No W-2. No Tax Returns.
A DSCR loan in Washington qualifies on the property's rent rather than your W-2 or tax returns — business-purpose financing for non-owner-occupied rentals, available to LLCs as standard. What makes Washington its own underwriting problem: The District, Maryland and Virginia are three different legal regimes. That is exactly the kind of variable that one lender's credit box handles badly and thirty handle well, which is how LendingStreet places the file.
Check My Washington Rental Loan Options →The economy runs on the federal government, its contractors across Northern Virginia, the universities, and the hospital systems. The rental stock is rowhouses across most of the District, garden apartments and mid-century single-family in the close-in Maryland and Virginia suburbs.
The District, Maryland and Virginia are three different legal regimes. DC is non-judicial but has strong tenant protections including TOPA, which gives tenants a right of first refusal on sale — it affects exit timelines on any occupied property. Maryland is judicial. Virginia is non-judicial. Where the property sits changes the underwriting more than almost any other metro.
Local landlord-tenant rules in Washington affect eviction timelines and therefore how some capital sources view the collateral. It does not change your eligibility; it changes which sources are comfortable and at what leverage.
The metro straddles jurisdictions. Which side of the line the property sits on changes the foreclosure regime, the tax structure and sometimes the tenant law — underwrite the address, not the metro.
Standard ranges across our capital sources: $150,000 to $3.5M, up to 80% LTV on purchase and 75% on cash-out, 1.00 minimum ratio with sub-1.0 and no-ratio at select sources, 660 credit standard with 640 and 620 tiers, 30-year fixed, LLC vesting with personal guaranty, 14 to 21 days to close. Full detail and the current rate floor are on the DSCR loan page. The figures on your file depend on the source, the property and the ratio.
The Washington–Northern Virginia–Maryland metro — Washington plus Arlington, VA, Alexandria, VA, Silver Spring, MD, Bethesda, MD, Hyattsville, MD and Takoma Park, MD — and the rest of District of Columbia via the District of Columbia DSCR page. Investor activity in Washington concentrates in Petworth, Brightwood, Deanwood, Anacostia, Trinidad; the loan is underwritten identically anywhere in the metro.
Run the ratio in the DSCR calculator with real Washington tax and insurance figures before you submit — those lines decide more ratios here than the rate does.
Also see: Baltimore, MD →Philadelphia, PA →
Yes — Washington, Arlington, VA, Alexandria, VA, Silver Spring, MD, Bethesda, MD, Hyattsville, MD and Takoma Park, MD, and the rest of District of Columbia.
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 account for it in placement.
DC caps unhosted short-term rentals at 90 nights a year and requires a license; STR underwriting on projected nightly revenue is generally not viable in the District. We underwrite on long-term market rent.
Yes. Different jurisdictions in the same metro carry different foreclosure regimes, tax structures and sometimes tenant law. We underwrite the address.
Not your eligibility — which capital sources are comfortable and at what leverage. We place around it.
Typically 14 to 21 days from a complete file. Appraisal is the longest fixed step.
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