5.0 · 35 five-star Google reviews · Veteran-owned · Milford, Michigan · NMLS #23394
McKenney
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DSCR Loans · Michigan Investors

The loan that reads rent rolls, not pay stubs.

DSCR loans qualify on the property's rental income — no tax returns, no W-2s, no employment verification. If the rent covers the payment, the deal can work. I shop your loan across multiple wholesale DSCR lenders so the structure fits the deal, not the other way around.

Price My Deal → Run DSCR Numbers
Rob McKenney · NMLS #23394 · 20+ years · Investor-owner himself · 5.0★ on Google
0
Tax Returns Or W-2s Required
<1.0
Ratios Can Still Work
LLC
Vesting Welcome
30yr
Fixed & Interest-Only Options
How It Works

One ratio decides the deal: rent ÷ payment.

Take the property's monthly rent. Divide by the full monthly payment — principal, interest, taxes, insurance, association dues. That's the DSCR. At 1.0 the property carries itself; above it, the deal gets stronger and so does your pricing.

1.25

Strong Deal

$2,500 rent against a $2,000 payment. Cash flows with cushion — best pricing tiers, smoothest approvals.

1.0

Break-Even Deal

Rent covers the payment. Plenty of lenders are comfortable right here — especially in Michigan's steady cash-flow markets.

0.9

Sub-1.0 Deal

Rent falls short on paper — maybe it's under-rented or you're repositioning it. Still financeable with the right lender and structure.

Built For

Who DSCR is actually for.

Investors scaling a book. No ten-property ceiling, no re-documenting your life for every closing. Deal four should be easier than deal one — not harder.

Self-employed investors. Your tax returns are optimized to show less income. DSCR doesn't read them, so your write-offs stop costing you leverage.

LLC and partnership buyers. Close in the entity, keep the liability separation your attorney wants. Conventional can't; DSCR can.

BRRRR investors. Buy with our Fix & Flip financing, renovate, rent it, then refinance into a 30-year DSCR loan and pull your capital back out for the next one.

Out-of-state landlords buying Michigan. Michigan's price-to-rent ratios are why investors keep landing here. I'm on the ground — and I invest here myself.

Short-term and mid-term rental operators. Some DSCR lenders qualify on STR income projections. Structure matters — that's a shopping problem, and shopping is my job.

The Honest Part

What nobody tells you about DSCR loans.

DSCR pricing runs higher than owner-occupied conventional — that's the trade for skipping income docs, and pretending otherwise is how investors get burned by teaser quotes.

Expect a real down payment (typically 20%+, credit and ratio dependent), reserves in the bank, and — on most programs — a prepayment penalty in the early years, usually on a step-down schedule.

Every one of those levers is negotiable across lenders: penalty structure, interest-only options, ratio thresholds, STR treatment. One bank gives you one answer. I give you the menu.

Why a broker beats a bank on DSCR

DSCR isn't a standardized product like a Fannie Mae loan. Every non-QM lender writes its own rules — ratios, reserves, penalties, entity vesting, STR income.

That spread between lenders is where deals live or die. The same property that gets declined at one shop prices beautifully at another.

My job is knowing which lender wants your deal this month — and making them compete for it.

DSCR Questions

What Michigan investors ask me most.

What is a DSCR loan and how is the ratio calculated?
DSCR stands for Debt Service Coverage Ratio: the property's monthly rent divided by its full monthly payment (principal, interest, taxes, insurance, and any association dues). A ratio of 1.0 means the rent covers the payment. Qualify on the property's income — not your tax returns, W-2s, or employment.
Can I get a DSCR loan if the ratio is under 1.0?
Often, yes. Several of my wholesale lenders have programs for ratios below 1.0 — typically with a larger down payment or pricing adjustment. A deal that doesn't quite cash flow on paper isn't automatically dead; it's a structuring conversation.
Do I need tax returns or W-2s to qualify?
No. DSCR loans skip personal income documentation entirely. Lenders look at your credit, your assets for the down payment and reserves, and the property's rental income. That's the whole point — your tax strategy stops fighting your borrowing power.
Can I close in an LLC?
Yes — most DSCR lenders allow (and investors usually prefer) vesting title in an LLC. That's something conventional financing generally won't do.
Is there a limit on how many properties I can finance?
DSCR lenders don't impose conventional lending's ten-financed-property ceiling. If each deal cash flows and you have the reserves, you can keep scaling — which is exactly how portfolio investors use these loans.
Do DSCR loans have prepayment penalties?
Usually, yes — most carry a step-down prepayment penalty for the first few years, and that's a real cost worth understanding before you sign. Structures vary a lot between lenders, which is why I shop yours across multiple DSCR lenders instead of taking the first quote.

Have a deal? Let's run the ratio.

Send me the address and the rent — actual or projected. I'll tell you if it finances, what it takes down, and which structure protects your exit. No tax returns, no obligation.

Price My Deal → Call / Text (248) 491-8998
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