Co-Living DSCR Loans
Co-living is one of the fastest-growing housing models in the U.S. Most lenders won't touch it — we accept co-living leases as income verification and qualify using 1007 market rents, not personal tax returns.
Start Your ApplicationHow Co-Living DSCR Underwriting Works
Most lenders won't finance co-living properties at all — and those that do often classify the property as vacant because they don't know how to handle the lease structure. We do it differently.
Your co-living leases are accepted as rental income verification, which keeps the property classified as income-producing rather than vacant. Qualifying income is then based on the 1007 single-unit market rent appraisal — not the actual room rents — and can be grossed up if necessary. The result is a standard DSCR loan with no personal tax returns required.
Program Highlights
- Co-living leases accepted as income verification
- Qualified on 1007 market rents, not room rents
- 1007 income grossed up when applicable
- No personal tax returns required
- LLCs and entities welcome
- Available in 46 states
- Cash-out to fund your next acquisition
- Close in as few as 21 days
What Qualifies as Co-Living?
Co-living properties typically feature private bedrooms with shared common areas — kitchens, living rooms, and bathrooms. This model attracts young professionals, remote workers, and workforce housing tenants, keeping vacancy low and rents competitive.
Whether you're operating through a co-living platform, managing independently, or partnering with a property manager, we can structure financing around your actual income.
Ready to Finance Your Co-Living Portfolio?
Speak directly with Patrick Penner — Idaho's DSCR specialist with hands-on experience financing shared housing across the country.
Start Your Application