Springwell Rent
Long-term financing for income-producing rentals, underwritten on the property's Debt Service Coverage Ratio instead of your personal income. If the rent covers the payment, the deal works—no pay stubs, no employment verification.
Typical terms
- Loan amount
- $100K – $3M+
- Min DSCR
- 1.0 – 1.25x
- Down payment
- 20 – 25%
- Credit score
- 620+
- Cash-out LTV
- Up to 75–80%
- Term
- 30-year options
Terms are illustrative and subject to underwriting. Final pricing depends on the deal, your experience, and leverage.
What this program delivers
- Qualify on rental cash flow (DSCR), not W-2s or tax returns
- Portfolio-friendly—no cap on the number of properties you own
- Title in an LLC; close in your entity
- Cash-out refinance to pull equity into the next deal
- SFR, condos, townhomes, 2–4 units, and short-term rentals
DSCR Loans Explained
How the ratio works, what rent over payment actually means, and what to do when your number comes up short.
More videos →Structuring a DSCR deal, step by step
1. Calculate the DSCR
DSCR = monthly rent ÷ monthly payment (principal, interest, taxes, insurance, HOA). Example: $2,000 rent ÷ $1,600 payment = 1.25 DSCR. Most programs want 1.0–1.25 to qualify; the higher the ratio, the better your pricing.
2. Set leverage and structure
We size the loan to the DSCR, your credit, and the property type. A 1.25+ ratio with a 660+ score gets you maximum leverage; thinner ratios still fund at adjusted terms. Vesting in an LLC is standard and encouraged.
3. Choose your rate structure
Pick the structure that fits the hold: 30-year fixed for set-and-forget cash flow, ARM for a shorter horizon, or interest-only to maximize early cash flow. We'll model each against your target return before you commit.
4. Close and scale
Close in your entity, season the property, then cash-out refinance to redeploy equity into the next acquisition—repeating the loop without touching personal income docs.
Springwell Rent questions, answered
- What DSCR do I need to qualify?
- Most rentals qualify at a DSCR of 1.0–1.25, meaning the rent covers (or exceeds) the full monthly payment. Properties below 1.0 can still be financed at adjusted leverage and pricing—send us the numbers and we'll tell you exactly where it lands.
- Do you verify my personal income?
- No. DSCR loans are underwritten on the property's cash flow, not your tax returns, W-2s, or pay stubs. That's what makes them ideal for self-employed investors and portfolio builders.
- Can I close in an LLC?
- Yes—titling in an LLC is standard for DSCR loans and is the structure most of our investors use for liability and portfolio management.
- How many rentals can I finance?
- There's no cap on the number of properties you can own. DSCR financing is built for portfolio growth, and we can structure single-property or blanket loans across multiple doors.
- Can I use a short-term rental's income?
- Yes. We finance SFRs, condos, townhomes, 2–4 unit properties, and short-term rentals, and can underwrite using market rents or documented STR income depending on the property.
- Can I take cash out?
- Yes—cash-out refinances up to roughly 75–80% LTV let you pull equity out of a stabilized rental to fund your next purchase.
Ready to price this on your deal?
Tell us the basics and an advisor comes back with real numbers — leverage, rate, points, and the draw structure you'd actually live with.
Ready to fund your dscr rental loans deal?
Tell us about your project and get a same-day read on terms. No obligation, no impact to your credit to prequalify.