Multifamily DSCR
5+ unit financing — without income docs
Most agency programs (Fannie, Freddie, FHA) stop at 4 units. Our DSCR multifamily program keeps going — 5, 6, 8, 10+ units — all qualified on rental income alone.
5–10+
Units financed under one loan
$5M
Maximum loan size
75%
Max LTV on purchase
LLC
Vesting & portfolio strategy welcome
Why DSCR beats conventional for 5+ units
Once a property crosses the 5-unit line, it's no longer "residential" by agency standards. Most banks send you to a commercial desk — and that means full income verification, global cash-flow analysis, recourse, balloon payments, and 60–90 day closes.
Our DSCR multifamily program treats 5+ units like an investment loan should be treated: qualify on the rent roll, close in your LLC, get 30-year amortization, and skip the tax returns.
Traditional commercial loan
- Full tax returns (2–3 years)
- Global cash-flow underwriting
- 5/10/15-year balloons
- Often recourse
- 60–90 day close
- Heavy financial covenants
DSCR 5+ unit loan
- No tax returns, no W-2s
- Qualify on the property's rent
- 30-year fixed available
- Non-recourse options
- 21–35 day close
- Simple, investor-friendly docs
Eligible 5+ unit scenarios
- 5–10 unit small multifamily (purchase)
- Cash-out refinance on stabilized buildings
- Rate-and-term refi out of a balloon
- Mixed-use (commercial bottom, residential top)
- Section 8 / voucher tenants OK
- Short-term rental small multifamily
- Portfolio loan across multiple buildings
- Vesting in LLC, LP, or corporation
Typical 5+ unit DSCR terms
| Loan size | $250k – $5M+ |
|---|---|
| Term | 30-year fixed, 5/7/10-year ARM, IO options |
| LTV — Purchase | Up to 75% |
| LTV — Cash-out refi | Up to 70% |
| Min DSCR | 1.00–1.20 (program dependent) |
| Credit | 660+ recommended |
| Reserves | 6 months PITIA typical |
| Recourse | Recourse or non-recourse options |
Have a 5+ unit deal under contract?
Send the rent roll and purchase price. We'll come back with terms — usually same day.
Get Multifamily DSCR Terms