No W-2. No Tax Returns.
Phoenix real estate investors: finance rental properties using the property's income — not your personal income. 30-year fixed terms. 620+ credit. LLC borrowing. Close in 14-21 days.
Check My Phoenix Rate →The economy runs on Intel and TSMC's semiconductor fabs, Banner and HonorHealth, Arizona State University, American Express and the financial back-office cluster, and Sky Harbor. The rental stock is post-war ranches across the city, mid-century stock in the central corridor, and large-scale new construction on the West Valley and Pinal County fringe.
Arizona is non-judicial with a fast trustee sale. Phoenix has drawn sustained in-migration and semiconductor investment that pushed basis up faster than rents in the core; the West Valley and Pinal County price differently. Tempe carries a dense student and young-professional base around ASU; Scottsdale runs at a higher basis with stronger STR demand where the HOA permits. Summer cooling costs and roof condition under the sun are the recurring inspection items.
Also see: Tucson, AZ →Las Vegas, NV →Fix & Flip Loans in Phoenix →
DSCR rental loans in Phoenix qualify based on the property's rental income, not your W-2 or tax returns. Min credit 620, max 80% LTV purchase / 75% cash-out, 30-year fixed terms, LLC borrowing allowed, close in 14-21 days.
LendingStreet has structured $4.36B+ across 8,196 deals nationwide. NMLS #1734316 · 30+ capital sources · 50 states.
Phoenix recovered from the 2008 crash stronger than any major US metro. TSMC's $40B semiconductor fab in North Phoenix, Intel expansion, and massive retiree migration keep demand at all ends of the market. Scottsdale and Paradise Valley serve the luxury STR market; Mesa and Glendale offer cash-flow rentals.
We finance rentals and projects throughout the metro. The loan is underwritten on the property, its rent or after-repair value and your experience — not on the neighborhood name.
We also fund investments throughout the greater Phoenix metro including Scottsdale, Mesa, Chandler, Gilbert, and Glendale.
Illustrative examples of structures we finance — not specific funded loans. Terms depend on the borrower, property and capital source.
Phoenix rental properties typically need a DSCR of 1.10x to 1.25x to qualify. Higher DSCR unlocks better pricing. Properties in Scottsdale often qualify easily on gross rent alone.
Phoenix markets favor SFR, 2-4 unit multifamily, and small apartment buildings. Some lenders impose condo restrictions. STRs require DSCR programs that accept projected revenue.
All LendingStreet DSCR programs in Phoenix allow LLC borrowing with personal guarantees. Standard for asset protection.
Phoenix's 4.5% YoY appreciation makes cash-out refinancing attractive. Typical caps: 70-75% LTV. Use equity to acquire more Phoenix properties.
From our loan records, all products. Borrower names and addresses withheld.
Source: LendingStreet loan records (Pipedrive), September 30, 2026. Borrower names and property addresses withheld; loan amounts shown as recorded. Terms are set by the capital source and vary by borrower, property and program.
How the numbers work: see a worked DSCR calculation or run your own in the DSCR calculator.
Yes. DSCR loans qualify based on the Phoenix rental property's projected income — not your personal income. No W-2, no tax returns required.
Most Phoenix DSCR programs through our capital sources start at a 620 credit score. Higher scores improve leverage and pricing.
Most lenders require a minimum DSCR of 1.00x. Better pricing kicks in at 1.20x+. Phoenix rental yields average 6.1% making 1.20x achievable in most submarkets.
Yes. LendingStreet DSCR loans in Phoenix allow borrowing in an LLC with a personal guarantee.
Phoenix DSCR loans typically close in 14-21 days from complete application. Well-prepared borrowers can close in 10-14 days.
Yes. STR-specific DSCR programs qualify based on projected short-term rental revenue. Some Phoenix areas have STR restrictions — verify local rules.
DSCR loans in Phoenix start at $150K with no maximum loan amount — larger loans are placed with jumbo DSCR sources in our network.
Yes. Rate-and-term refis and cash-out refis are available on Phoenix rentals. Cash-out caps at 70-75% LTV.
It affects the lender's side. A faster recovery timeline widens the pool of sources comfortable writing there; a slower one makes some conservative on leverage.
We finance rentals across the full Phoenix metro, including Tempe, Mesa, Scottsdale, Chandler, Gilbert and Glendale. The submarkets are not interchangeable:
Tempe sits at the center of the metro around Arizona State University and carries a dense student and young-professional rental base; Mesa and Chandler bring newer suburban stock; Scottsdale runs at a higher basis with stronger short-term rental demand where the HOA permits it. Arizona is non-judicial with a fast trustee sale. Summer cooling costs and roof condition under the sun are the recurring inspection items.
Whichever submarket the property sits in, the ratio is underwritten the same way — run it in the DSCR calculator with the actual local tax and insurance figures first.
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