Todd Uzzell
NMLS #1525192 | Loan Officer
I specialize in DSCR financing for real estate investors in the Scottsdale, Phoenix, and East Valley markets. No W-2s, no tax returns—just rental income verification.
No personal income verification. Invest confidently in Arizona real estate.
NMLS #1525192 | Loan Officer
I specialize in DSCR financing for real estate investors in the Scottsdale, Phoenix, and East Valley markets. No W-2s, no tax returns—just rental income verification.
DSCR = Annual rental income ÷ Annual mortgage payment. Tells the lender if the property pays for itself.
Qualification is based entirely on rental income. W-2s, salary, business income irrelevant. Investors get funded fast.
For rental, multi-unit, or commercial properties. Non-owner-occupied. Single-family homes to large complexes.
Annual Rental Income ÷ Annual Mortgage Payment = DSCR
DSCR 1.0
Break Even
Rental income equals mortgage payment
DSCR 1.25
Strong
Income 25% above mortgage—safe margin
DSCR 1.75+
Excellent
High income—strong cash flow
Property Price: $450,000
Down Payment: 20% ($90,000)
Loan Amount: $360,000
Interest Rate: 6.85%
Monthly Payment: $2,400
Annual Payment: $28,800
Rental Income
Unit A: $1,600/mo
Unit B: $1,600/mo
Total Annual Income: $38,400
DSCR: 1.32
*Strong cash flow; safe approval*
Property Price: $650,000
Down Payment: 20% ($130,000)
Loan Amount: $520,000
Interest Rate: 6.75%
Monthly Payment: $3,375
Annual Payment: $40,500
Rental Income
4 units × $1,725/mo = $6,900/mo
Total Annual Income: $82,800
DSCR: 2.04
*Excellent cash flow; strong equity position*
Minimum 0.75 DSCR (property rental covers 75% of mortgage). Most lenders prefer 1.0+. With cash reserves, sub-1.0 possible but at higher rates.
Minimum 620 FICO. Past issues (late payments, collections) viewed less harshly than conventional. Focus is on rental income, not personal credit history.
15–30% typical. Lower DSCR may require higher down payment. Investment properties carry more risk, so lenders want more skin in the game.
Lease agreements, rent rolls, bank deposits, 12 months bank statements showing rental deposits. NO tax returns or personal W-2s required.
6–12 months PITI in reserves. Lenders want proof you can cover mortgage if there's vacancy or repair costs. Reduces default risk.
Lenders underwrite at market rent, not hoped-for rent. If comparable units rent for $1,500, that's what goes on the application—not your $2,000 target. Be conservative.
Lenders often reduce gross rental income by 25% to account for vacancy, maintenance, turnover. Your DSCR must still work at this reduced number.
Lenders will ask for 6–12 months PITI in reserves. If you don't have them, you don't qualify or face higher rates. Build reserves before applying.
No. DSCR loans are 100% based on rental income. Your W-2s, salary, business income don't matter. Only the property's cash flow counts.
You can use market rent for comparable units in the area. Lenders underwrite at fair market value. Lease agreements (once signed) are best, but market comps work for pre-lease scenarios.
Yes. Single-family rentals, duplexes, triplexes, fourplexes, apartment buildings—all qualify. As long as it's non-owner-occupied and has rental income, DSCR works.
Typically yes. Rates are 0.5–1.0% higher because lenders take more risk. But the speed and simplicity (no personal income verification) saves time and stress.
15–21 days typical. No personal tax returns to verify = faster underwriting. Appraisal and title are still required, but less document collection overall.
For investors with strong personal income. Requires tax returns and personal qualification alongside rental income.
Tap equity in existing rental properties to fund more investments or business growth.
Build new rental properties with interest-only construction phase, then permanent financing at completion.
Let's grow your investment portfolio. Fast approval. Simple process.