A DSCR (Debt Service Coverage Ratio) loan qualifies investors based on the property's rental income relative to its total monthly debt payment, rather than personal income or W-2s. The minimum DSCR is typically 1.10 for our standard rental program.

What are the LTV limits for DSCR loans in Utah?

For 1-4 unit Utah rentals, typical maximum LTV is up to 80% for purchase or rate-and-term refinance and up to 75% for cash-out refinance, subject to credit tier and program guidelines.

Do DSCR loans work for short-term rentals (Airbnb) in Utah?

Yes. STR financing is available, typically at slightly higher rates and lower LTV. For STR refinances we generally need to see about 6 months of operating history.

Is a hard credit pull required?

We only do a hard credit pull after you have accepted an offer and the loan is in underwriting.

DSCR Loans in Utah | 30-Year Rental Financing

What Is a DSCR Loan?

DSCR stands for Debt Service Coverage Ratio. A DSCR loan qualifies a real estate investor based on the property's rental income relative to its total monthly debt payment - principal, interest, taxes, insurance, and HOA - rather than personal income, tax returns, or W-2s.

DSCR Formula

DSCR = Monthly Rental Income ÷ Monthly PITIA

A DSCR of 1.10 means the property generates 10% more income than its monthly debt service. The higher the DSCR, the stronger the deal.

For Utah investors, that's a powerful tool. You can scale a portfolio of cash-flowing properties along the Wasatch Front or in Washington County without piling up personal income documentation, debt-to-income concerns, or fannie/freddie loan limits.

MyDealLoan DSCR Program (Utah)

Criteria	Details
Loan Amount	$75,000 - $2,000,000
Max LTV (Purchase / Rate-Term)	Up to 80%
Max LTV (Cash-Out)	Up to 75%
Term	30-year fixed (interest-only ARM available)
Min DSCR	~1.10 (tiered options available)
Min Credit Score	680+
Min Property Value	$100,000+
Property Types	Single family, 2-4 units, condo, townhouse
STR Eligible	Yes (with 6+ months operating history for refis)

Qualifying Utah Properties

Eligible collateral is non-owner-occupied residential investment property. Typical DSCR-eligible Utah properties include:

Single-family rentals across Salt Lake, Davis, Weber, Utah, and Washington counties
2-4 unit small multifamily in SLC, Ogden, and Provo
Condos and townhouses in Park City, Lehi, and St. George (project warrantability rules apply)
Short-term rentals in Park City, Moab, and St. George with documented operating history

Note: Manufactured housing, mixed-use, and rural properties (MSAs under 75K population) are not eligible under our core DSCR program.

Why Utah Is a Strong DSCR Market

Utah remains one of the fastest-growing states in the country, anchored by a deep tech corridor in Lehi/Silicon Slopes, top-tier universities in Salt Lake and Provo, and a steady inbound migration that keeps rental demand healthy. Short-term rental markets in Park City, Moab, and St. George generate strong gross income relative to acquisition cost, making DSCR ratios easy to clear in many submarkets.

For long-term rental investors, low vacancy rates across the Wasatch Front and disciplined homebuilding constraints near major employment centers support sustained rent growth - exactly the conditions where 30-year fixed DSCR financing wins over short-term debt.

DSCR Loan FAQ

What DSCR is required to qualify?

Minimum DSCR is typically about 1.10 for our standard program. Some tiers based on credit score allow lower DSCR.

Do I need to provide tax returns?

No. DSCR loans are qualified on the property's cash flow, not personal income, so tax returns and W-2s are not required.

Can I do a cash-out refinance with a DSCR loan?

Yes. Cash-out refinances are available up to 75% LTV. Seasoning rules apply - if owned less than 3 months the loan cannot exceed 80% of investment cost; 3-6 months caps at 100% of cost; after 6 months no investment-cost restriction applies.

How long does a DSCR loan take to close?

Typically about 4 weeks for a single property and 5-8 weeks for portfolio loans, starting from when the file is ready for underwriting.

DSCR Loans in Utah