Peak Choice Capital
DSCR Loans in Chicago
Chicago's trusted DSCR lender. Qualify based on your property's rental income, not your personal income. Perfect for Chicago and Illinois real estate investors.
Now offering No Ratio DSCR options for maximum flexibility in the Chicago market.
DSCR Loans for Chicago Real Estate Investors
A Debt Service Coverage Ratio (DSCR) loan is a type of non-QM loan that qualifies Chicago investors based on the rental income potential of their investment property, rather than personal income. This makes it ideal for financing rental properties throughout Chicago neighborhoods including Lincoln Park, Wicker Park, Logan Square, and across Illinois.
The DSCR is calculated by dividing the property's monthly rental income by the monthly mortgage payment (principal, interest, taxes, and insurance). A DSCR of 1.0 means the rental income exactly covers the mortgage payment. For Chicago investors seeking flexibility, we also offer No Ratio DSCR programs perfect for high-appreciation Chicago neighborhoods.
DSCR Formula:
Monthly Rental Income ÷ Monthly Mortgage Payment = DSCR Ratio
DSCR Loan Benefits
DSCR loans offer unique advantages for real estate investors and business owners
Our DSCR Programs
We offer flexible DSCR programs to meet different investment strategies.
Standard DSCR
Qualify based on the property's ability to cover its own debt service.
No Ratio DSCR
For properties in high-appreciation areas where cash flow may not cover the debt initially.
DSCR Loan Requirements
Simple qualification criteria focused on property performance
DSCR Ratio
Property rental income must meet or exceed 1.0x debt service coverage ratio
Property Types
Single-family, multi-family (2-4 units), condos, and townhomes
Down Payment
Minimum 20-25% down payment depending on property type and location
Perfect For These Investors
DSCR loans are ideal for various types of real estate investors and scenarios
Chicago Buy & Hold Investors
Perfect for building a rental property portfolio in Chicago neighborhoods with steady cash flow from multi-family and single-family rentals
Self-Employed Chicago Borrowers
Ideal for Chicago business owners and entrepreneurs who prefer not to provide tax returns or W-2s for property financing
Chicago Portfolio Expansion
Scale your Chicago and Illinois real estate investments without traditional income documentation - perfect for experienced investors
Foreign Nationals Investing in Chicago
Available for international investors looking to invest in Chicago's thriving rental property market