A DSCR loan qualifies on the rent the property brings in, not your W-2. Buy, refinance, or cash out at a 30-year fixed rate.
| 30-Year Rental Loan Terms | |
|---|---|
| Interest Rate | Starting at 6.25%* |
| Loan Term | 30-year fixed rate |
| Max LTV (Purchase & Refi) | Up to 80% LTV |
| Max LTV (Cash-Out) | Up to 75% LTV |
| Loan Amount | $75,000 – $1,500,000 |
| Qualifying Method | DSCR (property cash flow) ? |
| Minimum DSCR | 1.0x |
| Minimum FICO | 660 |
| Property Types | 1–4 unit residential |
| Close Time | Typically 3–4 weeks |
*Starting rate shown. Your rate depends on credit, leverage, property, and term.
Need short-term financing first? See our bridge loans → then refinance into a 30-year fixed once the property is stabilized. See how one investor did it in our DSCR cash-out refi case study.
Whether you're buying your first rental or refinancing a full portfolio, Pimlico Capital is a direct lender: we control our own capital, so decisions are fast and the document list is short.
We underwrite on the property's DSCR, not your personal income, so self-employed investors and full-time landlords qualify easily. No W-2s, no tax returns. The full terms are on the left.
DSCR (Debt Service Coverage Ratio) measures whether a property's rent covers its loan payment. We lend down to a 1.0x DSCR, meaning the rent just needs to cover the payment.
PITIA = principal, interest, taxes, insurance, and any HOA dues. Try your own numbers in the DSCR loan calculator → · See the full DSCR loan requirements →
You've completed your flip or stabilized a rental. Now refinance into a long-term fixed rate to free up cash and lower your monthly payments.
For turnkey rentals that cash-flow from day one, we close fast, with no W-2s and no tax returns.
Pull equity from your existing portfolio to fund new acquisitions. Refinance up to 75% LTV and redeploy your capital without selling anything.
Our 30-year DSCR loans are available nationwide, with only a handful of state exceptions. See the full coverage map on our Where We Lend page. One lender for the whole portfolio, whether you hold doors in one market or ten.
Maryland is our home market. We're based in Baltimore. Most DSCR lenders quoting these deals are not. We have closed more than 1,500 rental loans in the state, and most of that happens in and around Baltimore, including Dundalk, Essex and Parkville. The median rental loan here is $172,000, and close to half the properties we finance in Maryland are rowhouses, so a loan that size is routine for us rather than an exception. Roughly 4 in 10 of our Maryland DSCR borrowers bought or rehabbed the property with a Pimlico bridge loan first, then refinanced into the 30-year with us. If you're partway through a renovation, it's worth starting that conversation now instead of at the end. There's more on DSCR and bridge loans in Maryland. Dundalk, Essex and Parkville all sit in Baltimore County, which leans further toward rentals than the state as a whole, so that market has a page of its own: DSCR and bridge loans in Baltimore County.
We do less business in Washington, DC and Virginia than in Maryland, and there's no point pretending otherwise. The loan itself doesn't change across the three. Same minimum DSCR, same 30-year fixed, same short document list. What changes is the property and the rent behind it, and the rent is what qualifies the loan. If the unit is leased, send us the lease along with the address. If it's vacant, we'll use market rent from the appraisal and you can still close. See DSCR loans in Washington, DC and rental and bridge loans in Virginia.
You can close in an LLC, and we won't ask for tax returns or a W-2 in any of the three. If you want a number on a specific address, send it over with the rent and we'll price it.
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