Buy or refinance investment property without personal income verification.

If you’re a real estate investor — or planning to become one — you may be wondering how to qualify for a mortgage without traditional income documents.

You’re in luck. There’s a loan designed just for that.

👉 It’s called a DSCR loan — and it’s one of the most powerful financing tools for rental property investors.

Let’s walk through what DSCR loans are, how they work, and why they’re a favorite among both new and seasoned investors.

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✅ What Is a DSCR Loan?

DSCR stands for Debt Service Coverage Ratio.
It’s a type of non-QM loan that allows you to qualify for a mortgage based on a property’s income — not your personal income, job, or tax returns.

In simple terms:

If the property pays for itself, you can get approved.

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📊 How DSCR Is Calculated

Lenders calculate DSCR like this:

DSCR = Gross Monthly Rent ÷ Monthly Mortgage Payment

Example:

• Property rents for $2,000/month
• Your mortgage payment is $1,800/month
• 2,000 ÷ 1,800 = 1.11 DSCR

Most lenders look for a DSCR of 1.00+, meaning the property at least covers its own mortgage. Some allow as low as 0.75 with compensating factors (like strong credit or larger down payment).

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🧠 Who Are DSCR Loans For?

These loans are perfect for:

• Real estate investors
• Short-term rental (Airbnb/VRBO) buyers
• Buy-and-hold landlords
• First-time investors building their portfolio

And they’re often used when:

• Tax returns don’t reflect your true income
• You own multiple properties
• You want to scale fast without waiting years between purchases

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🧾 What Documents Are Required?

✅ No W-2s
✅ No tax returns
✅ No job verification
✅ No personal DTI calculations

Instead, you’ll need:

• Property lease or rent estimate (from appraisal)
• Proof of down payment and reserves
• Credit report (usually 620+)

It’s a cash flow-based loan — so if the deal makes sense, the loan can too.

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💰 Down Payment & Terms

• Minimum down payment: 20–25%
• Interest rates: Competitive but slightly higher than traditional loans
• Terms: 30-year fixed, ARM, interest-only options
• Prepayment penalties: Common on investment loans (1–3 years)

💡 We’ll structure the loan around your strategy — whether you’re holding long-term or planning to refinance later.

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🏢 Why PRMI?

As a direct lender offering DSCR loans nationwide, PRMI helps you:

• Get approved using property income — not personal income
• Close fast with in-house underwriting
• Expand your rental portfolio with smart, scalable financing

We work with first-time investors and seasoned pros — and we’ll help you run the numbers like a pro.

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👇 Want to Buy an Investment Property Without Income Docs?

Let’s look at your target property’s rental income and build a custom loan solution — no W-2s, no tax returns, no red tape.