The short-term rental market continues to grow, creating new income opportunities for real estate investors nationwide. We’re helping Michigan investors capitalize on this booming segment with our DSCR Investor Loans, designed explicitly for properties listed on platforms like Airbnb, VRBO, VACASA, and others.
Financing for Modern Investors
By using the Debt Service Coverage Ratio (DSCR), which compares the property’s gross income to its PITIA or ITIA payment, investors can access funding quickly and efficiently for purchase, refinance, or cash-out scenarios.
Program at a Glance
- Eligible Uses: Purchase, Rate & Term Refinance, or Cash-Out
- DSCR Calculation: Gross Income ÷ PITIA/ITIA (Interest-Only Options Available)
- Maximum Loan Amount: Up to $3,500,000
- Property Types: 1–4 Family Homes and Condominiums
- LTV Limits: Up to 80% for Purchase or Rate & Term, 70% for Cash-Out
- Minimum Credit Score: 620
- Business Purpose Loans Available (Broker license may not be required—see matrix)
- Gift Funds Allowed
- No Limit on Financed Properties
- Leasehold Properties Eligible (excluding condos)
DSCR Loans for Short-Term Rentals
Our Michigan DSCR mortgage program focuses on rental revenue performance rather than tax returns or employment history. It’s perfect for our clients who manage a single Airbnb or a portfolio of vacation rentals, this loan provides financing.
Reach out, and we’ll connect you with a loan officer who knows his DSCR loan products.
