Andrade Real Estate Services

The Airbnb DSCR Program is designed for real estate investors purchasing 1–4 unit short-term rental properties, such as Airbnb, VRBO, or similar vacation rentals. Instead of using personal income like tax returns, pay stubs, or job verification, qualification is based entirely on the property’s actual or projected rental income—making it a simple and flexible financing option for investors who want to grow their portfolio of income-producing vacation rentals without traditional income documentation.

This program is ideal for buyers who:

Prefer to show no income documentation.
Are purchasing investment short-term rental properties.
Prefer a simple, DSCR-based qualification using appraiser-verified rental income.

DSCR Tier	Credit Score	Min Down	Max LTV	Reserves
DSCR ≥ 1.00	640+	20%	80%	None Required.
DSCR < 1.00	640+	25%	75%	None Required.

Occupancy Requirement
Investment Only Borrower may not occupy the subject property.
Note Primary and second homes are not eligible.

Residency Eligibility
Eligible Valid SSN — must have a valid Social Security Number (SSN). Permanent residents — must provide a valid, unexpired Green Card. Non-permanent residents — eligible with valid visa or Employment Authorization Document (EAD).
Ineligible Foreign nationals who do not reside in the U.S. are ineligible, Borrowers with one or more housing late payments in the past 12 months, Borrowers without a social security number, or with a number that cannot be validated through the SSA are ineligible. Borrowers with diplomatic immunity are ineligible. Borrowers with expired residency or ID documentation are ineligible. Borrowers previously convicted of mortgage fraud are ineligible.

Income Consistency Requirements
Use of AirDNA AirDNA data may be used to estimate market rents for prequalification or appraisal guidance, For final underwriting, AirDNA cannot replace documented ledgers or appraiser-verified rents.
Documentation Options 12-month ledgers from Airbnb, VRBO, or similar platforms, Property-management or condotel company ledgers, Appraiser’s 1007 Short-Term Rental Market Survey showing projected STR rents.

Down Payment Funds
Eligible Sources Borrower’s own funds, Large deposits, Retirement (401k / IRA), Sale of assets.
Requirements Gift funds are ineligible, Borrowers must provide two months of recent bank statements to confirm available funds, Large deposits must be sourced, Retirement funds require withdrawal terms + statements, Asset sales require bill of sale + proof of deposit.

Loan Amounts
Minimum Loan Amount $100,000.
Maximum Loan Limits $3,000,000.

Property Types
Eligible SFRs (Single-Family Residences), 2–4 Units (must occupy one unit), PUDs (attached/detached), Condominiums (Non-warrantable considered case-by-case), Condo Hotels or Motels (projects operated as hotel/motel, hotel/motel conversions).
Ineligible Manufactured homes, Rural properties, Commercial property, Properties exceeding two acres in lot size, Vacant land or land development properties.

Third Party Contributions
Maximum Contribution Seller: Limited to recurring and non-recurring closing costs (NRCCs) only, Max 3.0% regardless of LTV. Real Estate Agent / Loan Officer: Allowed as long as total seller + non-seller contributions do not exceed 3.0%, Dollar amount cannot exceed the borrower’s actual NRCCs.
Allowed Uses Closing costs, Prepaid items, Discount points, Buydown escrows.

Disclaimer – This matrix was published on 09/20/2025. Program guidelines may have changed since then. Please contact Alexis to confirm the most current requirements. For complete details, refer to the Partner Matrices PDF or reach out directly to Alexis for program-specific guidance.

Airbnb

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