Question 1

What is the minimum DSCR required for a rental loan in Washington?

Accepted Answer

1.2 DSCR is the standard minimum for Washington rental loans, with 680+ FICO and 20–25% down. Some lenders allow 1.0–1.19 DSCR with compensating factors: 740+ credit score or 25–30% down. Below 1.0 DSCR is declined.

Question 2

Do Washington DSCR loans require tax returns?

Accepted Answer

No. DSCR loans in Washington qualify you based on the property's rental income only. No personal or business tax returns, W-2s, pay stubs, or 1099s are required. See the full requirements on our DSCR hub page.

Question 3

Can I use Airbnb or vacation rental income to qualify in Washington?

Accepted Answer

Yes. We use the greater of your 12-month gross Airbnb/VRBO payouts or an AirDNA market STR analysis, provided the property is legally rentable as a short-term rental under Washington and local ordinances. STRs often hit 1.6+ DSCR due to higher nightly rates.

Question 4

What credit score do I need for a DSCR loan in Washington?

Accepted Answer

680+ FICO is the standard minimum for Washington DSCR loans. 640–679 may qualify by exception with lower LTV (65–70%) or higher DSCR (1.25+). We pull a tri-merge credit report but do not calculate DTI, so credit card balances and car loans are ignored.

Question 5

How fast can a DSCR loan close in Washington?

Accepted Answer

Washington purchase DSCR loans typically close in 21–30 days. Cash-out refinances close in 14–21 days once the appraisal and title are complete. Closings in rent-controlled jurisdictions may add 3–5 days for lease verification.

Question 6

Can an LLC get a DSCR loan in Washington?

Accepted Answer

Yes. LLCs and corporations registered in Washington (or any state, with foreign entity registration where required) can take title to DSCR loans. All 25%+ members must provide a personal guarantee and credit check. This keeps the loan off your personal credit.

Question 7

What metros are best for DSCR investing in Washington?

Accepted Answer

Washington's top DSCR investing metros are Seattle, Spokane, Tacoma, Bellevue. Seattle is the deepest market with median home prices around $845K and 3.5–4.5% gross rental yields. Higher-yield alternatives like Bellevue (2.5–3.5%) trade lower entry price for thinner deal flow.

Question 8

Which lenders fund DSCR loans in Washington?

Accepted Answer

Non-bank DSCR programs that frequently fund Washington deals include Kiavi, Visio Lending, Lima One, Velocity Mortgage Capital, CoreVest. PeerSense matches your scenario across this lender set rather than locking you into a single program — terms vary by FICO, LTV, DSCR, property type, and entity structure.

Question 9

What is the DSCR loan rate in Washington?

Accepted Answer

Washington DSCR refinance rates start at 6.25% as of May 2026 with a typical state-specific adjustment of +0.125% versus national baseline pricing. Seattle just-cause ordinance and 2023 HB 1474 protections modestly increase lender loss severity assumptions. Final pricing depends on FICO, LTV, DSCR, and property type.

Question 10

How long do evictions take in Washington?

Accepted Answer

Washington non-payment evictions typically run 60–120 days from notice to keys. Washington requires a 14-day notice for non-payment under 2019 RCW 59.18 amendments. Seattle Eviction Reform Initiative (just-cause for non-renewal) materially slows tenant transitions. King County Superior Court calendars routinely 30–60 days out. DSCR underwriters factor this into reserve and loss-severity assumptions.

Metro	Median Price	Gross Yield	DSCR Investor Notes
Seattle	$845K	3.5–4.5%	Largest WA market — tech employment, jumbo pricing, just-cause eviction
Spokane	$365K	6.0–8.0%	Eastern WA — medical/education employment, deep cap-rate alternative
Tacoma	$465K	5.0–6.5%	JBLM military demand, lower entry than Seattle, just-cause eviction
Bellevue	$1245K	2.5–3.5%	Microsoft/Amazon premium suburb — top WA schools, lowest yields

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

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

Can I get a DSCR rental loan in Washington?

Washington Rental Market Snapshot

Major Washington Markets We Fund

Washington Eviction Timeline & Landlord Posture

Washington Rate Adjustment vs National Baseline

DSCR Lenders Active in Washington

Washington DSCR Loan Requirements

Get Washington DSCR Loan Terms

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