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Rates

Indiana DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 5.80%

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
  • Credit is lender underwriting
  • Best-tier from 5.80%
  • 21–30 day close

Indicative as of August 1, 2026. Not a quote. Lenders set final pricing at underwriting.

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. Credit and equity injection are lender underwriting. PeerSense does not set a FICO floor. No tax returns, W-2s, or DTI calculation required. 1–4 unit residential and 5+ unit multifamily eligible. Governed best-tier floor 5.80% from rate-floors.json.

Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated August 1, 2026.

Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.

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 DSCR math statewide. Credit and equity injection are lender underwriting.

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 DSCR, LTV, property type, and program. Credit is lender underwriting. Governed best-tier floor 5.80% from rate-floors.json as of August 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+ exists on specialty programs. Credit and equity are lender underwriting.
CreditLender underwritingPeerSense does not set a FICO floor. Capture the score on the form.
EquityLender underwritingPurchase DSCR is commonly structured around 65 to 75% LTV. PeerSense does not set a typical down.
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.

Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.

Get Indiana DSCR Loan Terms

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

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