Massachusetts DSCR lender
DSCR loans in Massachusetts
Your rental qualifies the loan, not your tax return. A DSCR loan is sized on what the property earns, so write-offs on your 1040 don't count against you.
Buy, refinance or cash out on a Massachusetts rental and close in your LLC. One team prices and closes it from our office in Monroe, Connecticut.
4.9 · 450+ Google Reviews · Direct Lender · Family-Owned Since 1998 · Licensed in Massachusetts
$38.9M
In 90 bridge loans from our own fund since 2024
4.9
Average on 450+ Google reviews
Since 1998
Family-owned direct lender
NMLS #2801
Licensed in Massachusetts
At a glance
The property is the borrower
No tax returns
No W-2s, pay stubs or 1040s. The rent qualifies the loan.
660+ credit
The minimum score for our DSCR programs.
20–25% down
Typical. Stronger deals may access 15% down programs.
DSCR 1.0 and up
Some programs go to 0.75 with a larger down payment.
Close in your LLC
LLC, LP, trust or corporation. No transfer after closing.
Typically 3–4 weeks
Interest-only options for the first 5 to 10 years.
The math
How DSCR is calculated
Monthly rent divided by the full monthly payment: principal, interest, taxes, insurance and HOA.
A DSCR of 1.25 means the property earns 25% more than it costs to carry. No rent history yet? The appraiser's market rent survey (Form 1007) sets the number for a new purchase.
Example
Illustration only, not a rate quote or commitment.
How it works
From deal to closing in four steps
01
Send the property
We run the DSCR on the spot from market rents.
02
Credit and entity
We pull credit and collect LLC documents. No income documents.
03
Appraisal and rent
The appraisal confirms market rent. Short-term rentals use AirDNA or booking history.
04
Close
In your name or your entity's, typically in 3 to 4 weeks.
Local
Massachusetts rentals, from Springfield to the South Shore
Springfield, Worcester and the Pioneer Valley two- and three-families; Boston-area condos and triple-deckers; Cape and Berkshires short-term rentals. We price the deal ourselves from Monroe, CT, not a call center.
In the higher-cost Massachusetts towns, rent doesn't always cover the full payment. That's where the 0.75 DSCR programs and a larger down payment come in.
Investing in Connecticut too? See our Connecticut DSCR loans.
FAQ
DSCR loan questions
What credit score do I need for a DSCR loan in Massachusetts?
660 is the minimum for our DSCR programs. Higher scores can open lower down payment and lower DSCR options.
What DSCR ratio do I need?
Our standard programs want 1.0 or higher. Certain programs go as low as 0.75 with compensating factors like stronger credit or a larger down payment, typically 30–35%.
How much do I need to put down?
Typically 20–25%. Stronger deals may qualify for 15% down programs. We'll show you the options for your scenario.
Can I qualify without rental history?
Yes. For a new purchase, the appraiser's market rent survey (Form 1007) sets the projected rent, and we calculate DSCR from that.
Can I use a DSCR loan for a short-term rental in Massachusetts?
Yes. We accept short-term rental income from AirDNA projections or actual booking history. Check your town's short-term rental rules and registration before you buy; some Massachusetts towns restrict them.
Can I close in my LLC?
Yes. Close directly in your LLC, LP, trust or corporation. There's no transfer to arrange after closing.
Can I refinance or take cash out with a DSCR loan?
Yes. DSCR loans cover purchases, rate-and-term refinances and cash-out refinances, including refinancing out of a fix-and-flip loan once the property is leased.
Run the numbers on your next rental.
DSCR loans are for investment properties only and require 660+ credit. AFC Mortgage Group, LLC is licensed in Massachusetts. Not a commitment to lend. Programs, terms and eligibility are subject to change and to credit, property and underwriting approval. AFC Mortgage Group, LLC | NMLS #2801 | Equal Housing Lender.