Refinance Your Rental Property — No Income Verification
Lower your rate or pull cash-out equity from your investment property using DSCR underwriting. No W-2s, no tax returns, no DTI ceiling.
Start Your RefiLower Your Rate or Fix Your Term
If you bought with a hard money loan, a bridge loan, or a high-rate DSCR from 2022–2023, a rate-and-term refinance into today's pricing can meaningfully improve your monthly cash flow — without pulling out equity or resetting your amortization clock.
- Move from ARM to 30-year fixed
- Exit hard money or bridge financing
- Drop PMI by reaching 80% LTV
- Extend to 40-year amortization for cash flow
Pull Equity to Fund Your Next Deal
Appreciated properties are sitting on untapped capital. A DSCR cash-out refinance lets you extract that equity as a lump sum — tax-free since it's a loan, not income — and redeploy it into your next acquisition without selling.
- Up to 75–80% LTV cash-out
- No limit on number of cash-outs
- Works on long-term rentals and Airbnb
- Funds available within 21–30 days
How DSCR Refinance Qualification Works
DSCR refinances qualify exactly like DSCR purchases — on the property's numbers, not yours. The lender calculates whether the monthly rent covers the new loan's PITIA (principal, interest, taxes, insurance, and HOA). If it does, you qualify. Your personal income, employment history, and tax returns are not part of the equation.
For investors with significant write-offs, multiple LLCs, or complex income structures, this is the cleanest path to accessing equity. There's no need to document business income, justify depreciation, or explain why your adjusted gross income looks low.
Refinance Loan Parameters
Who Uses DSCR Refinances
- Investors who bought with hard money or bridge loans — Hard money rates are typically 10–13%. Refinancing into a 30-year DSCR immediately improves cash flow and stabilizes the property long-term.
- Investors sitting on appreciated equity — Idaho markets have seen significant appreciation. A DSCR cash-out refi lets you access that equity without selling — tax-free — and deploy it into the next deal.
- STR / Airbnb operators — Short-term rentals often generate far more income than long-term rentals, giving them high DSCRs that unlock aggressive cash-out positions. We use 12-month platform revenue or AirDNA projections to qualify.
- Investors with LLC-held properties — DSCR lenders close directly in LLCs and trusts. If you hold property personally and want to move it into an entity without triggering due-on-sale, ask Patrick about the best path.
Run your numbers through the DSCR calculator to see your ratio at the new loan amount before you apply.
Frequently Asked Questions
Ready to refinance your rental property?
Patrick Penner specializes in DSCR refinances for rental and short-term rental investors in Idaho and across 46 states. No credit pull to get started.