DSCR loans for Long Island real estate investors.
DSCR loans qualify investment properties based on the rental income they generate, not your personal income or tax returns. Coltrain Mortgage helps investors across Long Island and New York finance and refinance single-family rentals, 2-4 unit properties, condos, and other investment properties.
- No Tax Returns Required
- Qualify Using Rental Income
- Purchase or Refinance
- Portfolio Growth Friendly
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A mortgage that qualifies the property, not your paycheck
DSCR stands for Debt Service Coverage Ratio. Instead of reviewing your personal income and tax returns, a DSCR loan compares the property's rental income to its monthly housing payment - if the property generates enough income to cover the payment, it may qualify.
Try it with your own numbers
Plug in a property you're looking at and see the DSCR come out live.
Estimate only, for illustration - actual qualifying DSCR depends on the specific lender and loan program.
No personal income verification
No tax returns, W-2s, or pay stubs - the property's cash flow is the main factor.
Built for investment properties
Structured specifically for rental purchases and refinances, not primary residences.
Scalable for portfolio growth
Qualify property by property instead of running into personal debt-to-income limits.
Purchase or refinance
Options for buying a new rental, refinancing an existing one, or a cash-out refinance.
Have a property in mind? Let's run the DSCR math.
What kinds of properties qualify
Single-Family Rentals
Standalone rental homes are the most common property type financed with DSCR loans.
2-4 Unit Properties
Small multi-family properties, evaluated on their combined rental income.
Condos & Townhomes
Condominium and townhome investment properties, where eligible.
Long-Term Rentals
Properties held for ongoing rental income and long-term portfolio growth.
Existing Investment Property
Rate-and-term or cash-out refinance on a rental property you already own.
Multiple Properties
Investors expanding a portfolio one property at a time, each qualified on its own merits.
From application to closing
Tell us about the property
Share the rental income and estimated payment so we can run the DSCR math.
We check the ratio
We compare rental income to the property's payment to find the right program fit.
Property-based underwriting
Your file is built around the property's cash flow, not personal income documentation.
Close and keep growing
Close on the property and move on to the next one in your portfolio.
The property qualifies. You don't have to.
Real estate investors often write off a large portion of their income, own multiple properties, or are self-employed with complex tax returns - all things that can make personal-income underwriting difficult, even when the investment itself is a strong one. DSCR financing sidesteps that entirely by focusing on whether the property supports its own payment.
DSCR loan questions, answered
What does DSCR stand for?+
DSCR stands for Debt Service Coverage Ratio. It measures whether a property's rental income is enough to cover the monthly housing payment.
Do DSCR loans require tax returns?+
Many DSCR loan programs are designed so that the property's cash flow is the main factor, which can reduce or eliminate the need for full traditional income documentation. Exact requirements vary by lender.
Can I use a DSCR loan to buy an investment property in New York?+
Yes. DSCR loans are commonly used by investors purchasing rental properties in Long Island and throughout New York, subject to lender guidelines and property eligibility.
What is a good DSCR ratio?+
A ratio of 1.00 or higher means the rental income fully covers the payment, which qualifies with the widest range of lenders. That said, Coltrain also works with DSCR programs built for ratios under 1.00, including interest-only and no-ratio options, so a lower number doesn't rule you out.
Can I refinance an investment property with a DSCR loan?+
Many lenders offer DSCR refinance options, including rate and term refinances and cash-out refinances for eligible investment properties.
Are DSCR loans only for experienced investors?+
Not always. Some programs may be available to first-time investors, while others may favor borrowers with prior investment property experience.
Related loan programs
Talk with a DSCR loan expert at Coltrain Mortgage.
No pressure, no obligation - just a clear answer from a local loan officer.