The property qualifies, not your tax return.
A DSCR loan is long-term debt on a rental, underwritten against the property's own income rather than yours. Thirty-year fixed, adjustable and interest-only structures are all available, and a quote does not require a hard credit pull.
- Loan size
- $100K – $2M
- Max LTV
- 80%
- Min DSCR
- 0.80
- Prepay
- None after yr 3
- Term
- 30 yr fixed · ARM · IO
- To close
- 7 days
Why conventional underwriting declines performing portfolios.
Conventional underwriting counts net income after deductions. Depreciation and expense write-offs reduce the qualifying income figure while leaving actual cash flow unchanged.
Conventional guidelines limit the number of financed properties per borrower. DSCR qualification applies no property count limit.
The common assumption is that rent must cover the payment. Our source writes down to a 0.80 debt service coverage ratio, which means a property covering 80% of its own debt is still financeable — at lower leverage, with the gap made up in equity.
Every deal we place is to an entity on non-owner-occupied property. That is our requirement, not a lender preference, and it is what keeps these loans business-purpose.
DSCR calculator
Does the rent cover the debt? Run it standing in the property.
Both are your own assumptions. JOGA does not quote rates or fees — the market prices the deal once it is in front of it. Financing costs cover lender points plus our placement fee. Our source writes down to a 0.80 coverage ratio.
- Monthly PITIA
- $2,408
- Loan at target LTV
- $255,000
- Estimated cash to close
- $96,475
- 0.80 — placement floorClears
- $255,000
- 1.00 — carries itselfClears
- $255,000
- 1.20 — best pricingShort
- $250,281
Carries itself. At 1.18 the property covers its own payment. It funds at this leverage. Coming in at $250,281 of loan — $4,719 less — would put it over 1.20, where pricing improves.
Illustrative arithmetic only. Not an offer of credit, a pre-qualification, a commitment to lend, or an appraisal of value. Financing costs are your own assumption — lender points and our placement fee are quoted per deal, disclosed in writing on every term sheet, and never guessed at here. Interest carried over the hold is not included.
Get real term sheetsQualification runs on the property, not the buyer.
Enter price, rent, taxes and insurance. The calculator returns the DSCR ratio, the monthly PITIA, and the maximum loan at each threshold that matters — 0.80, 1.00 and 1.20. Works on mobile.
The calculator is open and requires no email to return a result. It can be forwarded to a client directly.
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