Equal Housing Lender ·NMLS #1987402·Print or save — your pocket DSCR reference
First Rate Home LoansRobert Buchanan · DSCR
(801) 555-0142 Get My Rate
Investor Cheat Sheet

Everything DSCR,
on one page.

The pocket reference for your next deal — how the ratio works, what qualifies, and exactly what you'll need to close. Print it, save it, hand it to a partner.

DSCR Loan ReferenceFirst Rate Home Loans · Investor Cheat Sheet
How the ratio works
Monthly Rent / RevenueMonthly PITIA = DSCR

PITIA = Principal + Interest + Taxes + Insurance + Association dues. A DSCR of 1.00 means the rent exactly covers the full payment. Above 1.00, the property cash-flows; below, it runs short.

Qualification bands
< 1.00
Runs short
Possible via no-min-DSCR programs — more down or adjusted pricing.
1.00–1.19
Qualifies
Solid. Standard terms; rent covers the payment with a cushion.
1.20 +
Strong
Best leverage and pricing — the sweet spot lenders love.
What makes a strong file
  • Property cash-flows (target DSCR ≥ 1.0)
  • Healthy credit — better scores, better pricing
  • A few months of PITIA in reserves
  • Clean title; can close in an LLC
  • Business-purpose, non-owner-occupied
What you DON'T need
  • No tax returns
  • No W-2s or pay stubs
  • No personal debt-to-income calc
  • No employment verification
  • No cap on number of properties
Eligible property types
✓ Single-family rentals
✓ 2–4 unit multifamily
✓ Warrantable condos
✓ Short-term rentals (Airbnb/VRBO)
✓ 5–10 unit (select programs)
✓ Portfolio / blanket loans
Document checklist to close
  • Purchase contract (or current mortgage statement for a refi)
  • Lease agreement or market rent / STR revenue analysis
  • Property insurance quote or policy
  • LLC docs (operating agreement, EIN, articles)
  • Bank statements showing reserves
  • Government-issued ID
FR
Robert BuchananSenior Loan Officer · NMLS #1987402
(801) 555-0142 robert@firstratehomeloans.com