DSCR Loans That Qualify the Property, Not Your Paycheck
Why Investors Choose Upright Lending
Your rate locked up front, and a closing you can plan around
We lock your rate when we issue terms, not at the closing table, so the number on your term sheet is the number you fund at. Standard locks run 30 days with longer options available, and we close consistently in two weeks. Put a closing date in front of a seller and mean it.
Qualify on the property, not your paycheck
Underwriting centers on debt service coverage ratio, or DSCR, using in-place or market rent. No tax returns, no employment verification, and no W-2 capping how far you can scale. We look at property performance, valuation, rental data, reserves, and credit history, and that is the whole file.
Terms that match how long you hold
30-year fixed, 30-year fixed with 10 years interest only, 5/6 ARM, and 7/6 ARM. Pick the prepayment structure that fits your plan, from none up to 5 years, and we will show you exactly what each one does to your rate.
One dedicated team across the whole portfolio
The same named people through this loan, the next refinance, and the next acquisition. They already know your assets, so you are not re-underwriting your story every time you buy.
One lender across the whole cycle
Buy it, renovate it, stabilize it, refinance it, and do it again. We underwrite the short-term loan and the DSCR takeout on the same platform.
Rates, terms, and requirements
Fix-and-Flip, New Construction & Bridge
Loan amounts
- $100,000 to $3,000,000 per property
- Up to $5,000,000 on a cross-collateralized portfolio
Products
- 30-year fixed
- 30-year fixed, 10 years interest only
- 5/6 ARM and 7/6 ARM
Leverage
- Up to 80% on purchase and rate-and-term refinance
- Up to 75% on cash-out refinance
- Reduced leverage on interest-only and unleased properties
DSCR requirements
- 0.90x minimum on long-term rentals
- 1.15x minimum on short-term rentals
- 1.15x minimum on cross-collateralized portfolios
- 1.25x minimum on 5 to 10 unit properties
Prepayment options
- Choose 0, 1, 2, 3, 4, or 5 years
- Longer terms price better, shorter terms cost you rate
- We show you the tradeoff before you pick
Property types
- Single family residences
- 2 to 4 unit residential
- Warrantable condos and townhomes
- Multifamily up to 10 units
Credit, reserve, and seasoning requirements are covered in the FAQ below and confirmed on your term sheet. We look at the whole file, and exceptions are considered on a case-by-case basis.
Rate Disclosure: Rates shown are the lowest available as of August 2026, and are subject to change. Your rate depends on credit score, experience tier, leverage, property type, market, loan size and past business with Upright Lending. All loans are subject to credit approval, valuation, and program guidelines.
How it works
The Path to Funding
Qualifying on rental income should feel simpler than qualifying on personal income. Here it does. Terms and your rate lock come first, and the deep underwrite follows.
01
Share your deal
Complete an application in under 5 minutes. Once it is in, your Borrower Portal lists exactly which documents your project type needs, so you are never guessing at a checklist. Your team reviews everything with you, step by step.
02
Terms, delivered digitally
A fast feasibility read on your application data, covering rent, expenses, and estimated value, produces a transparent term sheet with pricing, DSCR, reserve requirements, and your prepayment structure. Your rate locks here, not at the closing table.
03
Empowered Diligence
Once terms are set, your dedicated branch, who understand your business & market, review the project line-by-line. Technology handles the heavy administrative lifting so our team can focus on supporting your deal, not creating roadblocks.
04
Predictable closing
Two weeks, consistently, coordinated directly with your title and escrow team. Predictable enough to plan a portfolio around.
05
Hold and scale
We stay your long-term lender through future refinances, portfolio expansions, recapitalizations, and the next acquisition.
FAQs
What is a DSCR loan?
A debt service coverage ratio, or DSCR, loan qualifies on the property's rental income against its housing expense rather than on your personal income. If the rent covers the payment, taxes, insurance, and any association dues at the required ratio, the property qualifies. No tax returns and no employment verification are required.
What DSCR do I need?
0.90x on a long-term rental, 1.15x on a short-term rental or a cross-collateralized portfolio, and 1.25x or higher on 5 to 10 unit properties. Below 1.00x we lend at reduced leverage with additional reserves.
How do prepayment penalties work?
You choose the term: 0, 1, 2, 3, 4, or 5 years. The structure you pick moves your rate, and it moves it meaningfully. A 5-year structure prices roughly 40 to 50 basis points better than no prepayment penalty at all. If you plan to hold, take the longer term and the better rate. If you plan to sell inside two years, buy the flexibility. Some states restrict prepayment terms, and your Branch Partner will confirm what applies where your property sits.
How much can I borrow?
$100,000 to $3,000,000 on a single property and up to $5,000,000 on a cross-collateralized portfolio of properties in a single state.
What is the maximum loan to value?
Up to 80% on a purchase or rate-and-term refinance and up to 75% on a cash-out refinance. Interest-only and unleased properties carry reduced leverage, and first-time investors are reduced modestly.
How fast can you close?
Two weeks, consistently. DSCR files are document-light compared to a construction loan, so the timeline is driven by the appraisal and title rather than by underwriting. Your rate is locked when we issue terms, so a two-week close is a date you can hold a seller to.
What credit score do I need?
660 is the practical floor on a single-property loan. Portfolio loans and larger balances require more. Pricing improves at 700 and improves again at 740, so a small credit push before you apply can be worth real money over a 30-year hold.
Can I take cash out?
Yes, up to 75% of value, capped at $1,000,000 in proceeds. Cash-out is unlimited at 50% loan to value or below. The property needs some seasoning first, and files inside six months of purchase are sized off the lower of your cost basis or the appraised value.
Do you lend on short-term rentals?
On refinances, yes, with documented income and occupancy and a minimum 1.15x DSCR. Short-term rental purchases are not currently eligible.
What reserves do you require?
Typically a few months of PITIA, with more required on larger loans, lower DSCR files, and multifamily. Cash-out proceeds can be used to meet the requirement. Your team confirms the exact figure with your term sheet.
Can I finance in an LLC?
Yes, and most borrowers do. We lend to entities with a personal guarantee from the principals behind the entity.
Don't have a deal yet?
Book a call and we will walk you through what we lend on, what it costs, and what we would want to see. Bring a deal you are considering and we will tell you straight whether we would do it.