Finance your next rental property
Whether you are buying your first rental or adding to an existing portfolio, we match you with the right program. Conventional rates for strong W-2 borrowers. DSCR for investors who want to qualify on rental income alone. Non-QM for self-employed buyers with non-traditional income. As little as 15% down.
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Conventional vs DSCR for investment properties
The two most popular options for financing rental properties. Here is a side-by-side comparison to help you decide.
| Feature | Conventional | DSCR |
|---|---|---|
| Income docs | W-2s, tax returns, pay stubs | None -- qualify on rental income |
| Max LTV | 85% (15% down) | 80% (20% down) |
| Rate | Typically lower | Slightly higher |
| Max properties | 10 financed | Unlimited |
| PMI | Not available for investment | Not applicable |
| Best for | W-2 earners, fewer than 10 properties | Self-employed, scaling investors, 10+ properties |
Investment property down payment guide
Down payment requirements vary by loan program and property type. Here is what to expect and why.
Single-family investment properties require 15% down. Two-to-four-unit properties require 25%. These are the lowest down payment options available for investment properties and come with the most competitive rates, but require full income documentation and limit you to 10 financed properties.
Most DSCR lenders require 20-25% down. The exact requirement depends on your DSCR ratio, credit score, and property type. A DSCR of 1.25x or higher with a 740+ credit score may qualify for 20% down, while lower ratios or scores may require 25%.
Portfolio and blanket loans covering multiple properties typically require 20-30% combined equity across the pool. The higher down payment reflects the complexity of cross-collateralization and the larger total loan amount involved.
Property types we finance
Single family rental
The most common investment property type. Available through conventional, DSCR, and non-QM programs with down payments as low as 15%. Ideal for investors building a portfolio of detached homes in suburban rental markets.
Duplex, triplex, and fourplex
Multi-unit properties (2-4 units) generate higher cash flow per door and qualify for both conventional and DSCR financing. Conventional requires 25% down for 2-4 units. DSCR qualification is based on the combined rental income of all units.
Condos
We finance both warrantable and non-warrantable condos for investment purposes. Warrantable condos follow standard guidelines. Non-warrantable condos -- those with high investor concentration or pending litigation -- are available through our DSCR and non-QM programs.
Short-term rentals
Vacation rentals and Airbnb properties are eligible under select DSCR programs. Income qualification can use projected short-term rental revenue from platforms like AirDNA, which often results in higher qualifying income than long-term lease comparables.
Frequently asked questions
Ready to finance your next rental?
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