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
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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 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 May 2026.
Indiana Rental Market Snapshot
State-level data DSCR underwriters use to size Indiana rental deals.
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 Fund
Active DSCR deal flow across Indiana's core rental markets. Same requirements — 1.2 DSCR, 680+ FICO, 20–25% down — apply statewide.
| Metro | Median Price | Gross Yield | DSCR Investor Notes |
|---|---|---|---|
| Indianapolis | $245K | 8.0–10.0% | Largest Midwest BRRRR market — strong LTR demand, deep contractor network |
| Fort Wayne | $195K | 9.0–11.0% | Highest gross yields in IN, manufacturing employment base |
| Evansville | $165K | 9.5–11.5% | Lowest entry price in IN, university rental demand from USI/UE |
| South Bend | $175K | 9.0–11.0% | Notre Dame area, off-campus student housing demand |
Indiana Eviction Timeline & Landlord Posture
How Indiana courts handle non-payment evictions — material to DSCR loss-severity assumptions.
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
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 May 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
| 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 Indiana 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