DSCR & Fix and Flip Loans — Investor Capital, No Tax Returns
Investor loans for rehab projects and rental property cash flow.
See if I qualifyDSCR (Debt Service Coverage Ratio) and fix-and-flip loans are designed for real estate investors who don't want to qualify on personal income. DSCR loans use the rental income from the property to qualify — typically a 30-year fixed at 7–10% with no W-2s, no tax returns, no DTI. Fix-and-flip loans are 12-month bridge loans covering up to 90% of purchase plus 100% of rehab.
Fundwise compares investor-only lenders (Kiavi-class, Lima One, Constructive, regional private lenders) so you see the lowest rate and highest leverage your file qualifies for. We handle single-family, 2–4 units, condos, and small multifamily up to 8 units.
Who qualifies
- Personal credit 660+ (DSCR), 650+ (fix and flip)
- DSCR ≥ 1.0 — rent covers the mortgage (some lenders go to 0.75)
- Down payment: 20% on DSCR, 10–20% on fix and flip
- Investor experience helpful but first-flip programs exist
How it works
1. Property under contract or in your portfolio
Send us the address, purchase price, rehab budget (if any), and expected rent or ARV.
2. Term sheet in 24 hours
Rate, leverage, points, prepay penalty. No hard pull until you sign.
3. Close in 10–21 days
Investor-only lenders skip the conventional QM process. Appraisal, title, close.
Frequently asked questions
What is a DSCR loan?
A DSCR (Debt Service Coverage Ratio) loan qualifies the borrower based on the property's rental income vs. its mortgage payment — not personal income. A DSCR of 1.0 means rent equals PITI; most lenders want 1.0–1.25.
Can I get a fix and flip loan with no experience?
Yes. First-flip programs exist, typically at 80% LTC instead of 90%, with a slightly higher rate. After 2–3 completed flips you'll qualify for the best leverage.
How much do DSCR loans cost?
Typical 30-year DSCR loans run 7.5–9.5% with 1–2 points, depending on credit, LTV, and DSCR. Prepay penalty is usually 3-2-1 or 5-4-3-2-1.
Do DSCR loans require a personal guarantee?
Most do, even when titled to an LLC. Lenders accept the PG as standard — but they don't underwrite your personal DTI.
Why apply through Fundwise
- One application, every lender we partner with
- No hard credit pull to see your matches
- Free Money screening for tax credits included
- Real human concierge if you get stuck