Rental-property loans

Qualify the property on its rent — not you on your tax returns.

A DSCR loan measures the rent against the payment. If the property carries the loan, the loan can be made — with no tax returns, no W-2s, no employment verification and no debt-to-income ratio, on a rental you hold personally or in your LLC.

  • Purchase, rate-and-term refinance, or cash-out on 1–4 unit rentals
  • Rent from the lease or the appraiser's rent analysis; short-term bookings on some programs
  • Close in an LLC — the structure conventional loans will not do
  • Built for landlords with several financed properties — no agency property cap
  • Soft credit pull to pre-qualify, with no impact to your score
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Offered through West Capital Lending by Korbin Spangenthal, NMLS #2079029. Business-purpose loans on non-owner-occupied property. Subject to credit approval, appraisal and program guidelines.

Does the rent carry the loan?

Monthly rent divided by the full monthly payment. Runs in your browser — nothing is sent and no credit is pulled.

Debt-service coverage ratio
—
See which programs this fits

Arithmetic, not an offer. The rent a lender uses comes from the lease or the appraisal, and the ratio each program wants is set by that program.

★★★★★ 4.96/5 from 215 verified reviews
Qualified on the rent, not your income
1–4 unit rentals, personally or in an LLC
Purchase, refinance and cash-out

The problem

The property cash flows. The bank declines you anyway.

A conventional investor loan qualifies you: two years of returns, every mortgage you hold stacked into a debt-to-income ratio, and a cap on how many properties you may finance. Good investors run out of that math long before they run out of good deals.

Qualified on you

  • Net income after write-offs, averaged over two years
  • Every mortgage you already carry counts against you
  • A cap on the number of financed properties
  • Individual borrower on title — no LLC
  • Short-term rental income mostly ignored

Qualified on the property

  • Rent ÷ payment — the debt-service coverage ratio
  • No tax returns, W-2s, pay stubs or employer calls
  • Built for investors who already own several
  • Title in your LLC, with a personal guarantee
  • Booking income counted on some short-term rental programs

About the ratio: each program sets the ratio it wants to see, its loan-to-value limits, credit standards and reserves — and they differ enough that no single number belongs on a web page. Run the calculator, then a soft-pull conversation tells you which programs your property fits. See how the loan works →

The process

Three steps, address to funded

Less to document than a conventional file, because your income is not in it.

1

Address and rent

The property, the lease or your rent estimate, and what you want to do — buy, refinance or cash out, personally or in an LLC. Soft credit pull only.

2

Appraisal and rent analysis

The appraiser establishes value and, where needed, market rent. On a short-term rental with history, some programs use the last 12 months of bookings instead.

3

Close

Entity documents if you are closing in an LLC, insurance in the right name, reserves verified, and a closing that does not wait on anyone reading your tax return.

Who this is built for

If the deal works but your paperwork does not

Investors who would rather the loan be judged on the property than on their personal finances.

Self-employed investors with heavy write-offs Landlords past the conventional property cap LLC and partnership buyers Airbnb & short-term rental operators BRRRR investors refinancing after rehab First-time investors with a strong deal Out-of-state buyers Investors pulling equity for the next purchase

A real person, on your timeline

The application is digital. The advice isn't. You'll work directly with a licensed loan originator who shops your deal across lending partners instead of a call center reading from a script.

Korbin Spangenthal, Vice President and Mortgage Loan Originator

Korbin Spangenthal

Vice President • Mortgage Loan Originator

Korbin works with investors and business owners whose income is real but whose paperwork is awkward — the borrowers retail banks turn away on paper. Licensed in 30 states with West Capital Lending, Inc. Rated 4.96/5 across 215 verified reviews.

NMLS #2079029  •  DRE #2178533  •  West Capital Lending, Inc., NMLS #1566096, DRE #02022356
17911 Von Karman Avenue, Suite 400, Irvine, CA 92614
Direct: (949) 751-1870  •  kspangenthal@westcapitallending.com
Call (949) 751-1870Text KorbinEmail
Verify my license on NMLS Consumer Access →

Straight answers

Questions investors actually ask

What is a DSCR loan?

An investment-property loan qualified on the property's rent against its payment — the debt-service coverage ratio — instead of on your personal income. No tax returns, W-2s or debt-to-income ratio are part of the file.

Do I need tax returns?

No. That is the point of the product. The lender looks at the lease or the appraiser's market rent, your credit, and reserves.

What ratio do I need to qualify?

Each program sets its own, and some have options for properties below 1.00. Run the calculator above, then a short call tells you which programs the number fits. No minimum is published here because it would be wrong for half the programs.

Can I close in an LLC?

Yes, on most programs, with a personal guarantee from the members. Conventional loans generally cannot do this; DSCR loans are built for it.

Can I use it for an Airbnb?

Yes. Some programs count documented short-term booking income; others use only long-term market rent. Which one applies is the first question to ask.

Can I use a DSCR loan on the house I live in?

No. DSCR loans are business-purpose loans on non-owner-occupied property. For equity from your own home as a self-employed borrower, see HELOCforSelfEmployed.com.

Is there a prepayment penalty?

Most programs include one during the first years, and most offer a choice of structures at different pricing. Ask for the options, not the default.

How fast can it close?

Generally faster than a conventional investor loan, because there is no personal income to verify. The appraisal with its rent analysis is usually the long pole.

Guides

Written for the specific situations that bring investors here.

What a DSCR loan is

The full walkthrough — what is in the file, what is not, and the trade-offs.

How DSCR is calculated

Rent ÷ payment, what counts as each, and how to move the ratio.

No tax returns

For self-employed and write-off-heavy investors.

Closing in an LLC

Title, guarantees, partners, and moving a property you already own.

Airbnb & short-term rentals

When booking income counts, and when only long-term rent does.

Cash-out refinance

Equity out of a rental, sized on the rent — including the BRRRR exit.

DSCR vs. conventional

What each asks for, side by side, and when each wins.

First-time investors

No landlord history on many programs. The cash side is the catch.

Prepayment penalties

Why they exist, the common structures, and how to shop the options.

Send the property. Get a real answer.

You will hear back from Korbin directly — including a straight no, if that is the honest answer.

Submitting does not pull your credit and is not an application. By submitting you agree to be contacted about your inquiry. DSCR loans are business-purpose loans on non-owner-occupied property.