DSCR Rate Tracker · Updated Weekly

Today's DSCR Loan Rates — April 2026

Q: What are current DSCR loan rates (April 2026)?

As of April 28, 2026, DSCR investor loan rates are 5.95–8.50% (30-yr fixed). Best-tier (760+ FICO, 1.25x+ DSCR, 70% LTV, 3+ years investor experience): 5.95–6.75%. Mid-tier (700-759 FICO, 1.10-1.25x DSCR): 6.50–7.50%. Lower tier (660-699 FICO, 1.0-1.10x DSCR): 7.50–8.50%. Cash-out refi adds 25-50 bps; foreign national 7.25–9.50%.

Q: What FICO score do I need for the lowest DSCR rate?

Lowest DSCR rates (5.95% floor in April 2026) require: 760+ FICO, 1.25x+ DSCR, 70% LTV cap, 3+ years investor track record, no recent BK/foreclosure, single-family / 2-4 unit residential. Drops to 720+ FICO at 6.25-6.75%. Below 700, expect 7.0%+ pricing. Cash reserves of 6+ months PITIA reduce rate 10-25 bps.

Q: How is a DSCR loan rate calculated?

DSCR rate = base index + lender spread. Most DSCR lenders peg to a private rate sheet that loosely tracks 10-yr Treasury (4.25% April 2026) + 175-450 bps spread. Spread depends on FICO, DSCR ratio, LTV, points paid, prepay-penalty acceptance, property type, and investor experience. Some lenders offer 5/1, 7/1, 10/1 ARM options at 25-75 bps tighter than 30-yr fixed.

Q: Can I get a DSCR loan with no points?

Yes — but rate increases 50-100 bps. April 2026 example: 760 FICO, 1.25x DSCR, 70% LTV, 5-yr step-down prepay: 5.95% with 1.5 points, 6.45% with 0.5 points, 6.95% with no points. Most institutional investors choose 1-2 points to get the lowest rate; flippers and short-hold investors prefer no points.

Q: What's the DSCR rate for cash-out refinance?

April 2026 DSCR cash-out refi rates are 6.45–8.95% — typically 25-50 bps higher than purchase. Best-tier cash-out (760+ FICO, 1.25x+ DSCR, 70% LTV) at 6.45–7.25%. Cash-out is risk-priced higher because property equity is pulled out, increasing leverage. LTV cap on cash-out is usually 70-75% (vs 75-80% on purchase).

Q: What's the DSCR rate for foreign national investors?

Foreign national DSCR rates April 2026: 7.25–9.50%. No SSN required; lender qualifies on property cash flow + foreign credit reference + 12-mo bank statements + ITIN or passport. LTV typically capped 65-70% (vs 75-80% domestic). Best-tier: 7.25-7.95% for established global investors with US property track record.

Q: Are DSCR rates higher than conventional?

Yes — DSCR rates (5.95–8.50%) are ~75-150 bps higher than conventional Fannie/Freddie investor loans (5.25–7.00%) because DSCR qualifies on property cash flow rather than borrower DTI. The trade-off: DSCR has no income docs, no DTI cap, no employment verification, and allows unlimited investor properties. Conventional is rate-cheaper but caps at 10 properties + DTI restrictions.

Q: Do DSCR loans have prepayment penalties?

Most DSCR loans carry 3-5 yr step-down prepayment penalties (e.g., 5-4-3-2-1 or 3-2-1). No-prepay options exist at 50-75 bps higher rate. April 2026 example: 5/1 ARM 760 FICO at 70% LTV — 5.95% with 5-yr 5/4/3/2/1 prepay, 6.45% with 3-yr 3/2/1, 6.75% with no prepay. Long-hold rental investors choose prepay; BRRRR/flip investors avoid it.

Q: What's the minimum DSCR ratio?

Industry-standard DSCR minimum is 1.0x (rent covers PITIA). April 2026 best-rate tier requires 1.25x+. Some lenders (CoreVest, Visio, Lima One) do 'no-ratio' DSCR at 0.75x-1.0x with 25-50 bps rate add. Below 0.75x DSCR, financing requires bridge, hard-money, or value-add structure (rate 8.0%+).

Q: Who are the top DSCR lenders today?

Top active DSCR lenders April 2026: Velocity Mortgage, CoreVest Finance, Kiavi (formerly LendingHome), Visio Financial, Lima One Capital, RCN Capital, Anchor Loans, Easy Street Capital, Center Street Lending, ROC Capital. Each has different FICO floors, LTV caps, prepay structures, and property-type appetite. PeerSense matches deal profile to optimal lender across our 50+ DSCR-active relationships.

