Can you get a DSCR loan on a property before its rented?

[Yael Maroko]

Hi,

Can I get a DSCR loan on an investment property at the time that I'm buying it even before its rented?

Lets say its an easy rehab and its vacant, the ARV won't be that much higher than the price I will pay at closing, will a lender give a 75% DSCR loan? (or maybe its a different type of loan?) With no seasoning? Will they take an average rent in the area to calculate DTI?

[Ravi Punn]

Quote from @Yael Maroko:

That's what I want to avoid.. I want to have the loan at the closing. The down payment will be y own cash

Absolutely — great question, and one I get all the time.

Yes, you can get a DSCR loan on a vacant property. If the rehab is light and the property is close to rent-ready, many lenders will use market rent comps (via Form 1007 or STR1007) to underwrite — no lease required, and no seasoning needed.

If it still needs work, you may need a short-term bridge loan first and then refi into a DSCR once stabilized. But if it's clean and rentable, 75% LTV is definitely doable with the right FICO and DSCR.

We recently closed one just like this — vacant duplex, no tenants, closed in under 2 weeks using projected rents.

Happy to take a look at your deal structure if you want a second opinion — just shoot me a message.

— Ravi Punn

Easy Street Capital | DSCR & Bridge Lending Nationwide