Short-term rental purchase
Buy a cabin, condo or vacation home and qualify on its projected or documented booking income.
Short-term rental financing
DSCR loans built for short-term rental investors. You qualify on what the property earns, not on your tax returns.
How DSCR works
DSCR stands for debt service coverage ratio. It compares what the property brings in each month with what it costs to carry. Your personal income and tax returns stay out of it.
The property comfortably covers its own payment. Strong ratios generally earn the best terms.
Income covers the payment. Many programs work in this range.
Income falls short of the payment. Options are narrower and usually need more money down.
DSCR calculator
Change any number and the ratio updates instantly. Nothing you type here is saved or sent anywhere.
What moves the ratio
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Enter an interest rate to see your DSCR.
Estimates for illustration only. The rate shown is an example you can change, not a quoted or available rate, and this is not a loan offer. Lenders may count short-term rental income differently, for example by using a market rent report or applying an expense factor.
Loan options
Buy a cabin, condo or vacation home and qualify on its projected or documented booking income.
Pull equity out of a rental you already own to fund the next purchase or pay for upgrades.
Replace a hard-money, bridge or older loan with long-term financing that fits the property.
The same income-based approach for 12-month leases, traveling-nurse stays and small multifamily.
Options for self-employed investors whose tax returns do not show the full picture.
Financing for investors who are building a rental rather than buying one.
Rooted in the Smoky Mountains. Sevierville, Pigeon Forge and Gatlinburg are home, and we lend in short-term rental markets nationwide.
The process
Answer a few questions about the property. It takes about a minute and does not pull your credit.
Scott builds a pricing scenario for your deal and walks you through the options.
We collect what the loan needs and order the appraisal and rental income analysis.
Sign and fund, in your own name or your LLC. Then start taking bookings.
Your team
Investment loans move fast and have a lot of moving parts. You get direct lines to the people handling your file, from the first scenario through closing.
Questions
No. A DSCR loan qualifies on the property's rental income. Expect to provide ID, bank statements showing your down payment and reserves, and documents for the property itself.
Often, yes. Many programs accept a market rent report or short-term rental analysis for a purchase. If the property already has booking history, that can be used as well. Which method applies depends on the program.
Most investors put down between 15% and 25%. The right number depends on your credit, the property type and how strong the DSCR is. Putting more down improves the ratio and usually the terms.
Yes. DSCR loans are business-purpose loans, and closing in an LLC is common. You can also close in your personal name.
Not necessarily. Some programs are open to first-time investors and some ask for experience. Tell us where you are and we will point you to the ones that fit.
Many DSCR loans include one, and you usually get to choose the structure. A longer prepayment period generally means a better rate, so the right choice depends on how long you plan to keep the loan.
Business-purpose investment loans, including DSCR, are available nationwide. We are based in East Tennessee and do a large share of our work in the Smoky Mountains. Loans on a primary residence or second home are available in the states where Scott is licensed. Outside those states, Scott can introduce you to a Movement Mortgage loan officer who is licensed there.
Run the numbers in about a minute, or grab a time to talk it through.