DSCR Investor Financing · Maryland & Virginia · NMLS #2656628

More DSCR Loan Options. More Ways to Finance Your Next Investment.

Not every rental property fits the same lending guidelines. Fairway Independent Mortgage Corporation offers access to multiple DSCR financing channels, giving investors more ways to evaluate purchases, refinances, LLC-owned properties, and unique scenarios. Work directly with Ken Powell to compare programs and structure financing around your investment goals.

Send Ken a Property Analyze My DSCR

Select options up to 85% LTVLLC vesting optionsPurchase & refinanceIn-house processing team

Ken Powell

Loan Officer · Fairway Independent Mortgage Corporation

NMLS #2656628 · MD & VA

(240) 237-7855

The Fairway Advantage

One Experienced Loan Officer. Multiple DSCR Financing Channels.

Fairway's program lineup offers more than one way to approach an investment-property financing scenario. Instead of assuming one set of guidelines fits everyone, Ken reviews your property, rental income, down payment, credit profile, experience, and ownership structure against available options.

More program choices

Our internal DSCR comparison includes multiple investor programs with different credit, DSCR, LTV, property and loan-amount requirements. This helps us evaluate scenarios that do not fit a single program.

Coordinated in-house process

Fairway is a mortgage lender, not a mortgage brokerage. Our team coordinates loan processing internally and works with available program channels to keep communication and problem-solving focused. Costs and timelines vary by loan.

Scenario-first solutions

Buying through an LLC? Refinancing a paid-off rental? Considering a condo, multiple financed properties or a lower-DSCR deal? Ken can help review the relevant guidelines before you commit to a property.

Program snapshot

DSCR Loan Features to Compare

These are examples across the current internal program comparison, not a single loan offering every feature. Program terms, geographic eligibility and underwriting guidelines are subject to change.

Down payment & LTV

Up to 85% LTV on a select purchase program, potentially 15% down. Several other programs list 80% maximum LTV, and some have lower limits.

Credit & DSCR

Minimum credit scores start at 640 on select programs. Minimum DSCR can start at 0.75 on select programs. These minimums may not be available together or at the highest LTV.

Loan amounts

Listed program loan minimums can start at $50,000, while select maximums reach $3 million. Availability varies by channel and property.

Rate structures

Fixed-rate, adjustable-rate mortgage (ARM) and interest-only structures appear in the program lineup. Interest-only loans carry special risks, including no principal paydown during the interest-only period.

Purchase & refinance

Investment-property purchase, rate-and-term refinancing and cash-out refinancing are represented. Cash-out limits and seasoning rules require a specific review.

Properties & ownership

Options for eligible 1–4 unit properties, PUDs, condos, certain non-warrantable condos and other specialty properties. LLC vesting is listed across the compared programs; property restrictions vary.

Investor experience

Options exist for experienced and first-time investors, although some channels restrict inexperienced borrowers or property counts.

Rental income

Long-term rental and some short-term rental income scenarios may be considered. Appraisal rent schedules, lease documentation, and other required evidence differ.

Portfolio flexibility

Property-count and aggregate exposure limits vary considerably by program. Let us review your existing portfolio before selecting a channel.

Important: 85% LTV, 640 credit and 0.75 DSCR are separate program highlights, not a combined approval scenario. This is not a commitment to lend, rate quote or guarantee of approval. Additional credit, reserve, appraisal, eligibility and program restrictions apply. Some programs exclude particular markets, including Baltimore City.

Financing scenarios

What Kind of Investment Are You Financing?

Buy and hold

Purchase a qualifying long-term rental property using a DSCR structure designed around eligible rental income.

Cash-out refinance

Review whether available equity in an existing investment property can support another purchase or portfolio objective.

LLC acquisitions

Explore financing an eligible property in an LLC, subject to entity documents and individual program requirements.

Interest-only strategy

Compare an interest-only payment period against amortizing options, while considering future payment changes and principal balance.

Condo and specialty scenarios

Discuss eligible warrantable or non-warrantable condos and certain specialty property types before making an offer.

Growing a portfolio

Compare property-count limits and financing guidelines for investors with multiple existing loans.

How DSCR works

Qualify Based on a Property's Eligible Rental Income

DSCR stands for Debt Service Coverage Ratio. A typical residential DSCR calculation compares qualifying gross monthly rent with principal, interest, taxes, insurance and applicable association dues (PITIA). The lender determines the qualifying rent and exact calculation.

