DSCR Loans in Chicago, IL
Find lenders offering dscr loans in the Chicago, including Naperville, Schaumburg, Evanston, and surrounding areas. Compare rates, terms, and programs from 42 lenders.
DSCR Lenders Serving Chicago
42 lenders offering dscr loans in the Chicago, IL area.
A&D Mortgage
Fort Lauderdale, FL
Wholesale non-QM lender. DSCR loans with 0 minimum DSCR, 80% max LTV, min FICO 620.
Angel Oak Mortgage Solutions
Atlanta, GA
Major non-QM and DSCR lender. Investor cash flow loans up to $1.5M. 40-year terms with interest-only options. No limit on properties.
Civic Financial Services
Redondo Beach, CA
Private money lender for residential investment properties. Bridge and DSCR rental loans. Subsidiary of Pacific Western Bank.
CoreVest Finance
Irvine, CA
Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.
CrossCountry Mortgage
Cleveland, OH
Large national lender offering DSCR, bank statement, and non-QM mortgage products alongside conventional and government loans.
Defy Mortgage
FL
DSCR lender with flexible terms. Accepts DSCR as low as 0.75 or no ratio. Up to 85% LTV on SFR purchases. Available in 35+ states.
Easy Street Capital
Austin, TX
Investment property lender specializing in fix-and-flip, bridge, and DSCR rental loans. Loans approved in 24 hours, close in 48 hours. Min credit score 600.
Griffin Funding
CA
Nationwide DSCR lender. No income verification, DSCR as low as 0.75. Up to $5M loan amounts. Also offers VA, conventional, and non-QM loans.
JMAC Lending
CA
DSCR loans available in select states. Min DSCR 0.75, max LTV 75%, min FICO 660-700.
Kiavi
San Francisco, CA
Technology-driven lender (formerly LendingHome). $16B+ in loans funded. DSCR rental loans and bridge loans for fix-and-flip.
Lending One
Boca Raton, FL
National direct lender for real estate investors. Fix-and-flip, bridge, and 30-year DSCR rental loans. $5B+ in originations.
Lima One Capital
Greenville, SC
Private lender for real estate investors. DSCR loans require 1.5+ ratio, min FICO 700. 5, 10, and 30-year options. Up to 75% LTV on purchases.
New Silver Lending
FL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
North American Savings Bank
Kansas City, MO
Offers 11 types of non-QM loans including bank statement, asset depletion, DSCR, and bridge. 100,000+ mortgages closed since 2010, $30B+ loaned.
RCN Capital
South Windsor, CT
Nationwide private lender for fix-and-flip, bridge, and rental loans. Fast closings and flexible terms.
Chicago Commercial Real Estate Market
Chicago is the third-largest commercial real estate market in the U.S., with a downtown Loop and River North office market totaling over 150 million square feet, a sprawling suburban office landscape across the I-88, I-90, and Lake County corridors, and one of the nation's largest industrial markets centered on the I-55 and I-80 logistics corridors. Fulton Market/West Loop has emerged as the city's premier tech and creative office district, attracting Google, McDonald's relocated headquarters, Salesforce, and numerous venture-backed startups. The city's unmatched rail and intermodal infrastructure — six Class I railroads converge here — makes the Chicagoland industrial market essential for national distribution networks. The South and West Loop have seen substantial mixed-use and residential conversion as older office buildings adapt to changing demand.
Key Economic Drivers
- ●Fulton Market/West Loop tech and creative office cluster with Google and McDonald's HQ
- ●Six Class I railroad convergence and I-55/I-80 intermodal logistics hub
- ●O'Hare Airport modernization and adjacent suburban office and industrial parks
- ●Life sciences corridor expanding from the Illinois Medical District through University of Chicago
Market Insight
Cook County assesses commercial property at a 25% level of market value compared to 10% for residential, and when combined with the state equalization factor and local school district levies, effective commercial property tax rates in some Chicago neighborhoods exceed 4% of market value — among the highest in the nation.
DSCR Loans in Chicago, Illinois
Debt Service Coverage Ratio (DSCR) loans let real estate investors qualify based on the property's rental income rather than personal income or employment. Ideal for investors building a portfolio without traditional income documentation. In the Chicago metro area, borrowers can access 42 lenders offering DSCR financing, including Naperville, Schaumburg, Evanston, and surrounding areas. Loan amounts typically range from $100K to $5M with rates from 7.0% - 9.5%.
Who Should Consider DSCR Loans?
- Real estate investors
- Portfolio builders
- Self-employed borrowers
- Foreign nationals
Key Requirements
- Minimum credit score: 620-680
- DSCR ratio ≥ 1.0
- Down payment: 20-25%
- Property must be investment (not owner-occupied)
Advantages
- ✓No personal income verification
- ✓Unlimited properties
- ✓Fast closing
- ✓LLC/entity vesting allowed
Considerations
- •Higher rates than conventional
- •Larger down payment
- •Prepayment penalties common
- •Minimum DSCR ratio required (typically 1.0-1.25)
DSCR Loans in Other Illinois Cities
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