Current DSCR investor rental loan rates by FICO and DSCR ratio as of April 28, 2026. 30-yr fixed, ARM, cash-out, and foreign national pricing across Velocity, CoreVest, Kiavi, Visio, Lima One, RCN Capital, and 50+ DSCR-active lenders. Refreshed weekly.

Quick Answer

What are current DSCR loan rates as of April 28, 2026?

As of April 28, 2026, DSCR investor rental loan rates are 5.95–8.50% (30-yr fixed). Best-tier (760+ FICO, 1.25x+ DSCR, 70% LTV): 5.95–6.75%. Mid-tier 6.50–7.50%. Cash-out refi 6.45–8.95%. Foreign national 7.25–9.50%.

— PeerSense Capital Advisory · Updated April 28, 2026

DSCR Rates by Tier — April 28, 2026

As of April 28, 2026

Program	Current Rate	Term	Loan Size	Best For
DSCR Best-Tier (760+ FICO, 1.25x+ DSCR)	5.95–6.75%	30-yr fixed	$100K – $3M	Long-hold SFR + 1-4 unit, lowest pricing
DSCR Mid-Tier (700-759 FICO, 1.10-1.25x DSCR)	6.50–7.50%	30-yr fixed	$100K – $3M	Most investor purchases
DSCR Lower-Tier (660-699 FICO, 1.0-1.10x DSCR)	7.50–8.50%	30-yr fixed	$100K – $2M	New investors, marginal cash flow
DSCR Cash-Out Refi	6.45–8.95%	30-yr fixed	$100K – $3M	Equity extraction, BRRRR completion
DSCR ARM (5/1, 7/1, 10/1)	5.45–7.95%	30-yr ARM	$100K – $3M	Short-hold, refi-out strategy
DSCR Foreign National	7.25–9.50%	30-yr fixed	$150K – $2M	Non-US investor, no SSN required
DSCR Jumbo ($1M+)	6.45–8.25%	30-yr fixed	$1M – $5M	High-value SFR, luxury rentals
DSCR Airbnb / Short-Term Rental	6.95–9.25%	30-yr fixed	$150K – $2M	STR-eligible markets

DSCR Best-Tier (760+ FICO, 1.25x+ DSCR)5.95–6.75%
Term
30-yr fixed
Loan Size
$100K – $3M
Best For
Long-hold SFR + 1-4 unit, lowest pricing
DSCR Mid-Tier (700-759 FICO, 1.10-1.25x DSCR)6.50–7.50%
Term
30-yr fixed
Loan Size
$100K – $3M
Best For
Most investor purchases
DSCR Lower-Tier (660-699 FICO, 1.0-1.10x DSCR)7.50–8.50%
Term
30-yr fixed
Loan Size
$100K – $2M
Best For
New investors, marginal cash flow
DSCR Cash-Out Refi6.45–8.95%
Term
30-yr fixed
Loan Size
$100K – $3M
Best For
Equity extraction, BRRRR completion
DSCR ARM (5/1, 7/1, 10/1)5.45–7.95%
Term
30-yr ARM
Loan Size
$100K – $3M
Best For
Short-hold, refi-out strategy
DSCR Foreign National7.25–9.50%
Term
30-yr fixed
Loan Size
$150K – $2M
Best For
Non-US investor, no SSN required
DSCR Jumbo ($1M+)6.45–8.25%
Term
30-yr fixed
Loan Size
$1M – $5M
Best For
High-value SFR, luxury rentals
DSCR Airbnb / Short-Term Rental6.95–9.25%
Term
30-yr fixed
Loan Size
$150K – $2M
Best For
STR-eligible markets

Rates indicative as of April 28, 2026 across active DSCR lenders (Velocity, CoreVest, Kiavi, Visio, Lima One, RCN Capital, Anchor Loans). Pricing varies with FICO, DSCR ratio, LTV, points paid, prepay-penalty acceptance, property type, market. Base index loosely tracks 10-yr Treasury (4.25% April 2026) + 175-450 bps spread.

