Hawaii DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 6.25%
Rental property financing for Hawaii investors qualified on property cash flow — not personal income, W-2s, or tax returns. Serving Honolulu, Hilo, Kailua-Kona and the rest of Hawaii. 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 Hawaii?
Yes. DSCR loans in Hawaii 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 May 2026.
Hawaii Rental Market Snapshot
State-level data DSCR underwriters use to size Hawaii rental deals.
Hawaii is one of the most expensive DSCR markets in the country. Honolulu medians clear $800K, with thin gross yields driven by tourist STR demand and military rental from Pearl Harbor/Hickam/Schofield. Bill 41 restricted new STR registrations to 90-day minimums in many neighborhoods — investors who purchased pre-2022 with grandfathered Type-A/B permits hold a significant DSCR advantage. Big Island (Hilo, Kailua-Kona) offers lower entry prices and a more permissive STR environment.
Major Hawaii Markets We Fund
Active DSCR deal flow across Hawaii's core rental markets. Same requirements — 1.2 DSCR, 680+ FICO, 20–25% down — apply statewide.
| Metro | Median Price | Gross Yield | DSCR Investor Notes |
|---|---|---|---|
| Honolulu | $925K | 3.0–4.5% | Largest HI market — military + tourism + jumbo pricing, restricted new STR registrations |
| Hilo | $465K | 5.0–6.5% | Big Island east — lower entry, university and government employment base |
| Kailua-Kona | $695K | 4.5–6.0% | Big Island west — vacation rental demand, more STR-permissive than Oahu |
Hawaii Eviction Timeline & Landlord Posture
How Hawaii courts handle non-payment evictions — material to DSCR loss-severity assumptions.
Hawaii requires a 5-day notice for non-payment under HRS 521. District Court schedules ejectment hearings 30–45 days after filing; appeals can extend final-keys to 4 months.
Hawaii Rate Adjustment vs National Baseline
High-priced jumbo concentration, STR-rule volatility (Bill 41), and longer judicial timelines push lender pricing above national baseline.
Final pricing depends on FICO, LTV, DSCR, property type, and program. Baseline national DSCR refi rates start at 6.25% as of May 2026.
DSCR Lenders Active in Hawaii
The non-bank DSCR programs we see most frequently funding Hawaii rental deals. PeerSense matches your scenario across this lender set rather than locking you into one.
- Velocity Mortgage Capital
- CoreVest
- Visio Lending
- Lima One
PeerSense is independent — not a lender. Lenders listed are programs we have funded Hawaii deals through; specific terms vary by file.
Hawaii 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 Hawaii DSCR Loan Terms
DSCR Rental — Response within 4 business 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