Michigan DSCR Loans: Financing Rental Properties Without Income Proof
Michigan investors can use DSCR loans to buy rental properties without showing tax returns or pay stubs.
Cities like Detroit, Grand Rapids, and Ann Arbor offer great cash flow potential for investors using DSCR financing.
What Is a DSCR Loan?
A DSCR (Debt Service Coverage Ratio) loan lets lenders qualify you based on rental income.
If the property’s rent covers the mortgage payment, you’re likely to get approved.
No personal income verification is required.
Why Choose DSCR Loans in Michigan?
No income or employment verification needed
Good for multi-family and single-family rentals
Use LLCs or corporations to protect your assets
Fast closings and flexible loan terms
Great for self-employed or investors with complex finances
Top Markets for DSCR Loans in Michigan
Detroit: Low prices, high rental demand
Grand Rapids: Strong economy and growing population
Ann Arbor: Stable rental market near the university
Lansing: Affordable investment homes with steady renters
Typical DSCR Loan Requirements in Michigan
DSCR ratio of 1.0 or more
Minimum credit score around 620
Down payments typically 20–25%
Property must be for investment use only
