DSCR loan with a 620 credit score
Can I get a DSCR loan with a 620 credit score?
A 620 score does not disqualify a DSCR loan the way it would a conventional one — it just shrinks the list of lenders willing to look at the file, and shapes the pricing on the ones who will.
- DSCR rental loan Qualification runs on the property’s rent against its own payment, so a 620 score affects pricing and which lenders will look at the file rather than being the thing that gets underwritten.
- Conventional investor financing Agency underwriting scores the borrower’s own file — credit, DTI, reserves — far more heavily, and a 620 score paired with existing rental debt is a difficult combination to clear there.
Lenders in the directory
Who publishes criteria this deal clears
Matched across all 37 lenders in the directory on published minimum credit score. This list is computed from stored criteria, not curated — it changes when a lender’s published figures change.
Writes the product, has not published the threshold
These 12 carry a relevant product but have not published the figure this scenario depends on, or carry no verification date. We will not claim they qualify and we will not claim they do not — ask them directly.
Why 620 is a real dividing line in this directory
Of the 37 lenders in this directory, 22 publish a minimum credit score. A 620 floor sits at the low end of what is published — several lenders publish exactly 620, several publish higher, and the rest have not published a number at all. That last group is not a rejection; it is a lender who has not put a floor in writing, and the only way to know where a specific file lands is to ask.
What a DSCR loan does with a 620 score once it clears the floor
Clearing a lender’s minimum is not the same as getting the same deal a 740-score borrower gets. A DSCR loan still prices risk into rate and points, and a lower score is one of the inputs a lender uses to set both. The property’s own coverage ratio and the deal’s leverage do more of the compensating work than they would at a higher score.
What a 620 score does not fix by itself
A 620 score sitting on top of a recent late mortgage payment, an open collection, or a thin credit file is a different conversation than a clean 620 built from a short history. The score is one number; the file underneath it is what a lender actually reads. If any of those apply, that is its own underwriting question — see the related pages below.
Where the leverage math tends to move
Lenders that will work with a 620 score commonly ask the deal to carry more of the risk somewhere else — more equity in the purchase, a stronger DSCR, or both. None of that is a published rule this directory can point to; it is the general shape of how credit-score risk gets offset, and it is worth asking each lender directly how they apply it.
What to have ready
- Your actual tri-merge credit score, not an app estimate — lenders pull their own
- A clear explanation for anything recent and negative on the report
- The property’s rent (lease or market-rent estimate) so a lender can quote a real DSCR
- How much cash you can bring if a lower score means a lower LTV offer
Questions
Does a 620 score mean a worse rate on every DSCR loan?
Is 620 the lowest score a DSCR lender will take?
Will a 620 score limit my leverage?
Should I wait and raise my score first?
Terms used on this page
- Debt Service Coverage Ratio (DSCR) — DSCR is a property’s gross monthly rent divided by its total monthly mortgage payment. A DSCR of 1.00 means the rent exactly covers the payment; 1.25 means rent exceeds the payment by 25%.
- Non-QM Loan — A non-QM loan is a mortgage that does not meet the Qualified Mortgage standard, usually because it verifies income by some route other than tax returns. It is a documentation category, not a credit-quality one.
- Hard Money Loan — A hard money loan is short-term real estate financing secured by the property and underwritten mainly on its value, typically from a private lender rather than a bank.