DSCR Loans

What is a DSCR Loan?

DSCR Loans are mortgage loans secured by residential real estate turnkey properties strictly used for a business purpose and underwritten primarily based on the property

Harpoon Capital is committed to helping investors nationwide achieve financial freedom through real estate investing — from real estate investing whales with 50+ properties to relative minnow just starting out. For any and all DSCR-related questions, check out our DSCR Loans Guide.
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DSCR Loan Program Terms

Why Investors Choose Harpoon Capital

The terms listed below are what investors can expect when securing financing from Harpoon Capital. Specific DSCR Loan terms may vary deal-to-deal based on property characterisitics, investor strategy, and market conditions among other factors.

See how these terms fit your deal: run the numbers in our DSCR Loan Calculator.

Rates

Starting at 6.750%

See today's DSCR Loan Rate

Loan Amounts

$50,000 - $4,000,000

Max LTV

Up to 85.0% on Purchase and Rate-Term Refis, Up to 80.0% on Cash-Out Refis

Min DSCR

No Minimum DSCR ratio required - "no ratio" DSCR Loans available

Min FICO

600 Minimum qualifying credit score

Property Types

SFR, 2-4 Units, Condos (Warrantable/Non-Warrantable/Condotel), Multifamily (5-9 Unit), Mixed Use Available

Experience

First Time Investors and First Time Homebuyers DSCR Loans available

Strategy & Occupancy

Long-Term, Medium-Term and Short-Term Rental friendly, Vacant Property Options available (including refis)

Loan Structure

30-Year Fixed Rate or Hybrid (Fixed to ARM) Structures available, Partial Interest-Only (10 Years) available

Harpoon Capital says YES when other lenders say No

For hard-to-qualify situations, we can likely get it done, whether that’s an innovative strategy needing flexibility, like short-term rentals (counting 100% of projections) or BRRRR (no-seasoning cash-outs), a desire to push common industry limits (like less than 20% down on purchases or 80% cash-out refis), or other common dead-ends such as rural markets, small square footage or limited reserves.

85% LTV

Purchases with 15% Down

Buy with just 15% down on select programs, with true DSCR qualification. Income supplementation can help 85% STR deals pencil.

80% LTV

Cash-Out Refinances

Most DSCR lenders cap cash-outs at 75%. Select programs go to 80%, with no max on cash in hand.

No Wait

No-Seasoning Cash-Outs (BRRRR)

Refinance on appraised value without waiting out a seasoning period on select programs, and recycle capital faster.

100%

STR Projections

Qualify short-term rentals on 100% of projected income from AirDNA, the appraisal or other sources on select programs.

20 Acres

Rural Markets Friendly

Up to 80% LTV on rural purchases and rate-term refis and 75% on cash-outs, on properties up to 20 acres.

<1.00x

No-Ratio DSCR

No minimum DSCR on select programs: up to 80% LTV at 0.75x–0.99x and up to 75% LTV below 0.75x.

600 FICO

Credit-Challenged Borrowers

A 600 minimum credit score, plus options within a year of a foreclosure, short sale, DIL or bankruptcy.

Zero Reserves Option

Reserve requirements waived on loans up to $1.5M on select programs, plus flexibility on crypto, retirement and business accounts.

9 Units

Multifamily DSCR Loans

5–9 unit properties eligible, with loan amounts as low as $100K and 30-year fixed or 10-year IO options.

2 Ways

Hybrid DSCR Options

Boost qualification with personal income, or boost the DSCR ratio with liquid assets. Available for STRs too.

0 Deals

First-Time Investors

Programs for first-time investors and even first-time homebuyers, including renters. No track record needed.

20%

Recourse Flexibility

Options with one guarantor owning as little as 20% of the LLC, and no-recourse options even for majority owners.

What is a DSCR Loan?

DSCR Loan Program Terms

Why Investors Choose Harpoon Capital

Harpoon Capital says YES when other lenders say No

Purchases with 15% Down

Cash-Out Refinances

No-Seasoning Cash-Outs (BRRRR)

STR Projections

Rural Markets Friendly

No-Ratio DSCR

Credit-Challenged Borrowers

Zero Reserves Option

Multifamily DSCR Loans

Hybrid DSCR Options

First-Time Investors

Recourse Flexibility

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DSCR Loans

What is a DSCR Loan?

DSCR Loan Program Terms

Why Investors Choose Harpoon Capital

Harpoon Capital says YES when other lenders say No

Purchases with 15% Down

Cash-Out Refinances

No-Seasoning Cash-Outs (BRRRR)

STR Projections

Rural Markets Friendly

No-Ratio DSCR

Credit-Challenged Borrowers

Zero Reserves Option

Multifamily DSCR Loans

Hybrid DSCR Options

First-Time Investors

Recourse Flexibility

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