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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

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

Rental property financing for Minnesota investors qualified on property cash flow, not personal income, W-2s, or tax returns. Serving Minneapolis, Saint Paul, Rochester, Duluth and the rest of Minnesota. 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 Minnesota?

Yes. DSCR loans in Minnesota 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.

Minnesota Rental Market Snapshot

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

Median Home Price
$335K
Statewide single-family
Gross Rental Yield
5.5–8.0%
Annual rent / price
Eviction Timeline
45–60 days
mixed
Rate Adjustment
+0.125% in Saint Paul
vs national baseline

Minnesota's DSCR market is bifurcated by the Saint Paul rent-control ordinance. Minneapolis remains a strong cap-rate market with no rent cap and growing employment. Saint Paul properties require legal-rent verification and grow NOI only at the 3% cap. Greater Minnesota, Rochester (Mayo Clinic), Duluth, St. Cloud, offers higher yields with thinner deal flow.

Major Minnesota Markets We Serve

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

MetroMedian PriceGross YieldDSCR Investor Notes
Minneapolis$365K5.5–7.0%Largest MN market, Fortune 500 employment, no rent cap, deep LTR demand
Saint Paul$295K6.0–7.5%3% rent cap requires legal-rent DSCR underwriting, slower NOI growth
Rochester$305K6.5–8.0%Mayo Clinic employment anchor, healthcare-driven LTR demand
Duluth$215K7.5–9.0%Northern MN, port + university employment, higher cap rates
Minnesota investor note:Saint Paul's 2022 rent control caps annual increases at 3%, affects DSCR calculations within city limits. Minneapolis has no rent cap. State-level preemption attempts have so far failed.

Minnesota Eviction Timeline & Landlord Posture

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

Posture
mixed
Typical Timeline
45–60 days
Rent Control
Yes, see note

Minnesota requires a 14-day notice for non-payment under 2024 legislative changes (formerly 7 days). Housing Court in Ramsey/Hennepin schedules hearings within 7–14 days but settlement conferences can extend timelines.

Minnesota Rate Adjustment vs National Baseline

+0.125% in Saint Paulover national baseline pricing

Saint Paul 3% cap reduces NOI growth; Minneapolis and rest-of-state price on national 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 Minnesota

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

  • Kiavi
  • Visio Lending
  • Lima One
  • CoreVest

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

Minnesota 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 Minnesota DSCR Loan Terms

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

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