Illustrative DSCR calculation

$3,000 qualifying monthly rent ÷ $2,500 monthly PITIA = 1.20 DSCR

A ratio of 1.00 indicates rent equals measured debt service. Lower ratios may be considered by some programs but generally imply less payment coverage. DSCR is not the same as net investor cash flow: maintenance, repairs, vacancy and management costs still matter.

Free screening tool

Run the Numbers on Your Investment Property

Estimate DSCR first, then send Ken the property details for a program-specific financing review.

DSCR Calculator

Rental income type

Transaction

Market rent — appraisal Form 1007/1025 ($/mo)

Lease amount, if the property is leased ($/mo)

Principal & interest (or interest-only) payment ($/mo)

Property taxes ($/mo)

Homeowners insurance ($/mo)

Other required insurance, e.g. flood ($/mo)

HOA dues, if applicable ($/mo)

Your DSCR — Gross Rental Income ÷ PITIA

1.12

For illustrative purposes only; accuracy is not guaranteed. Results are not a pre-qualification or a credit decision. Qualifying rental income, DSCR, and program eligibility are determined in underwriting from the appraisal, lease or rental statements, and the applicable program's DSCR/LTV matrix, and may differ from this estimate.

Review Financing Options for My Deal

DMV investor financing

Serving Investors Across Maryland and Virginia

From Prince George's, Montgomery and Anne Arundel counties to Charles, Calvert and St. Mary's counties—and Northern Virginia markets including Fairfax, Prince William, Loudoun and Stafford—Ken helps investors review eligible financing scenarios. You don't need to invest in Southern Maryland to start a conversation.

Ken is licensed in Maryland and Virginia, not Washington, DC. Some DSCR programs have additional location exclusions.

Investor questions

DSCR Loan FAQs

What is a DSCR loan?+

A debt service coverage ratio (DSCR) loan is designed for eligible investment properties. The lender evaluates qualifying rent against the property’s required debt payments and other program criteria. Personal tax returns or traditional W-2 income may not be required for qualifying.

Can I buy a rental property with 15% down?+

A program in Fairway’s DSCR comparison sheet lists a maximum purchase LTV of 85%, which may allow a 15% down payment for eligible transactions. Many other DSCR programs cap LTV at 80% or less. Credit, reserves, property type, DSCR and other restrictions apply.

What credit score is required for a DSCR loan?+

The comparison sheet lists some program minimums starting at 640. Other programs require 660, 700 or higher, and requirements may vary with LTV, DSCR and transaction type.

What if my rental property has a DSCR below 1.0?+

Select programs in the comparison sheet list minimum DSCR thresholds as low as 0.75. A ratio below 1.0 means qualifying rent is lower than the measured debt payment. Approval, pricing and down payment requirements depend on the particular program.

Can I obtain a DSCR loan through my LLC?+

The programs shown in Fairway’s comparison sheet include LLC vesting options. Entity documents, ownership requirements and lender guidelines must be reviewed.

Can I refinance or pull cash out with a DSCR loan?+

The comparison sheet lists purchase, rate-and-term refinance, and cash-out refinance purposes. Available LTV, seasoning and other requirements differ by program.

Are interest-only or adjustable-rate DSCR loans available?+

Yes. The listed program options include fixed-rate, adjustable-rate mortgage (ARM), and interest-only structures. Not every program supports every structure, and interest-only payments do not reduce principal during the interest-only period.

Can a new investor or short-term rental property qualify?+

Several programs accept both experienced and inexperienced investors with additional restrictions. Certain programs also consider short-term rental income, but methods and purchase-versus-refinance eligibility vary.

Does Fairway offer DSCR loans outside Southern Maryland?+

Ken Powell serves eligible real estate investors across Maryland and Virginia, including the greater DMV region. Individual program and property restrictions apply, and Ken is not licensed to originate loans in Washington, DC.

Have a Rental Property or Unusual Financing Scenario?

Send Ken the purchase price, anticipated rent, credit range, available down payment, and property type. We'll explore the available DSCR programs and discuss which structures may fit.

Request a DSCR Scenario Review Schedule a Call

Kenneth Powell · NMLS #2656628 · Fairway Independent Mortgage Corporation · Company NMLS #2289 · Licensed in MD and VA · Equal Housing Opportunity. All loans subject to underwriting and program availability.