{"id":489,"date":"2026-06-03T13:57:26","date_gmt":"2026-06-03T13:57:26","guid":{"rendered":"https:\/\/kennedymtg.com\/?page_id=106"},"modified":"2026-06-03T21:26:33","modified_gmt":"2026-06-03T21:26:33","slug":"dscr-loans-multifamily","status":"publish","type":"page","link":"https:\/\/kennedymtg.com\/staging\/8888\/multifamily\/dscr-loans-multifamily\/","title":{"rendered":"DSCR Loans (Multifamily)"},"content":{"rendered":"\n\n<p class=\"wp-block-paragraph\"><em>One-line summary: Investor loans that qualify on the property&#8217;s cash flow instead of the borrower&#8217;s personal income, available for 1\u20134 unit residential rentals, and up to 10 units through specialized commercial DSCR programs.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Best for<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Investors who want to scale a rental portfolio without traditional income documentation, self-employed borrowers whose tax returns don&#8217;t reflect their actual cash flow, and operators who own multiple investment properties and need to qualify each deal independently of personal DTI calculations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key terms (typical)<\/h3>\n\n\n\n<figure class=\"wp-block-table table-label-value\"><table><thead><tr><th>Attribute<\/th><th>Typical Range<\/th><\/tr><\/thead><tbody><tr><td>Eligible properties<\/td><td>1\u20134 unit residential rentals (up to 10 units via specialized commercial programs)<\/td><\/tr><tr><td>Loan amount<\/td><td>$75,000 to $3 million+ (varies by lender)<\/td><\/tr><tr><td>Loan-to-value (LTV)<\/td><td>Up to 80% (purchase), 75% (refinance)<\/td><\/tr><tr><td>Debt service coverage (DSCR)<\/td><td>0.75x to 1.25x minimum, lender-dependent (lower DSCR = higher rate)<\/td><\/tr><tr><td>Term<\/td><td>30 years typical; some 5\/1, 7\/1, 10\/1 ARMs<\/td><\/tr><tr><td>Rate type<\/td><td>Fixed or ARM<\/td><\/tr><tr><td>Recourse<\/td><td>Recourse to the borrowing entity; personal guaranty typical<\/td><\/tr><tr><td>Prepayment<\/td><td>Step-down prepayment common (5-4-3-2-1 or similar)<\/td><\/tr><tr><td>Income documentation<\/td><td>None required, qualifies on rent \/ market rent<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Why borrowers choose this program<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>No personal income documentation.<\/strong> No tax returns, no W-2s, no DTI calculation. The property qualifies, not your tax return.<\/li>\n<li><strong>Portfolio-friendly.<\/strong> Each loan stands on its own. You can build a portfolio of 10, 20, or more properties without running into conventional loan count limits.<\/li>\n<li><strong>Faster close.<\/strong> Less documentation means faster underwriting, typical close in 30 days or less.<\/li>\n<li><strong>Available for LLCs and entities.<\/strong> Most DSCR lenders prefer entity borrowers, which keeps the assets and the borrowing structure clean.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Considerations<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Higher rates than conventional.<\/strong> DSCR loans typically price 100\u2013250 basis points above conventional investor financing. The premium pays for the documentation flexibility.<\/li>\n<li><strong>Prepayment penalties.<\/strong> Most DSCR loans carry prepayment penalties in the first 3\u20135 years. Plan the hold accordingly.<\/li>\n<li><strong>DSCR threshold matters.<\/strong> Loans at minimum DSCR (1.0x or below) cost more and may have lower LTV caps. The strongest pricing goes to deals with 1.25x DSCR or better.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>One-line summary: Investor loans that qualify on the property&#8217;s cash flow instead of the borrower&#8217;s personal income, available for 1\u20134 unit residential rentals, and up to 10 units through specialized [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":487,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"page-templates\/program.php","meta":{"nf_dc_page":"","footnotes":""},"class_list":["post-489","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DSCR Loans (Multifamily) - Kennedy Mortgage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kennedymtg.com\/staging\/8888\/multifamily\/dscr-loans-multifamily\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DSCR Loans (Multifamily) - 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