How is a DSCR loan sized?

A DSCR loan is sized by two constraints and takes the smaller: (1) the DSCR test, the property's net rental income divided by the lender's required coverage ratio (typically 1.20x) and the loan's debt service per dollar, and (2) the LTV cap. DSCR products underwrite the property's income and the equity, not your personal tax returns, so there is no debt yield test like CMBS. The smaller of the DSCR implied loan and the LTV implied loan is your maximum.

What LTV can I get on a DSCR loan?

As of 2026, stabilized 1 to 4 unit and small apartment DSCR loans top out around a 70 to 75% loan to value gold standard (cash out usually 70%). The no ratio / high equity lane, for the well capitalized investor who prefers a simplified file or whose property is mid stabilization, is held near 65% or lower precisely because the substantial equity carries the deal. Foreign national investor programs cap around 65%. None are high leverage; the borrower contributes significant equity, which is what makes the streamlined documentation possible.

Can I get a DSCR loan with no income ratio?

Yes, the no ratio (no DSCR) lane sizes purely on the property's value and the borrower's equity, with no minimum coverage ratio. The trade off is a conservative LTV (around 65% or less) and a higher rate. It's built for the equity rich investor whose property is mid stabilization or whose income is complex or self employed, not a high leverage product. In the sizer below, this lane is bound entirely by the LTV cap.

DSCR Loan Debt Sizer | Max Loan by Program (Free)

Annual Rental NOI

Gross rent minus taxes, insurance, HOA, management, maintenance.Property Value (or Purchase Price)

Lane Producing Largest Loan

DSCR 5 to 8 Unit / Small Apt: $611K (DSCR binds at 7.25%)

Lane	Rate	Max LTV	Max Loan	Binding	By DSCR / LTV
DSCR 5 to 8 Unit / Small Apt	7.25%	75%	$611K	DSCR	$611K / $638K
Standard DSCR (1 to 4 Unit)	7.00%	70%	$595K	LTV	$626K / $595K
Short Term Rental / Airbnb	8.00%	70%	$595K	LTV	$619K / $595K
DSCR Cash Out Refi	7.50%	70%	$595K	LTV	$596K / $595K
Foreign National	8.50%	65%	$553K	LTV	$591K / $553K
No Ratio / High Equity	9.50%	65%	$553K	LTV	n/a / $553K

Indicative 2026 ranges, not a quote. DSCR loans are sized by DSCR floor + LTV cap (no debt yield test). LTV honors the gold standard, 70 to 75% on stabilized rentals, ~65% on the no ratio high equity and foreign national lanes. None are 100% financing. Actual rate, leverage, and DSCR floor vary by credit, property, and market.

About these figures

Rate, spread, leverage and term levels shown here are indicative. They reflect general conditions among direct capital sources as of October 1, 2026 and describe what the market has recently supported, not an outcome available to any specific borrower.

Actual pricing, leverage and terms are determined by the lender through underwriting, once full transaction materials have been reviewed. Nothing shown here is a quote, a commitment, an offer of credit or a guarantee.

PeerSense is a capital advisory firm. We source capital through a curated network of commercial lenders and capital sources. Every credit decision belongs to the lender.

Market conditions move. Figures may change without notice, and a level that cleared last quarter may not clear today. What these terms mean.

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How to Read the Output

Each lane shows the maximum loan it will fund given the property's income and value. The Binding column shows the limiting constraint: "DSCR" means the property's income caps the loan; "LTV" means the equity requirement caps it. If LTV binds, the property cash flows well and you're leaving leverage on the table by under borrowing; if DSCR binds, more rent or a lower rate is what unlocks a bigger loan.

The No Ratio / High Equity This lane is always bound by LTV, it ignores the income ratio entirely and sizes purely on equity, for the well capitalized investor who wants a simplified file or whose income is complex or self employed. The 5 to 8 Unit lane reaches the highest LTV (75%) because small apartments underwrite more like stabilized multifamily. For a deeper read on which lane fits, see owner occupied vs leased, the DSCR ratio calculator, and DSCR Loans.

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