DSCR Loans by State
DSCR loans are business-purpose investment property loans qualified on the rental income a property produces — not on your personal income. In most states, a state mortgage license is generally not required for that kind of loan, which is why investors can finance rentals across much of the country.
Select your state below to see how DSCR qualification works there, the licensing status, and answers to the questions investors ask most often.
- Coast to Coast Coverage
- No Personal Income Verification
- Long-Term and Short-Term Rentals
- LLC and Entity Vesting Available
DSCR Loan Availability & Licensing by State
The statuses below describe general business-purpose lending conditions for investment property loans. They are general information, not legal advice, and requirements can change — confirm the details for your scenario before you buy.
| State | DSCR / Business-Purpose Licensing | State Guide |
|---|---|---|
| Alabama | Generally no mortgage license | DSCR Loans in Alabama |
| Arizona | Licensed — Momentum Mortgage Group is a licensed AZ mortgage broker | DSCR Loans in Arizona |
| Arkansas | Generally no mortgage license | DSCR Loans in Arkansas |
| Colorado | Generally no mortgage license | DSCR Loans in Colorado |
| Connecticut | Generally no mortgage license | DSCR Loans in Connecticut |
| Delaware | Generally no mortgage license | DSCR Loans in Delaware |
| Florida | Generally no mortgage license* | DSCR Loans in Florida |
| Georgia | Generally no mortgage license* | DSCR Loans in Georgia |
| Hawaii | Generally no mortgage license | DSCR Loans in Hawaii |
| Illinois | Generally no mortgage license | DSCR Loans in Illinois |
| Indiana | Generally no mortgage license | DSCR Loans in Indiana |
| Iowa | Conditions apply | DSCR Loans in Iowa |
| Kansas | Conditions apply | DSCR Loans in Kansas |
| Kentucky | Generally no mortgage license | DSCR Loans in Kentucky |
| Louisiana | Generally no mortgage license | DSCR Loans in Louisiana |
| Maine | Generally no mortgage license | DSCR Loans in Maine |
| Maryland | Generally no mortgage license | DSCR Loans in Maryland |
| Massachusetts | Generally no mortgage license | DSCR Loans in Massachusetts |
| Mississippi | Generally no mortgage license | DSCR Loans in Mississippi |
| Missouri | Generally no mortgage license | DSCR Loans in Missouri |
| Nebraska | Generally no mortgage license | DSCR Loans in Nebraska |
| New Hampshire | Generally no mortgage license | DSCR Loans in New Hampshire |
| New Jersey | Business-purpose attestation may be required | DSCR Loans in New Jersey |
| New Mexico | Generally no mortgage license | DSCR Loans in New Mexico |
| New York | Business-purpose attestation may be required | DSCR Loans in New York |
| Ohio | Generally no mortgage license | DSCR Loans in Ohio |
| Oklahoma | Generally no mortgage license | DSCR Loans in Oklahoma |
| Pennsylvania | Generally no mortgage license | DSCR Loans in Pennsylvania |
| Rhode Island | Generally no mortgage license | DSCR Loans in Rhode Island |
| South Carolina | Generally no mortgage license | DSCR Loans in South Carolina |
| Tennessee | Special rate/registration considerations | DSCR Loans in Tennessee |
| Texas | Generally no mortgage license | DSCR Loans in Texas |
| Virginia | Generally no mortgage license | DSCR Loans in Virginia |
| Washington | Conditions apply | DSCR Loans in Washington |
| West Virginia | Generally no mortgage license | DSCR Loans in West Virginia |
| Wisconsin | Generally no mortgage license | DSCR Loans in Wisconsin |
| Wyoming | Generally no mortgage license | DSCR Loans in Wyoming |
* Additional documentation may be requested to confirm the loan is for business purposes rather than personal or household use.
Not sure how your state affects your loan?
Tell us where you are investing and we will confirm availability, documentation, and the options for that market.