchase of my third home, and honestly, the experience was the smoothest of all three home purchases. I only worked with Lynette, but she was friendly, helpful, and courteous at all times. She was extremely patient with me, and she took time to answer all my questions. Even more impressive is that the bank worked with me through a challenging employment situation. Never once was I made to feel bad about asking questions, and Lynette's responses were lightning fast. This was one of the best experiences I have ever had with any company, bar none. I highly recommend Texana Bank to anyone.
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Mikayla Irwin
★★★★★
Lynette Heck is the best to work with. No matter what we needed, she was on top of it and thinking of things way before we needed it! We really appreciate everything she did for us!
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Mark Sherrard
★★★★★
Overdue but thanks again Adam, I appreciate you going above and beyond to make sure my family got our dream home. 10 stars.
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Carson Romero
★★★★★
My experience with Lynette was the best and easiest experience it could’ve possibly been when being a first time home buyer. She’s very kind, communicative, reliable, and so much more! It made the whole process that much less stressful and overwhelming. So blessed to have had her on my side!
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Zane Atkins
★★★★★
Parker McMahan has helped us with 3 mortgages and a refi in part few years. Always great service-always honest advice. Texana will be my “go to” for mortgage advice and activity from here on. They are also great in the area of VA home loans.
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Gary McDay
★★★★★
I had an excellent experience working with my texana bank mortgage from start to finish. They were extremely professional, knowledgeable, responsive, and made the entire mortgage process feel much easier than I expected.
They took the time to explain everything clearly, answered all of my questions, and kept me informed throughout the entire process. I always felt like I had someone in my corner who genuinely cared about helping me reach my goals.
If you’re looking for a mortgage broker who is trustworthy, dependable, and willing to go the extra mile for their clients, I highly recommend them. I truly appreciate all of their hard work and would definitely work with them again!
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Kent Sisco
★★★★★
Adam McCormick is fantastic! Easy to work with and keep me informed every step of the way! Looking forward to working with him again in the future
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Andrea Ferrell
★★★★★
Adam was phenomenal from start to finish! He was friendly and professional. He assisted me every step of the way, walking me through the process with ease. He was always there for whatever questions I had. He was very, very patient and always reached out to me in a timely manner if I contacted him and he was unavailable at the time. Moreover, he made me feel as if he cared for more than just my loan, but me as a person!!! Texana is blessed to have him as an associate!!
Andrea
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Clay Ragsdale
★★★★★
Where to really start. Adam walked me through everything and put me at ease. I have had some bad experiences with other companies so I was digging and looking for any red flag. There was none with him and his direct talk is what did it for me. Someone that is real and just says what it is. No false hope or misdirection at anytime.
I would recommend him to anyone and definitely Someone looking for honesty and caring. The communication is top notch and a true professional.
Respectfully,
Clay
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Belvia Lynn
★★★★★
My overall experience while working with Adam McCormick was excellent. He was very pleasant and professional.
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Joseph Hardman
★★★★★
Adam McCormick is an absolute professional in every sense of the word. I will NEVER use any other loan officer for my financials other than Adam as long as he is in the business. His work as my loan officer was exceptional. Throughout the process, he always responded to an e-mail, responded to a text, called right back if not answering immediately. He always made you feel as though you were his only client. There was never the impression he had more important things to do other than speak with you. He worked with us through a death in the family, personal issues, and numerous other challenges. It's possible other loan officers would have given up on us during this process, but Adam stuck with us through it all. His work ethic is amazing. He is an expert in his craft. I could not possibly give a higher recommendation, he has redefined what right looks like in this business.
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Marsha Kessler-Bradshaw
★★★★★
I was about to go with another company for this refinance no cash out until I received a call from this Adam McCormick. He was so knowledgeable and made me feel very comfortable with this process. Adam is knowledgeable ,courteous, understanding and has a real passion and patience for people. 👍We are at the closing. Thank you Adam McCormick!!
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Peter Jenkins
★★★★★
My situation had its difficulties. Justin was confident and persistent through the process and we the got the result
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Dale Samuel
★★★★★
Mark has been very professional and has been very respectful to my wife and myself.
Mark has shown that genuine human qualities and really worked with us and for us.
This actually been a pleasure to get to know Mark.
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James Fields
★★★★★
Outstanding Service and support from a truly Customer Oriented Agent! My pleasure to have worked with Mr. MCcormick.! Would follow him to next source if necessary. He is concerned in an outstanding balanced way. My pleasure to?know and do Business with him and The Bank!
JFields
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Rose Stone-Stewart
★★★★★
Texana Bank was there for us throughout the entire process. Their personableness, as well, their professionalism. As a financial institution it was nice to know that while obtaining a loan, we had a safe place to relay. They are absolutely “by the book” and at the same time makes the process easier to participate. The hospitality and genuine concern as clients was overwhelming of which we will always consider Texana Bank first, before mostly any other financial institution.
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Mitchell Morris
★★★★★
Greg was awesome and the process was simple. I have nothing but the highest praise for the process and for Greg himself. Thank you.
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Ronald Bylsma
★★★★★
Best refi experience of our lives, Andre was very knowledgeable and always kept us calm when things got stressful. Would recommend Mr. Andre Floyd to anyone looking for a great lending officer!
Ready to Scale Your Portfolio?
Whether you're refinancing existing rentals to pull equity or acquiring your next investment property, our investor specialists are here to help.