What Changed This Month (April 2026 vs March 2026)

DSCR floor dropped to 5.95% from 6.10% in March. Velocity, CoreVest, Kiavi, and Visio all repriced top-tier (760+ FICO, 1.25x+ DSCR) deals 10-20 bps tighter as MBS spread compression filtered through their rate sheets.
10-yr Treasury fell ~20 bps — from 4.45% (March) to 4.25% (April 28). DSCR rates loosely track Treasury + 175-450 bps spread, so the Treasury rally translated to most lenders cutting rate sheets 10-15 bps across all FICO tiers.
Cash-out refi spreads tightened — gap between purchase and cash-out narrowed from ~50 bps to ~30 bps as DSCR lenders aggressively chased volume in the refi pipeline. Best-tier cash-out 760+ FICO now 6.45% vs 6.65% in March.

How Your DSCR Rate Is Actually Calculated: Base Rate + 6 Stacking Adjustments

Most DSCR rate pages publish "6–8%" without showing the math. Here's the real decomposition every institutional DSCR rate sheet uses — generalized from active-lender pricing as of April 28, 2026. Use it to estimate your own rate before getting a quote, and to spot when a quote is mispriced versus market.

Step 1 — Base Rate: FICO × LTV Grid (5/6 ARM)

The base rate is set by the intersection of your credit score and loan-to-value. This is the "5/6 ARM, no points, $250K–$1.5M loan size, 5-year step-down prepay" baseline. Everything else adjusts off this number.

FICO ↓ / LTV →	≤55%	55–60%	60–65%	65–70%	70–75%	75–80%
760+	5.70%	5.80%	5.90%	6.00%	6.15%	6.40%
740–759	5.80%	5.90%	6.00%	6.05%	6.20%	6.45%
720–739	5.90%	6.00%	6.05%	6.15%	6.30%	6.65%
700–719	6.00%	6.05%	6.20%	6.30%	6.50%	7.00%
680–699	6.15%	6.20%	6.40%	6.50%	7.00%	N/A

Color-coded by rate band — emerald (best pricing tier), teal (strong), amber (standard), rose (highest adjustments). Below 680 FICO, expect specialty programs only with 25–50 bps additional adjustment + 65–70% LTV cap. Minimum rate floor across institutional DSCR programs is currently 6.00%.

Step 2 — Apply 6 Stacking Adjustments

The base rate from Step 1 is then adjusted by these 6 factors. Each can move your rate up or down independently — and they stack additively. A 740-FICO borrower at 75% LTV starts at 6.20% base, but a 30-yr fixed + 0% origination + $90K loan size + no-prepay + cash-out + condo can stack to 6.20 + 0.20 + 0 + 1.375 + 1.000 + 0.250 + 0.200 = **9.245%** — and most quotes don't show this breakdown.

1Rate Structure

5/6 ARM: +0.000 (cheapest)
7/6 ARM: +0.100
30-yr fixed: +0.200
Interest-only (IO): +0.250

ARM is cheaper because the lender takes less long-duration risk. 30-yr fixed is the most popular but pays ~20 bps for the fixed-rate certainty.

2Origination Fee (Points)

0% origination: +0.000
0.5%: −0.150
1%: −0.300
2%: −0.600
3%: −0.800 (cap)

Points buy down rate ~30 bps per 1% paid up front. Worth it on long-hold deals (5+ years); not worth it on flips or 12-mo holds.

3Loan Size

$2M+: +0.750 (jumbo)
$1.5M–$2M: +0.250
$250K–$1.5M: +0.000 (sweet spot)
$150K–$250K: +0.250
$100K–$150K: +0.600
$75K–$100K: +1.375 (small-loan penalty)

The small-loan penalty is the biggest hidden DSCR cost. A $90K Memphis or Detroit rental costs ~1.4% more in rate than the same FICO/LTV at $300K — meaningful for portfolio investors.

4Prepayment Penalty Structure

5/5/5/5/5 (5 yrs flat 5%): −0.250
3/3/3 (3 yrs flat 3%): −0.250
5/4/3/2/1 step-down: +0.000 (default)
3/2/1 step-down: +0.250
3/0/0 (3 yrs only): +0.500
0/0/0 (no prepay): +1.000

"No prepay" costs 1 full point in rate. Long-hold investors take 5-yr step-down for the rate discount. BRRRR / flip investors needing refi flexibility pay the no-prepay premium.

