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DSCR loans in Massachusetts

Quick answer

DSCR loans in Massachusetts qualify investors on a property's rental income instead of personal income, typically with 20%–25% down and a 660+ credit score.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

DSCR loan snapshot for Massachusetts

ItemEstimate
Minimum down payment20%–25%
Minimum credit score660–700
Typical MA home value$525,800
3.5% down on typical home$18,403
20% down on typical home$105,160
Avg. effective property tax1.11%/yr (~$485/mo)
Income for typical home (31% rule)$168,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which Massachusetts programs pair with DSCR loans?

  • MassHousing Down Payment Assistance: A deferred second loan toward down payment and closing costs for eligible buyers.
  • Workforce Advantage: Higher assistance and reduced mortgage insurance for moderate-income first-time buyers.

Details and current limits: MassHousing.

How is DSCR calculated?

Lenders divide the property's market rent (from an appraiser's rent schedule or an existing lease) by the full monthly payment: principal, interest, taxes, insurance and any HOA dues. Example: $2,400 rent ÷ $2,000 payment = 1.20 DSCR.

Typical DSCR loan requirements

  • Down payment: 20%–25% (sometimes 15% for strong files).
  • Credit: 660–700 minimum.
  • Reserves: commonly 3–12 months of payments.
  • Property types: 1–4 unit homes, condos and townhomes; some lenders allow short-term rentals.

DSCR loans in Massachusetts cities

BostonWorcesterSpringfieldCambridgeLowellBrocktonQuincyLynnNew BedfordFall RiverNewtonLawrenceSomervilleFraminghamHaverhillMaldenWalthamBrooklineRevereTauntonMedfordWeymouth TownChicopeePeabodyMethuen TownEverettBarnstable TownAttleboroArlingtonSalemLeominsterPittsfieldBeverlyFitchburgMarlboroughWoburnWestfieldChelseaBraintree TownHolyokeAmherst TownWatertown TownRandolph TownLexingtonFranklin TownNeedhamNorwoodNorth Attleborough TownWellesleyGloucesterMelroseBridgewater TownNorthamptonWest Springfield TownSaugusAgawam TownMiltonDanversMilfordWakefieldBelmontBurlingtonReadingDedhamWilmingtonStonehamWinchesterGardnerMarbleheadWinthrop TownNewburyportSomersetSouthbridge TownGreenfieldAmesbury TownAbingtonEasthampton TownLongmeadowHudsonSwampscottLynnfieldNorth AdamsPalmer TownWebsterSouth YarmouthHolbrookNantucketMaynardHull

Frequently asked questions

Yes. DSCR loans are available statewide in Massachusetts through approved lenders, subject to county loan limits where they apply.

Often yes. MassHousing and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve Massachusetts.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.