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✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026
Rates

Indiana DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 6.25%

Rental property financing for Indiana investors qualified on property cash flow, not personal income, W-2s, or tax returns. Serving Indianapolis, Fort Wayne, Evansville, South Bend and the rest of Indiana. If the property cash-flows at 1.2× the mortgage, you may qualify.

  • 1.2 DSCR minimum
  • 680+ FICO
  • Refi from 6.25%
  • 21–30 day close
See If You QualifyCalculate Your DSCR

Can I get a DSCR rental loan in Indiana?

Yes. DSCR loans in Indiana 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.

Indiana Rental Market Snapshot

State-level data DSCR underwriters use to size Indiana rental deals.

Median Home Price
$235K
Statewide single-family
Gross Rental Yield
8.0–10.5%
Annual rent / price
Eviction Timeline
30–60 days
landlord-friendly
Rate Adjustment
neutral
vs national baseline

Indiana is a textbook cap-rate state: median SFR prices below $250K, gross yields routinely 8–10%, landlord-friendly courts. Indianapolis is the deepest DSCR market, institutional buyers, BRRRR investors, and turn-key operators all compete here. Fort Wayne and Evansville offer even higher yields with thinner deal flow. Investors typically clear 1.4+ DSCR with relative ease, which means many IN deals qualify for the lower-rate tier.

Major Indiana Markets We Serve

Active DSCR deal flow across Indiana's core rental markets. Same requirements (1.2 DSCR, 680+ FICO, 20–25% down) apply statewide.

MetroMedian PriceGross YieldDSCR Investor Notes
Indianapolis$245K8.0–10.0%Largest Midwest BRRRR market, strong LTR demand, deep contractor network
Fort Wayne$195K9.0–11.0%Highest gross yields in IN, manufacturing employment base
Evansville$165K9.5–11.5%Lowest entry price in IN, university rental demand from USI/UE
South Bend$175K9.0–11.0%Notre Dame area, off-campus student housing demand
Indiana investor note:Indiana has no statewide rent control and is one of the highest cap-rate DSCR markets in the country. Indianapolis SFR portfolios routinely qualify at 1.4–1.6 DSCR.

Indiana Eviction Timeline & Landlord Posture

How Indiana courts handle non-payment evictions, material to DSCR loss-severity assumptions.

Posture
landlord-friendly
Typical Timeline
30–60 days
Rent Control
None / preempted

Indiana allows a 10-day notice for non-payment. Small claims process in Marion County (Indianapolis) typically resolves in 4–8 weeks. No statewide just-cause requirement.

Indiana Rate Adjustment vs National Baseline

neutralover national baseline pricing

Lower median home values keep loans below jumbo thresholds, DSCR pricing tracks Fannie/Freddie non-QM curves.

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 Indiana

The non-bank DSCR programs we see most frequently funding Indiana rental deals. PeerSense matches your scenario across this lender set rather than locking you into one.

  • Kiavi
  • Visio Lending
  • Lima One
  • RCN Capital
  • Easy Street Capital

PeerSense is independent, not a lender. Lenders listed are programs we have funded Indiana deals through; specific terms vary by file.

Indiana DSCR Loan Requirements

RequirementMinimumNotes
DSCR1.201.00+ allowed with 740 FICO or 30% down
Credit Score680 FICO640–679 by exception, lower LTV
Down Payment20–25%25% if <1.2 DSCR or <700 FICO
Property Type1–4 units or multifamilyCondos, townhomes, STRs OK where legal
Income DocsNoneNo tax returns, W-2s, DTI check
Reserves6 months PITIAChecking, savings, stocks qualify
Close Time21–30 daysCash-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 Indiana DSCR Loan Terms

DSCR Rental: Response within 24–48 hours. No obligation.

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