5Program Type / Use of Proceeds

Purchase: +0.000 (default)

Cash-out refi (720+ FICO): +0.250

Cash-out refi (<720 FICO): +0.375

Rate/term refi LTV >75%: +0.250

Short-term rental (Airbnb/VRBO): +0.250

Condo property: +0.200

3–4 unit property: +0.125

DSCR ≥ 1.20x (premium): −0.125

DSCR sub-1.0 (LTV ≤65%): +0.500

DSCR sub-1.0 (LTV >65%): +0.850

Adjustments stack additively. A cash-out refi on an STR condo at sub-1.0 DSCR / 70% LTV stacks +0.250 + 0.250 + 0.200 + 0.850 = +1.55% on top of base.

6Program-Wide Floors & Hard Limits

• Minimum rate floor: 6.00% (no DSCR program prices below this regardless of stacking discounts)
• Reserves: 6 months PITIA in liquid reserves, net of down payment + closing costs
• Minimum property value: $125K standard ($150K+ in some markets, $100K possible with overlays)
• 720+ FICO required for cash-out refinance on most institutional programs
• Property condition C1–C4: no deferred maintenance allowed (C5/C6 → bridge financing required first)
• State exclusions vary by lender: AK, MN, NE, NV, ND, OR, SD, UT, VT and certain others typically excluded; MS often excluded for IO programs; PA / NM / KS / OH / MD / RI have prepay restrictions
• Lease status: leased OR unleased ("rent-ready") both acceptable on most programs

Step 3 — Worked Example: Stacking the Math

Real-world example. 740 FICO investor, doing a cash-out refinance on a leased single-family rental in Indianapolis.

Deal Profile

740 FICO, 75% LTV cash-out refi
$200,000 loan size
30-yr fixed rate (no ARM)
1% origination paid at close
5-yr step-down prepay (5/4/3/2/1)
SFR (single-family rental, leased), DSCR 1.18x

Rate Stack

Base (740 FICO @ 75% LTV): 6.20%
+ 30-yr fixed adjustment: +0.200
− 1% origination credit: −0.300
+ $200K loan size adjustment: +0.250
+ 5/4/3/2/1 prepay (default): +0.000
+ Cash-out refi (720+ FICO): +0.250
Final rate: 6.60%

Counterfactuals — What Changes the Quote

• Drop to 5/6 ARM: 6.40% (−0.20)
• Pay 2% origination instead of 1%: 6.30% (−0.30)
• Use 5/5/5/5/5 prepay: 6.35% (−0.25)
• Same deal but $90K loan: 7.725% (+1.125 small-loan penalty net of size band)
• Same deal but no prepay: 7.60% (+1.000)
• Same deal but condo: 6.80% (+0.20)

The same deal — same FICO, same LTV, same property — can quote anywhere from 6.30% to 7.725% depending on which knobs the borrower turns. This is why a single rate quote is meaningless without the underlying structure. Most rate-shopping calls miss this entirely.

DSCR vs Conventional Investor Rates — April 2026

DSCR (30-yr fixed): 5.95–8.50% (no income docs, qualifies on property cash flow)
Conventional Investor (Fannie/Freddie): 5.25–7.00% (full-doc, DTI < 45%, max 10 properties)
Bank Portfolio Investor: 6.50–8.50% (relationship, recourse, full-doc)
Hard Money / Bridge: 9.50–12.50% (12-mo, asset-based, BRRRR rehab)

How to Get the Lowest DSCR Rate

Pull rate 75-100 bps tighter by stacking these signals: 760+ FICO, 1.25x+ DSCR (rent / PITIA), 70% LTV cap, 3+ years investor experience, 6+ months PITIA reserves, single-family or 2-4 unit residential, 5-yr step-down prepay (5-4-3-2-1), 1.5-2 discount points paid at close, no recent BK / foreclosure / late mortgage, primary US borrower (vs foreign national).

Where to Go Next

Full DSCR program qualification, structure, and lender match details at DSCR Loans. Niche drill-downs at DSCR Airbnb, DSCR LLC, DSCR Cash-Out, DSCR Jumbo, DSCR Foreign National. Run cash-flow numbers in the DSCR Calculator. See peer rate hubs at Commercial Lending Rates Hub.

Frequently Asked Questions — Current DSCR Rates

What are current DSCR loan rates (April 2026)?+

As of April 28, 2026, DSCR investor loan rates are 5.95–8.50% (30-yr fixed). Best-tier (760+ FICO, 1.25x+ DSCR, 70% LTV, 3+ years investor experience): 5.95–6.75%. Mid-tier (700-759 FICO, 1.10-1.25x DSCR): 6.50–7.50%. Lower tier 7.50–8.50%. Cash-out refi adds 25-50 bps; foreign national 7.25–9.50%.

