Arizona DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 6.25%
Rental property financing for Arizona investors qualified on property cash flow, not personal income, W-2s, or tax returns. Serving Phoenix, Tucson, Mesa, Scottsdale and the rest of Arizona. If the property cash-flows at 1.2× the mortgage, you may qualify.
- 1.2 DSCR minimum
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- 680+ FICO
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- Refi from 6.25%
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- 21–30 day close
Can I get a DSCR rental loan in Arizona?
Yes. DSCR loans in Arizona qualify investors based on property cash flow with a 1.2 DSCR minimum, 680+ FICO, and 20–25% down. No tax returns, W-2s, or DTI calculation required. 1–4 unit residential and 5+ unit multifamily eligible. Refi rates start at 6.25%.
Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated July 1, 2026.
Arizona Rental Market Snapshot
State-level data DSCR underwriters use to size Arizona rental deals.
Arizona's non-judicial foreclosure framework and surging Sun-Belt in-migration make it a top-five DSCR origination state. Phoenix MSA SFR rents grew faster than the national average through 2025, and Scottsdale's STR-permitted inventory continues to support 1.6+ DSCR ratios. Investors should note Phoenix and Tempe limit STR density in residential zones, verify local STR registration before underwriting nightly-rate income.
Major Arizona Markets We Serve
Active DSCR deal flow across Arizona's core rental markets. Same requirements (1.2 DSCR, 680+ FICO, 20–25% down) apply statewide.
| Metro | Median Price | Gross Yield | DSCR Investor Notes |
|---|---|---|---|
| Phoenix | $445K | 5.5–6.5% | Largest DSCR market in AZ, strong long-term rental demand, limited STR-permitted inventory |
| Tucson | $320K | 6.5–7.5% | Higher cap rates, university rental demand, lower entry price |
| Mesa | $415K | 5.5–6.5% | Suburban Phoenix, family-oriented LTRs, fast-growing employment |
| Scottsdale | $845K | 4.0–5.5% | Premium STR market, Old Town/North Scottsdale STRs hit 1.8–2.2 DSCR |
Arizona Eviction Timeline & Landlord Posture
How Arizona courts handle non-payment evictions, material to DSCR loss-severity assumptions.
Arizona's Residential Landlord and Tenant Act allows non-payment evictions in as few as 21 days from notice. Special detainer hearings are scheduled within 6 days of filing.
Arizona Rate Adjustment vs National Baseline
Phoenix/Scottsdale jumbo pricing tracks national baseline; non-judicial foreclosure shortens lender risk timeline.
Final pricing depends on FICO, LTV, DSCR, property type, and program. Baseline national DSCR refi rates start at 6.25% as of July 1, 2026.
DSCR Lenders Active in Arizona
The non-bank DSCR programs we see most frequently funding Arizona rental deals. PeerSense matches your scenario across this lender set rather than locking you into one.
- Kiavi
- Visio Lending
- Lima One
- CoreVest
PeerSense is independent, not a lender. Lenders listed are programs we have funded Arizona deals through; specific terms vary by file.
Arizona DSCR Loan Requirements
| Requirement | Minimum | Notes |
|---|---|---|
| DSCR | 1.20 | 1.00+ allowed with 740 FICO or 30% down |
| Credit Score | 680 FICO | 640–679 by exception, lower LTV |
| Down Payment | 20–25% | 25% if <1.2 DSCR or <700 FICO |
| Property Type | 1–4 units or multifamily | Condos, townhomes, STRs OK where legal |
| Income Docs | None | No tax returns, W-2s, DTI check |
| Reserves | 6 months PITIA | Checking, savings, stocks qualify |
| Close Time | 21–30 days | Cash-out refi: 14–21 days |
Not a commitment to lend. Rates and terms subject to underwriting. See our full DSCR loan guide for the complete program.
Get Arizona DSCR Loan Terms
DSCR Rental: Response within 24–48 hours. No obligation.
Related DSCR Resources
- DSCR Loans Hub: Programs & Rates
- DSCR Rental Loans: Full Program Guide
- DSCR for Airbnb / Short-Term Rentals
- DSCR Cash-Out Refinance
- DSCR Jumbo Loans ($1M+)
- DSCR for LLCs / Entity Title
- Best DSCR Lenders 2026
- DSCR Loans: Complete Guide
- DSCR Calculator: Test Your Property
- Fix & Flip Loans: Bridge to DSCR Exit
- Bridge Loans: Short-Term Rental Acquisition
- DSCR vs Conventional Mortgage