No W-2s. No tax returns. Just rental income and the right strategy.

If you’re self-employed, retired, or earning irregular income, you’ve probably run into this frustrating problem:

👉 You have the assets, credit, and cash flow to buy real estate — but you can’t qualify for a traditional mortgage.

That’s where DSCR loans (Debt Service Coverage Ratio loans) come in.

They allow you to qualify based entirely on the rental income of the property you’re buying — not your job, retirement account withdrawals, or tax filings.

Here’s how to qualify for a DSCR loan even if you can’t prove income the traditional way.

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✅ Why DSCR Loans Don’t Require Personal Income

Most mortgages require:

• 2 years of tax returns
• W-2s, 1099s, or pay stubs
• Stable employment history

DSCR loans skip all of that.

Instead, they ask:

“Does the property generate enough income to cover the mortgage?”

If the answer is yes, you’re likely to qualify — regardless of your personal employment or tax situation.

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👤 Who This Works Best For

• Self-employed entrepreneurs
• Retirees with investment or rental income
• Freelancers or gig workers
• Real estate investors with multiple properties
• Anyone with a complex or unconventional income stream

📘 Even if you’ve been turned down for a conventional loan, a DSCR loan could still get the deal done.

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🔢 What You Do Need to Qualify

Even without income docs, you’ll still need to show:

• A strong DSCR ratio (typically 1.00+)
• A minimum 620–680 credit score
• A 20–25% down payment
• Rental income documentation (leases, appraisals, or STR projections)
• Liquid reserves (typically 6–12 months of PITIA)

✅ But no W-2s, no tax returns, and no DTI calculations are required.

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🧠 How the Lender Evaluates the Property

Lenders focus entirely on:

• Rental income (lease, appraiser’s market rent, or STR report)
• Monthly mortgage cost (PITIA)
• Your DSCR ratio (Gross Rent ÷ PITIA)

If your DSCR is strong — the loan works.
If it’s borderline — we help you adjust the terms or improve the scenario.

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🧾 Common Documentation Needed

Even without income verification, you’ll typically need:

• ID and credit check
• Down payment verification
• Lease agreement or AirDNA/STR rental report
• Property appraisal with market rent (1007 addendum)
• LLC docs (if buying in a business name)

📘 That’s it — no income statements, no employer contact, no digging through past returns.

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🏢 Why PRMI?

We help self-employed, retired, and non-traditional borrowers:

• Qualify based on cash flow and investment strategy
• Buy or refi with zero income verification
• Use DSCR, bank statement, or asset-based loan options
• Avoid the paperwork stress that comes with conventional loans

You’ve earned the freedom — we’ll help you finance it.

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👇 Want to See If You Can Qualify Without W-2s or Tax Returns?

Send us your property and rent estimates — we’ll run your DSCR and show you how to get approved.