What FICO score do I need for the lowest DSCR rate?+

Lowest DSCR rates (5.95% floor in April 2026) require: 760+ FICO, 1.25x+ DSCR, 70% LTV cap, 3+ years investor track record, no recent BK/foreclosure, single-family / 2-4 unit residential. Drops to 720+ FICO at 6.25-6.75%. Below 700, expect 7.0%+ pricing. Cash reserves of 6+ months PITIA reduce rate 10-25 bps.

How is a DSCR loan rate calculated?+

DSCR rate = base index + lender spread. Most DSCR lenders peg to a private rate sheet that loosely tracks 10-yr Treasury (4.25% April 2026) + 175-450 bps spread. Spread depends on FICO, DSCR ratio, LTV, points paid, prepay-penalty acceptance, property type, and investor experience. Some lenders offer 5/1, 7/1, 10/1 ARM options at 25-75 bps tighter than 30-yr fixed.

Can I get a DSCR loan with no points?+

Yes — but rate increases 50-100 bps. April 2026 example: 760 FICO, 1.25x DSCR, 70% LTV, 5-yr step-down prepay: 5.95% with 1.5 points, 6.45% with 0.5 points, 6.95% with no points. Most institutional investors choose 1-2 points for the lowest rate; flippers and short-hold investors prefer no points.

What's the DSCR rate for cash-out refinance?+

April 2026 DSCR cash-out refi rates are 6.45–8.95% — typically 25-50 bps higher than purchase. Best-tier cash-out (760+ FICO, 1.25x+ DSCR, 70% LTV) at 6.45–7.25%. Cash-out is risk-priced higher because property equity is pulled out, increasing leverage. LTV cap on cash-out is usually 70-75%.

What's the DSCR rate for foreign national investors?+

Foreign national DSCR rates April 2026: 7.25–9.50%. No SSN required; lender qualifies on property cash flow + foreign credit reference + 12-mo bank statements + ITIN or passport. LTV typically capped 65-70% (vs 75-80% domestic). Best-tier: 7.25-7.95% for established global investors with US property track record.

Are DSCR rates higher than conventional?+

Yes — DSCR rates (5.95–8.50%) are ~75-150 bps higher than conventional Fannie/Freddie investor loans (5.25–7.00%) because DSCR qualifies on property cash flow rather than borrower DTI. Trade-off: DSCR has no income docs, no DTI cap, no employment verification, and allows unlimited investor properties. Conventional is rate-cheaper but caps at 10 properties + DTI restrictions.

Do DSCR loans have prepayment penalties?+

Most DSCR loans carry 3-5 yr step-down prepayment penalties (e.g., 5-4-3-2-1 or 3-2-1). No-prepay options exist at 50-75 bps higher rate. April 2026 example: 5/1 ARM 760 FICO at 70% LTV — 5.95% with 5-yr 5/4/3/2/1 prepay, 6.45% with 3-yr 3/2/1, 6.75% with no prepay. Long-hold rental investors choose prepay; BRRRR/flip investors avoid it.

What's the minimum DSCR ratio?+

Industry-standard DSCR minimum is 1.0x (rent covers PITIA). April 2026 best-rate tier requires 1.25x+. Some lenders (CoreVest, Visio, Lima One) do 'no-ratio' DSCR at 0.75x-1.0x with 25-50 bps rate add. Below 0.75x DSCR, financing requires bridge, hard-money, or value-add structure (rate 8.0%+).

Who are the top DSCR lenders today?+

Top active DSCR lenders April 2026: Velocity Mortgage, CoreVest Finance, Kiavi (formerly LendingHome), Visio Financial, Lima One Capital, RCN Capital, Anchor Loans, Easy Street Capital, Center Street Lending, ROC Capital. Each has different FICO floors, LTV caps, prepay structures, and property-type appetite. PeerSense matches deal profile to optimal lender across our 50+ DSCR-active relationships.

Related Rate Hubs & Tools

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PeerSense covers the full commercial capital stack. Rates and structures across our money pages — updated weekly.

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5.95–8.50%

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Editorial integrity: Rates compiled by PeerSense Capital Advisory. PeerSense is a capital advisory firm, not a lender. Content is for educational purposes only. Rates and tier definitions reflect approximate April 28, 2026 conditions and may not reflect current conditions at time of reading. Specific quotes depend on full underwriting; not all borrowers qualify.