loan types
dscr investor loans
New York

DSCR Investor Loans in New York

Self-employed borrowers in New York qualify using 12 to 24 months of bank deposits instead of tax returns. Business owners, contractors, and freelancers whose returns show aggressive deductions use bank statement programs to document the income they actually earn.
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No tax returns. No W‑2s. Qualify on rental income.

Bank Statement Calculator

Gross monthly rent ÷ total monthly payment (PITIA)
The market rent used for qualification. Lenders pull this from an appraisal rent schedule (Form 1007) for purchases or the current lease for refinances. Use the lower of the two if both exist.
Principal, interest, taxes, insurance, and association dues (if applicable). Includes the full housing payment, not just principal and interest. Flood insurance counts if required.
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DSCR
0.00
0.00
1.00
1.50+

Meets theLender’s minimum 1.00 DSCR.

Estimate only. theLender’s minimum debt service coverage ratio is 1.00, calculated as gross rents divided by PITIA. Final qualification depends on full underwriting, credit, and property review.

Bank statement loans provide New York borrowers with an alternative qualification method that relies on cash flow documentation rather than traditional income verification.

Self-employed individuals, real estate investors, and gig workers use these programs to demonstrate their ability to repay mortgages through consistent bank deposits.

Non-QM lenders evaluate borrowers' financial capacity by analyzing deposit patterns over specific timeframes, applying expense ratios to calculate qualifying income from business accounts while counting personal deposits at full value. These programs accommodate various occupancy types including primary residences, second homes, and investment properties throughout New York state. Underwriters focus on cash flow stability and creditworthiness rather than W-2 employment history, making these loans particularly valuable for borrowers with non-traditional income sources.

theLender offers bank statement loan programs that require no tax returns for qualification.