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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

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

Rental property financing for Washington investors qualified on property cash flow, not personal income, W-2s, or tax returns. Serving Seattle, Spokane, Tacoma, Bellevue and the rest of Washington. 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 Washington?

Yes. DSCR loans in Washington 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.

Washington Rental Market Snapshot

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

Median Home Price
$615K
Statewide single-family
Gross Rental Yield
3.5–6.5%
Annual rent / price
Eviction Timeline
60–120 days
tenant-friendly
Rate Adjustment
+0.125%
vs national baseline

Washington is a premium-priced jumbo DSCR market dominated by Seattle MSA tech employment. Seattle and Tacoma have just-cause non-renewal restrictions that materially slow tenant transitions. Spokane offers the deepest cap-rate alternative at 7–9% yields. Bellevue anchors premium DC-of-the-PNW LTR pricing.

Major Washington Markets We Serve

Active DSCR deal flow across Washington's core rental markets. Same DSCR math statewide. Credit and equity injection are lender underwriting.

MetroMedian PriceGross YieldDSCR Investor Notes
Seattle$845K3.5–4.5%Largest WA market, tech employment, jumbo pricing, just-cause eviction
Spokane$365K6.0–8.0%Eastern WA, medical/education employment, deep cap-rate alternative
Tacoma$465K5.0–6.5%JBLM military demand, lower entry than Seattle, just-cause eviction
Bellevue$1245K2.5–3.5%Microsoft/Amazon premium suburb, top WA schools, lowest yields
Washington investor note:Washington has no statewide rent control (preempted by RCW 35.21.830), but Seattle and Tacoma have local just-cause eviction ordinances. 2023 HB 1474 introduced statewide notice and late-fee restrictions.

Washington Eviction Timeline & Landlord Posture

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

Posture
tenant-friendly
Typical Timeline
60–120 days
Rent Control
None / preempted

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.

Washington Rate Adjustment vs National Baseline

+0.125%over national baseline pricing

Seattle just-cause ordinance and 2023 HB 1474 protections modestly increase lender loss severity assumptions.

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 Washington

The non-bank DSCR programs we see most frequently funding Washington 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 Washington deals through; specific terms vary by file.

Washington 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 Washington DSCR Loan Terms

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

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