Massachusetts DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 6.25%
Rental property financing for Massachusetts investors qualified on property cash flow — not personal income, W-2s, or tax returns. Serving Boston, Worcester, Springfield, Cambridge and the rest of Massachusetts. 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 Massachusetts?
Yes. DSCR loans in Massachusetts 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.
Massachusetts Rental Market Snapshot
State-level data DSCR underwriters use to size Massachusetts rental deals.
Massachusetts is a premium, regulation-heavy DSCR market. Greater Boston jumbo pricing dominates, with gross yields routinely 3–4.5%. Worcester and Springfield offer higher cap rates with deeper triplex/multi-family inventory. Housing Court timelines and tenant-friendly cure provisions make MA defaults expensive — most DSCR investors size reserves for 4–6 months of vacancy.
Major Massachusetts Markets We Fund
Active DSCR deal flow across Massachusetts's core rental markets. Same requirements — 1.2 DSCR, 680+ FICO, 20–25% down — apply statewide.
| Metro | Median Price | Gross Yield | DSCR Investor Notes |
|---|---|---|---|
| Boston | $825K | 3.0–4.0% | Largest MA market — tech/medical/education employment, jumbo LTR pricing |
| Worcester | $395K | 5.0–6.5% | Higher cap rate alternative, deep multifamily/triplex inventory |
| Springfield | $295K | 6.0–7.5% | Western MA — lowest entry price in major metros, MGM casino employment |
| Cambridge | $1145K | 2.5–3.5% | MIT/Harvard demand, lowest yields in MA, pre-1994 rent stabilization on some buildings |
Massachusetts Eviction Timeline & Landlord Posture
How Massachusetts courts handle non-payment evictions — material to DSCR loss-severity assumptions.
Massachusetts requires a 14-day notice to quit for non-payment plus a 'cure period' offering tenants a chance to pay before judgment. Housing Court calendars in Boston and Worcester are routinely 60–90 days out.
Massachusetts Rate Adjustment vs National Baseline
Slow Housing Court calendar, tenant-friendly cure provisions, and judicial foreclosure all increase lender loss severity assumptions.
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 Massachusetts
The non-bank DSCR programs we see most frequently funding Massachusetts rental deals. PeerSense matches your scenario across this lender set rather than locking you into one.
- Velocity Mortgage Capital
- CoreVest
- LendingOne
- Visio Lending
- Park Place Finance
PeerSense is independent — not a lender. Lenders listed are programs we have funded Massachusetts deals through; specific terms vary by file.
Massachusetts 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 Massachusetts DSCR Loan Terms
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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