Montana DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 6.25%
Rental property financing for Montana investors qualified on property cash flow, not personal income, W-2s, or tax returns. Serving Billings, Missoula, Great Falls, Bozeman and the rest of Montana. 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 Montana?
Yes. DSCR loans in Montana 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.
Montana Rental Market Snapshot
State-level data DSCR underwriters use to size Montana rental deals.
Montana's DSCR market is anchored by Billings (industrial/medical) at the high cap rate end and Bozeman (Yellowstone Club + MSU) at the premium-pricing end. Missoula and Great Falls offer middle-ground LTR demand. Mountain-resort STR (Whitefish, Big Sky) produces strong DSCR with seasonal vacancy modeling required.
Major Montana Markets We Serve
Active DSCR deal flow across Montana's core rental markets. Same requirements (1.2 DSCR, 680+ FICO, 20–25% down) apply statewide.
| Metro | Median Price | Gross Yield | DSCR Investor Notes |
|---|---|---|---|
| Billings | $335K | 6.0–7.5% | Largest MT market, energy/medical employment, BRRRR-friendly stock |
| Missoula | $425K | 5.0–6.0% | University of Montana + healthcare, premium LTR pricing |
| Great Falls | $265K | 7.0–8.5% | Malmstrom AFB military demand, lowest entry price in major MT metros |
| Bozeman | $695K | 3.5–5.0% | MSU + Yellowstone gateway, premium pricing, thinner LTR yields, strong STR |
Montana Eviction Timeline & Landlord Posture
How Montana courts handle non-payment evictions, material to DSCR loss-severity assumptions.
Montana requires a 3-day notice for non-payment. District court eviction hearings typically resolve within 14–21 days of filing.
Montana Rate Adjustment vs National Baseline
Smaller, less-liquid market means modest lender premium; mountain-resort markets price additional STR volatility.
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 Montana
The non-bank DSCR programs we see most frequently funding Montana rental deals. PeerSense matches your scenario across this lender set rather than locking you into one.
- Kiavi
- Visio Lending
- Lima One
PeerSense is independent, not a lender. Lenders listed are programs we have funded Montana deals through; specific terms vary by file.
Montana 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 Montana DSCR Loan Terms
DSCR Rental: Response within 24–48 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