Real estate investors financing short-term or long-term rental properties based on property cash flow (Debt Service Coverage Ratio) without personal income or tax return verification. David Gordon offers DSCR Loans in all 26 licensed states. Find your city below.
A Debt Service Coverage Ratio (DSCR) Loan allows real estate investors to purchase or refinance residential rental properties—including single-family rentals, condos, townhomes, and 2-to-4 unit multi-family residences—based entirely on the property's gross rental income rather than personal W-2 wages, tax returns, or personal debt-to-income (DTI) ratios.
The DSCR Formula: DSCR = Gross Monthly Rental Income ÷ Monthly PITIA (Principal, Interest, Taxes, Insurance, and HOA Dues). A DSCR of 1.00x or higher means the property's rent fully covers the total monthly housing obligation. Through Barrett Financial Group's 100+ wholesale investors, David Gordon offers DSCR programs for both long-term leases (Form 1007 appraisal rent schedule) and short-term rentals (Airbnb/VRBO 12-month history or AirDNA projections).
| DSCR Tier | Minimum Down Payment / Max LTV | Minimum Credit Score | Eligible Property & Vesting Features |
|---|---|---|---|
| DSCR ≥ 1.15x – 1.25x+ | 15% – 20% Down (80%–85% LTV Purchase / 75%–80% Cash-Out) | 660 – 680+ FICO | Best pricing tier; LLC, LP, S-Corp, or personal name vesting; 30-yr fixed or 40-yr interest-only |
| DSCR 1.00x – 1.14x (Break-Even) | 20% Down (80% LTV Purchase / 75% Rate-Term or Cash-Out) | 660+ FICO | Long-term (Form 1007) or short-term vacation rental income accepted |
| No-Ratio / Sub-1.00x DSCR (0.75x – 0.99x) | 25% – 30% Down (70%–75% LTV) | 680 – 700+ FICO | Ideal for high-appreciation coastal and metro markets where purchase price outpaces initial rent |
Real estate investors financing short-term or long-term rental properties based on property cash flow (Debt Service Coverage Ratio) without personal income or tax return verification.
Working with a licensed wholesale mortgage broker gives homebuyers, real estate investors, and refinancing homeowners a measurable structural advantage over applying at a single retail depository bank. David Gordon (NMLS #113707), licensed Mortgage Loan Originator at Barrett Financial Group, L.L.C. (NMLS #181106), shops over 100 wholesale institutional lenders simultaneously to secure competitive interest rates, lower origination costs, and flexible underwriting guidelines across 26 licensed jurisdictions.
Every residential purchase and refinance file receives a comprehensive upfront income, asset, and credit audit before your pre-approval letter is issued. Whether you are purchasing a primary residence with 3% down through a Conventional conforming loan, utilizing zero-down VA home loan benefits, or qualifying for a multi-million-dollar Jumbo mortgage in a high-cost metro market, upfront underwriting verification helps ensure smooth contingencies and on-time closings in 18 to 21 calendar days.
Self-employed business owners, 1099 independent contractors, and real estate investors frequently encounter unnecessary roadblocks at traditional banks when tax returns reflect legal business deductions and depreciation schedules. Through specialized Non-QM lending channels, borrowers can qualify using 12 to 24 months of business or personal bank statements, CPA profit-and-loss statements, 1099 earnings summaries, or property-level Debt Service Coverage Ratio (DSCR) rental cash flow without personal debt-to-income ratios.
Review the 2026 residential and investment mortgage program comparison matrix below to compare minimum down payment requirements, credit score thresholds, and borrower eligibility guidelines across our primary lending products. You can also explore David Gordon's licensing credentials and background or read our latest market updates on the Mortgage Strategy Blog.
| Loan Program | Min. Down Payment | Typical Min. FICO | Primary Qualification & Best Use Case |
|---|---|---|---|
| Conventional Loans | 3% – 5% | 620+ | Primary residences, second homes, and investment properties with removable PMI |
| FHA Home Loans | 3.5% | 580+ | Flexible debt-to-income ratios and credit guidelines for homebuyers |
| VA Home Loans | 0% Down | 580+ | Eligible Veterans, active-duty military, and surviving spouses with no monthly PMI |
| Jumbo Mortgages | 10% – 20% | 680+ | High-balance luxury home financing above county conforming loan limits up to $5M+ |
| Bank Statement Loans | 10% – 15% | 660+ | Self-employed borrowers and business owners qualifying on 12–24 months deposits |
| DSCR Investor Loans | 20% – 25% | 660+ | Real estate investors qualifying on rental property cash flow with no tax returns |
Most residential borrowers receive a fully underwritten pre-approval letter within 24 hours of submitting income, asset, and credit documentation. Because Barrett Financial Group, L.L.C. (NMLS #181106) shops over 100 wholesale lenders simultaneously, David Gordon (NMLS #113707) matches each borrower with competitive interest rates and flexible underwriting guidelines.
Borrowers can access Conventional conforming loans (3% minimum down payment), FHA home loans (3.5% down with 580+ credit scores), VA zero-down mortgages for eligible veterans and active-duty service members, Jumbo financing up to $5M+, 12-to-24-month Bank Statement loans for self-employed business owners, and DSCR investment property loans.
A retail bank only offers its own proprietary loan products and rate sheets, meaning a single underwriting overlay can stall your file. As a licensed wholesale mortgage broker with over 20 years of lending experience, David Gordon compares wholesale pricing across 100+ lending partners to lower closing costs and close purchases in 18 to 21 days.