Investors searching DSCR loan for Airbnb, STR DSCR loan, and DSCR loan short term rental need lenders that underwrite vacation rental income — not every DSCR program accepts AirDNA projections or STR operating history.
Jaken Finance Group originates DSCR loans on short-term rentals nationwide — all 50 states. Rates: 5.75%–10.5% on 30-year fixed or ARM products.
Hub: Short-term rental loans · DSCR loans nationwide · Laws: short-term rental laws for investors
STR vs long-term DSCR — key differences
| Factor | Long-term rental DSCR | STR / Airbnb DSCR |
|---|---|---|
| Income source | Lease or Form 1007 | AirDNA, STR history, projections |
| Vacancy assumption | 5%–10% | Higher — seasonality |
| Lender pool | Broad | Narrower — verify STR policy |
| DSCR target | 1.0–1.25 | 1.20+ for best pricing |
| Reserves | 6 months PITIA | 6–12 months on STR |
How STR income is verified
| Method | When used | Lender haircut |
|---|---|---|
| Trailing 12-month STR income | Operating property | Minimal — actual history |
| AirDNA projection | New acquisition | 10%–20% reduction common |
| Appraiser market rent (1007) | Conservative programs | Long-term rent — may understate STR |
| Furnished Finder / comparable STR | Supplement | Varies |
Always confirm your lender’s STR income method before inspection period ends.
DSCR calculation on STR
DSCR = Net Operating Income ÷ Annual PITIA
| Line | Example |
|---|---|
| Gross STR revenue (AirDNA, annualized) | $72,000 |
| Lender haircut (15%) | −$10,800 |
| Operating expenses (tax, ins, mgmt, HOA) | −$18,000 |
| NOI | $43,200 |
| Annual PITIA | $34,000 |
| DSCR | 1.27 — clears standard programs |
Model every deal: DSCR calculator
No-ratio DSCR — when STR doesn’t hit 1.0
| Program | DSCR requirement | Compensating factors |
|---|---|---|
| Standard DSCR | 1.0–1.25 | Market rent or STR income |
| No-ratio DSCR | None | 25%–30% down, 680+ credit, 12+ mo reserves |
Use no-ratio when the property is in a ramping market — STR income will grow but doesn’t hit threshold today.
No-seasoning cash-out DSCR refinance
Investors searching no seasoning cash out DSCR often find city-level pages but no national hub — this consolidates the program:
| Feature | Standard bank refi | Jaken Finance Group no-seasoning DSCR |
|---|---|---|
| Seasoning required | 6–12 months | Limited or none on select programs |
| Income docs | W-2 + tax returns | Property income only |
| Use case | Slow equity recycle | BRRRR speed, portfolio scale |
| LTV cash-out | Up to 80% in select markets | Up to 80% qualified |
Case study: Naperville DSCR no-seasoning
City examples (not geographic limits): Skokie no-seasoning DSCR · Clearwater immediate cash-out DSCR
STR DSCR vs conventional on investment property
| STR DSCR | Conventional | |
|---|---|---|
| Income verification | Property STR income | W-2, tax returns |
| STR operating history | AirDNA OK on select programs | Often 2-year history required |
| LLC closing | Yes | Limited |
| Rate (2026) | 5.75%–10.5% | Often similar on investment |
Comparison: DSCR vs hard money vs conventional
Jaken Finance Group STR DSCR terms
| Parameter | Range |
|---|---|
| Rates | 5.75%–10.5% |
| LTV purchase | Up to 85% select markets |
| LTV cash-out | Up to 80% select markets |
| DSCR minimum | 1.0–1.25 (no-ratio available) |
| Property types | SFR, 2–4 unit, select condos |
| Close | 14 business days |
STR vs LTR DSCR comparison
| Factor | Short-term rental | Long-term rental |
|---|---|---|
| Income proof | AirDNA / platform history | Lease or Form 1007 |
| Seasonality | Must show trough months | Steadier |
| Lender pool | Smaller | Larger |
| No-seasoning cash-out | Select programs | Varies by market |
Verify local STR licensing before DSCR close — unlicensed STR income may not count.
No-seasoning cash-out use cases
- BRRRR recycle after STR ramp on renovated unit
- Portfolio recap across multiple STR doors
- Rate arbitrage on recently stabilized asset
City-level guides supplement this hub — national intent stays here. Calculator: DSCR calculator.
Underwriting mistakes sponsors make
- Projecting peak month ADR across full year
- Ignoring city registration and HOA STR bans
- Mixing owner-block personal use without lender disclosure
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DSCR calculator · Submit refi · Get approved
STR income on DSCR — what underwriters actually accept
Most DSCR programs use long-term market rent (1007/1025), not trailing Airbnb calendar:
| Documentation | Typical acceptance |
|---|---|
| 12-month lease | Full credit toward DSCR |
| Market rent letter / 1007 | Standard on STR-capable programs |
| Trailing Airbnb 12-month | Select programs only — 75%–85% haircut |
| Pro forma STR only | Declined on permanent DSCR |
Bridge acquisition at 8.99%–13.5% while you prove STR track record, then refi at 5.75%–10.5% when program allows. See why STRs are booming · STR laws hub · DSCR calculator.
Related investor resources
STR to LTR fallback — underwrite both exits
If STR regulations tighten mid-hold, model LTR rent only:
| Market | STR gross | LTR equivalent | DSCR at 75% LTV |
|---|---|---|---|
| Coastal FL | $4,500/mo | $2,400/mo | Must pass on LTR |
| Urban TN | $3,200/mo | $1,900/mo | Stress test |
| Midwest | $2,800/mo | $1,650/mo | Often clears |
Bridge 8.99%–13.5% · Permanent 5.75%–10.5%. STR laws · STR boom · DSCR calculator. Furniture and staging after close: Airbnb furniture financing.
Related STR financing guides
| Topic | Guide |
|---|---|
| Product menu (all deal stages) | Short-term rental loans |
| Requirements checklist | Airbnb loan requirements |
| Buy → rehab → STR ramp | STR conversion hard money |
| Ground-up cabin / pool-home build | STR construction loans |
| Cash-out on operating STR | Airbnb cash-out refinance |
| STR DSCR rates (2026) | Short-term rental DSCR loan rates |
| Income underwriting methods | How lenders underwrite Airbnb income |
Hot STR markets — city financing guides (2026)
Tourism STR demand is not interchangeable. Permit, tax, and insurance gates differ by city — underwrite the ordinance, then the AirDNA.
| Market | Financing thesis | Guide |
|---|---|---|
| Kissimmee / Disney corridor | Osceola STR permits + pool-home HOA | Kissimmee STR loans |
| Nashville | Metro STRP + entertainment-district economics | Nashville STR loans |
| Scottsdale | Golf/event luxury STR + Arizona TPT | Scottsdale STR loans |
| Asheville | Buncombe caps + mountain seasonality | Asheville STR loans |
| Gatlinburg / Pigeon Forge | Cabin occupancy + Sevier permit/tax stack | Gatlinburg STR loans |
| Destin | City registration + wind/flood + Okaloosa bed tax | Destin STR loans |
| Gulf Shores / Orange Beach | Vacation-rental overlay + 16% lodging tax | Gulf Shores STR loans |
| Sedona | TPT + city permit; Coconino vs Yavapai | Sedona STR loans |
| Charleston | Owner-occupancy; overlay is the investor lane | Charleston STR loans |