Creative “No Doc” Rental Loans for Real Estate Investors
DSCR Elite Loan
Finally . . . the last DSCR loan you will ever shop for!
DSCR Elite provides the most competitive & versatile 1-10 unit rental property & portfolio loan in the private lending industry
Inspired by common sense underwriting, our industry-leading guidelines redefine what’s possible in the DSCR space.
We understand speed, due diligence & competitive terms are the bare minimum for both first-time investors with unique needs & seasoned professionals.
Built for the Toughest Scenarios
DSCR Elite redefines “Creative Capital” with the largest selection of niche rental financing solutions that close when others don’t.
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DSCR Elite provides the most competitive & versatile 1-10 unit rental property & portfolio loan in the private lending industry
Inspired by common sense underwriting, our industry-leading guidelines redefine what’s possible in the DSCR space.
We understand speed, due diligence & competitive terms are the bare minimum for both first-time investors with unique needs & seasoned professionals.
Built for the Toughest Scenarios
DSCR Elite redefines “Creative Capital” with the largest selection of niche rental financing solutions that close when others don’t.
Tap Into 5% More Leverage With DSCR Elite
Tap Into 5% More Leverage With DSCR Elite
Purchase
As little as 15% down payment
Refinance
Up to 85% LTV (Loan to Value)
Cash-Out
Up to 80% LTV (Loan to Value)
DSCR Elite Changes
the Game
DSCR Elite Changes
the Game
Imagine . . .
Collapsing your BRRRR Timeline
No ownership seasoning - cash-out immediately, even if vacant!
Closing in 2-4 Weeks
Even less with appraisal & title completed
Creative/flexible guidelines
40 year term & Interest only - great for boosting NOI
Transferred appraisal OK - Just send PDF & Invoice
Living rent free & insufficient credit history OK
600 Min. FICO
Low (1007) appraisal? We can fix with:
Qualifying off lease if higher w/ 2 months receipt
Asset Depletion: rents + assets divided by 60 months can
improve DSCR score
Bank Statement Income: can improve DSCR score
Short Term Rental Loan Pioneer
First timer OK on purchase - qualify off AirDNA numbers
Cash-out refi after just one booking!
Virtually all property types accepted
1-10 unit residential, Condos (non-warrantable) & condotels/PUDtels, mixed-use, rural, acreage & commercial
What We Can Help You Finance:
Short Term Rental Loan Without the Run Around
What We Can Help You Finance:
Short Term Rental Loans Without the Run Around
Our borrowers are typically . . .
• Single-Family Rentals (SFRs)
• 2–10 Unit Properties
• Airbnb / Short-Term Rentals
• Condos + Townhomes
• Non-warrantable condos
• Mixed-use Properties
• Condo-tels
• Commercial properties
• Rental Portfolios (5+ Properties)
• Barndominiums
• Unique properties
• Rural Properties
• Commercial properties
First timer OK - No STR experience needed!
“AirBnBRRRR” Friendly - Full ARV Cash-Out immediately after first booking!
Seasonal/Vacation Markets OK (Including Rural)
Out of State Investing OK
Up to 10 units OK
Why DSCR Elite is the Gold Standard for Investors
Why DSCR Elite is the Gold Standard for Investors
No personal income required
No tax returns, paystubs, 1099s or W2s
Close in Entity – LoanTap’s DSCR loans don't report to personal credit
Won’t affect debt to income for primary home or vehicle loan
Foreign national, ITIN and Non-Permanent Resident Alien OK
Rates at or below conventional/full-doc pricing
Starting at 5.75%
Reduced fees for repeat borrowers
Scale without limits
Conventional mortgages allow max. 10 rentals which prohibits scaling
LoanTap has no such limit
Why DSCR Elite is the Gold Standard for Investors
STEP 1
Initial Call
A quick intake call to review your deal and timeline.
Apply in minutes
STEP 2
We Respond Fast
Our team jumps into action immediately. We’ll contact you with real options — often within hours.
You won’t wait days just to hear “no.”
STEP 3
Close in as Few as 3 Days
If your deal’s urgent, we’re built for that. No hard credit pull, no appraisal required for purchase, and no surprises.
Close with confidence, even when time is tight.
See the Difference:
DSCR Elite vs. Others
See the Difference: DSCR Elite vs. Others
|
Banks / Private Lenders | |
|---|---|---|
| Time to Close | 2-4 weeks | 3-5 weeks |
| Interest Rate | Starting at 5.75% | Starting at 7.75% |
| Ownership Seasoning | None | 3-6 months |
| First-Timer (incl. short term rental) | OK | Primary residence & experience required |
| Vacant Property | OK (incl. Cash-Out) |
Lease/Tenant required |
| Transferred Appraisal | OK if “As-Is” (no transfer letter required) |
If allowed, transfer letter required |
| Low Appraisal? | Qualify off higher leased amount w/ 2 months receipt | Tough luck |
Frequently Asked Questions
What is DSCR?
”Debt Service Coverage Ratio” measures the annual cash flow of a rental property in a ratio of rental income divided by expenses (loan payments, taxes, insurance & HOA).
What is a DSCR Elite loan?
A mortgage loan secured by residential real estate that is a turnkey property strictly used for a business purpose and underwritten primarily based on the property, not the applicant.
What is the minimum credit score for a DSCR Elite loan?
Our investment property loans require a minimum qualifying credit score of 600.
What is the minimum down payment for a DSCR Elite loan?
Down payments start at 15%
I’m looking to buy my first rental property, can I get a DSCR Elite loan?
Yes, DSCR Elite loans are first-time investor friendly with no restrictions or limits on first-time investors. We are dedicated to helping real estate investors start the journey to financial freedom & love to help people get started!
Can I get a blanket DSCR Elite loan?
Yes, DSCR Elite is offered as a blanket portfolio loan for real estate investors. Qualification & the documentation process is similar to a DSCR Elite loan for a single property, however all the properties secured under the blanket loan must be in the same state with a minimum value of $75,000 per property.
I have a bankruptcy or foreclosure in my history, will that prevent me from closing on a DSCR Elite loan?
No. We are flexible & work with borrowers with blemished credit histories. You may have to pay a moderately higher rate, but we should be able to find a loan for every investor.
I am not a U.S. citizen, can I qualify for an investment property loan with LoanTap?
We work with non U.S. citizens if the borrower is a documented permanent or non-permanent resident alien. We also work with foreign nationals residing outside of the U.S. if the borrowing entity is an LLC and 50% or more of the ownership is held by a U.S. citizen or green card holder.
Let’s Get Your Loan
Across the Finish Line
Let’s Get Your Loan
Across the Finish Line
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