Mid-term rental for traveling nurses
Can a mid-term rental aimed at traveling nurses get DSCR financing?
A mid-term rental sits between a standard lease and a short-term rental, and no lender in this directory tags a product specifically for it — which means the honest answer is that it falls under general DSCR underwriting, with its own wrinkles.
- Standard DSCR rental loan With no mid-term-specific product in this directory, a property furnished and leased for 30-plus-day stays is generally underwritten under standard DSCR rules on its actual or projected lease income.
- A short-term rental DSCR product built around nightly-rate platforms Mid-term rentals typically run 30-day-plus stays at a monthly rate rather than nightly bookings, which is a different income pattern than the STR-specific products in this directory are built to project.
Lenders in the directory
No lender here publishes a rule for this
This is an underwriting judgment, not a published threshold. None of the 37 lenders in the directory states a policy on it, so there is no honest way to build a shortlist — and a list computed only from which products a lender writes would tell you nothing you could act on.
What matters here is how the file is presented rather than which lender receives it. The sections below cover that. When you are ready to approach lenders, the directory shows what each one does publish, with the date it was verified.
Why this is not the same product as an STR
The STR DSCR and STR-friendly DSCR products in this directory are described around short-term, often nightly-rate rentals. A mid-term rental — typically 30 days or longer, priced monthly, and marketed to traveling professionals like nurses on assignment — is a different income pattern, and no lender here tags a product built specifically around it.
What that means practically
A mid-term rental most likely gets evaluated under a lender’s standard rental DSCR product, using either an actual furnished-monthly lease or a market-rent estimate as the income basis, rather than a projection built from nightly-rate platform data the way an STR-specific product would use.
What to bring to that conversation
A signed mid-term lease, if one exists, or comparable data on furnished monthly rentals in the market is the practical substitute for the nightly-platform data an STR program would otherwise use. Being upfront that the property operates as a mid-term rental — rather than presenting it as a standard long-term lease — avoids a mismatch discovered later in underwriting.
Where furnishing and turnover costs fit in
A furnished mid-term rental carries setup and turnover costs a standard unfurnished lease does not, which is worth factoring into the deal’s actual cash flow even though it does not appear in a DSCR calculation built on gross rent.
What to have ready
- A signed furnished-monthly lease or comparable mid-term rent data for the market
- A clear description of the intended use (mid-term, not standard long-term or nightly STR) for the lender
- A furnishing and turnover cost estimate for your own underwriting, even though it is not part of the DSCR figure
Questions
Is there a DSCR product built specifically for mid-term rentals?
Should I present this property as an STR to access STR-specific underwriting?
Does furnishing the unit affect the loan amount?
Terms used on this page
- Mid-Term Rental — A mid-term rental is a furnished property let for roughly one to six months — longer than a short-term stay, shorter than a standard annual lease.
- 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%.
- Market Rent vs. Actual Rent — Market rent is an appraiser’s opinion of what a comparable unit should currently rent for. Actual rent is the contract rent stated in an existing lease. The two frequently differ, and which one a lender uses to qualify a loan depends on the lender’s policy.