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Short-Term Rental DSCR

STR Loans

Short-Term Rental DSCR — Short-term rental investors qualifying on property cash flow

  • 85% Purchase
  • 80% Cash-Out
SCORE
640
85% Purchase
Max Loan
$3.5M
80% Cash-Out
Max LTV
85%
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Guidelines effective 2025-07-01.

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Highlights

What makes this program work

  • VeriQual-AUS™ eligible
  • 80% Cash-Out from $150K–$1.5M
  • DSCR allowed down to 0.50 (No Ratio)
  • 85% Purchase $150K–$2M
  • 80% up to $3M
  • IO payment + TIA allowed for DSCR
  • 80% Short-Term Rentals
  • 35+ states, no license required
  • Title allowed in LLC, Corp, or Trust
  • 75% Foreign National (no score)
  • 75% Condotel, Non-Warrantable Condo, Rural
  • 30 / 40 year IO & 40 year Fixed
  • Flexible guidelines with exceptions
  • Business funds / cash-out for reserves allowed
  • Gift funds allowed
  • First-time investors OK
  • No primary residence buyers
Ideal scenarios

When to reach for STR Loans

  • Short-term rental investors qualifying on property cash flow
STR Loans guidelines

Current matrix and product guide

The live STR Loans matrix is published in the TQL partner portal and updated in lock-step with what underwriting uses on every file. Open it in the portal for the full searchable experience.

Open STR Loans guidelinesAsk a senior AE
STR Loans FAQ

Common scenarios and answers

  • Short-term rental investors qualifying on property cash flow