Product Spotlight: DSCR Without the Surprises

Upright Lending's DSCR product offers competitive rates, clear guidelines, and a dedicated team that closes. Up to 80% LTV, 30-year fixed and ARM options, STR eligible, loans up to $3M.

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Upright Lending's DSCR product is built for rental investors who've done this before. Competitive rates, published guidelines, and a team that stays with your file, from term sheet to close.

You already know how DSCR works. The property qualifies on its income. What most investors don't figure out until they're three weeks into a process is what separates one DSCR lender from another.

It's not the concept. It's the execution. It's the speed.

Rate surprises at the term sheet. Guideline interpretations that shift mid-file. A handoff that means re-explaining your deal to someone new. These are the friction points that turn a straightforward rental acquisition or refinance into a costly delay.

Our DSCR product is built around three things: competitive pricing that holds, guidelines that are clear from day one, and a dedicated team that doesn't hand your file off & is compensated to move quickly.

DSCR Loan Terms

Core Parameters

Minimum DSCR: 0.75x long-term rental; 1.00x short-term rental; 1.15x crossed; 1.25x for 5–10 unit
Loan amounts: $75,000–$3,000,000 (up to $5,000,000 cross-collateralized)
Max LTV: up to 80% on purchases and rate/term refis (DSCR ≥ 1.0x, loan ≤ $1.5M)
Max cash-out: up to 75% LTV; max cash back of $1,000,000 (unlimited at or below 50% LTV)
Interest-only available up to 75% LTV
Mortgage history: no more than 1×30 in the last 12 months
Event seasoning: 36 months (BK, foreclosure, short sale)

Loan Products

30-year fixed
30-year fixed with 10-year interest-only period
5/6 ARM (2/2/5 caps, 6.00% margin)
7/6 ARM (5/2/5 caps, 6.00% margin)
7/6 ARM with 10-year interest-only period

Eligible Property Types

Single family residences
2–4 unit properties (80% purchase/R/T, 75% cash-out)
Condominiums (75% purchase/R/T, 70% cash-out)
Townhomes
Small multifamily: 5–10 units (70% purchase/R/T, 60% cash-out; min DSCR 1.25x)

Pricing That's Straightforward

Our DSCR pricing is driven by FICO, LTV, loan amount, DSCR tier, and product type; no hidden layers. The pricing is applied cleanly at lock, and your rate doesn't change because someone decided to reinterpret a guideline on day 18.

A few points worth knowing:

30-day lock is standard; the lock must extend through your closing date
Lock extensions: 5 days at 7.5 bps, 10 days at 15 bps, 15 days at 30 bps. If our delay, we'll cover it.
Loan amounts of $125,000 or less carry a $500 LLPA

Who This Is Built For

The Buy-and-Hold Investor Scaling a Portfolio

You're adding assets systematically. You need a lender who prices competitively, communicates clearly, and doesn't create calendar risk on your acquisition timeline. Our team handles the file start to finish; same people, same context, no handoffs.

The Cash-Out Refi Investor Recycling Equity

Seasoned equity sitting in stabilized rentals is deployable capital. Cash-out up to $1,000,000, or unlimited at 50% LTV or below, with a loan amount as high as 75% of the home's current value. The guidelines on timing and seasoning are published and applied consistently so you're not finding out at closing that something changed.

The STR Operator on Airbnb or VRBO

Short-term rentals are eligible on 1–4 unit properties at DSCR ≥ 1.00x. Income must be supported by a 12-month statement from bank records or platform documentation. AirDNA is an approved source. Occupancy must be at least 50% over a trailing 12 months. STR purchases are not eligible unless they pencil under long-term rents.

The Portfolio Investor Crossing Multiple Properties

Crossed collateralized structures are available for 3–10 properties in the same state, up to $5,000,000. DSCR is calculated at the portfolio level. Partial releases permitted at 120% of allocated loan amount per property. Experienced investors only.

Rent Treatment: Applied Consistently

How we calculate qualifiable rent depends on the property's lease status:

Occupied, valid long-term lease: lesser of in-place rent or market rent
Occupied, short-term lease: 12-month net income statement & AirDNA market rent; property must have a 12 month+ short-term rental history under the same owner/borrower
Vacant, purchase: market rent (long-term)
Vacant, refinance: 90% of market rent (long-term)
Month-to-month: lesser of in-place lease with 2 months payment verification, or market rent
New lease within 30 days of closing: acceptable with verified security deposit

No interpretation games. The table is the table.

Borrower and Entity Requirements

Credit: Minimum FICO 640 (lower LTV bands). Qualifying score is the lowest middle score across all guarantors. No BK, foreclosure, or short sale in the last 36 months. No 30-day lates on mortgage in the last 12 months.

Liquidity: Down payment, closing costs, and reserves sourced and seasoned 60 days. Minimum 3 months PITIA reserves; 6 months for loans over $1.5M or DSCR below 1.00x. Gifts permitted. Cash-out proceeds can satisfy reserve requirements.

Entity: LLC, LP, trust, or corporation. Full recourse personal guaranty from all material owners (25%+ interest). First-time investors eligible with a 5% LTV reduction from the published matrix.

Experienced investor: Owned 2+ properties for at least 12 months during the most recent 36-month period, at least one of which was income-producing.

Geographic Restrictions

Available in 40+ states. Current exclusions:

Ineligible cities: Baltimore, MD; Newburgh, NY; Chicago, IL; Lubbock, TX; Indianapolis, IN‍
Ineligible MSAs: Cape Coral, FL; Lehigh Acres, FL; Saint James City, FL‍
Ineligible county: Orange County, NY

How to Get a DSCR Loan Closed Faster

A) Before You Submit

Run your own DSCR before ordering the appraisal; know where you land before you're in the queue
Have lease documentation or researched long-term market rents ready
Know your annual insurance premium and property taxes; factor in property tax reassessments based on county estimates.

B) Package It Clean

Entity formation docs and operating agreement
Government-issued ID for all material owners (25%+ interest)
60 days of bank statements for liquidity
Executed lease or STR income documentation
Title company & insurance agent contact information

C) Reserves

3 months PITIA minimum
6 months if loan > $1.5M or DSCR < 1.00x
Cash-out proceeds count toward reserves

D) Lock

30-day lock standard; confirm rate and fee structure at lock. No surprises
Can lock as soon as the deposit has been paid and valuation ordered
If any changes to DSCR, credit score, LTV between lock and close, we will confirm final pricing before closing.