Home / DSCR / No income verification. The property qualifies.
Updated September 2026
DSCR
No income verification. The property qualifies.
On a standard THEMONEYDOOR DSCR loan, personal income is not the test. No W-2s. No tax returns. No pay stubs. Gross rent divided by PITIA is the ratio. At about 1.00x the rent covers the payment. At 1.25x pricing is usually better. We still look at credit, reserves, and an appraisal or rent schedule. That is a screen, not a promise of max leverage.
The screen
| What we skip | What we still use | Usual screen |
|---|---|---|
| W-2s and pay stubs | Rent vs PITIA | About 1.00x floor |
| Personal tax returns | Credit and reserves | 1.25x prices better |
| Personal DTI | Appraisal or rent schedule | Purchase often near 80% LTV |
What we fund
- Purchase, rate-and-term, and cash-out on 1 to 4 unit rentals
- LLC borrowers and self-employed investors
- Files where the rent, not the job, is the story
What we still need. Short list.
- Credit is still reviewed. A lower score changes leverage, it does not skip the file.
- Reserves and down payment, sourced.
- Appraisal plus a lease, market rent, or a short-term rent schedule.
- Entity documents if you close in an LLC.
Questions
Does no income verification mean no documents at all?
No. You skip personal income docs. You still need the property file: credit, assets, appraisal, and a rent schedule or lease.
Is this the same as a no-ratio loan?
No. Standard DSCR still calculates rent divided by PITIA. No-ratio is a separate program with no DSCR calculation and tighter leverage, often 55% CLTV.
What DSCR do you want?
About 1.00x is the usual floor on a standard file. 1.25x usually prices better. Below 1.00 can still be a Flexible DSCR file, not this same grid.
Do you call after I qualify?
No. We text. We do not call.
Related
These are the guidelines we screen. They are not a promise that your file hits the maximum. Credit-event seasoning, occupancy, and property condition still have to be confirmed. Not a commitment to lend. We text. We do not call.