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DSCR loans in Washington

Quick answer

DSCR loans in Washington 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 Washington

ItemEstimate
Minimum down payment20%–25%
Minimum credit score660–700
Typical WA home value$519,800
3.5% down on typical home$18,193
20% down on typical home$103,960
Avg. effective property tax0.84%/yr (~$363/mo)
Income for typical home (31% rule)$162,000

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

Which Washington programs pair with DSCR loans?

  • Home Advantage DPA: Deferred down payment assistance paired with a Home Advantage first mortgage.
  • Opportunity DPA: A 1% deferred loan for lower-income first-time buyers.

Details and current limits: Washington State Housing Finance Commission (WSHFC).

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 Washington cities

SeattleSpokaneTacomaVancouverBellevueKentEverettSpokane ValleyRentonFederal WayYakimaBellinghamKirklandAuburnKennewickPascoRedmondMarysvilleSouth HillSammamishLakewoodRichlandShorelineLaceyOlympiaBurienBothellBremertonEdmondsPuyallupLynnwoodLake StevensIssaquahParklandLongviewWenatcheeMount VernonGrahamUniversity PlaceSpanawayWalla WallaDes MoinesPullmanSeaTacOrchardsMaple ValleyCamasTumwaterMoses LakeMill Creek EastMercer IslandBainbridge IslandOak HarborFredericksonNorth LynnwoodKenmoreEastmontUnion Hill-Novelty HillCottage LakeHazel DellBonney LakeMartha LakeSilver FirsTukwilaFive CornersMountlake TerraceMukilteoBattle GroundSilverdaleBothell WestCovingtonMill CreekArlingtonPort AngelesMonroeSalmon CreekEllensburgCentraliaFairwoodAnacortesBryn Mawr-SkywayCamanoWest RichlandAberdeenWashougalPort OrchardSunnysideLyndenLake StickneyFerndaleWhite CenterLakeland NorthBothell EastEast WenatcheeArtondaleFort LewisElk PlainSnoqualmieWoodinvilleLake Forest ParkNewcastleLakeland SouthCheneyKelsoEdgewoodEnumclawSedro-WoolleyRidgefieldLiberty LakeLake TappsEast Renton HighlandsGig HarborMinnehahaPrairie RidgePoulsboBirch BayGrandviewFifeMaltbyAirway HeightsFelidaSumnerMount VistaSheltonYelmLake Morton-BerrydaleFairwoodVashonPort TownsendSnohomishAlderwood Manor

Frequently asked questions

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

Often yes. Washington State Housing Finance Commission (WSHFC) 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 Washington.

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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.