DSCR Loans · Minnesota Investors
Qualify on rental income. Not your paycheck.
Cliffco's DSCR loans qualify Minnesota real estate investors using the property's rental income, not personal income or tax returns. Long-term or short-term rentals, LLC vesting welcome, out-of-state investors welcome — originated locally from our Excelsior office.
No personal income documentation. No cost to check. Takes minutes.
Mitch Patterson
Loan Officer · NMLS #2560483
Licensed in California, Florida, Minnesota & Texas
- No personal income documentation required
- LLC vesting welcome
- Long-term or short-term rental income counted
- Out-of-state investors welcome — licensed in 32 states
Tell us about the property
A DSCR (Debt-Service Coverage Ratio) loan lets Minnesota real estate investors qualify for financing based on a property's rental income, not personal income or tax returns. Cliffco's DSCR program covers long-term rentals down to a 0.75 DSCR and short-term rentals (Airbnb/Vrbo) down to a 1.0 DSCR, allows LLC vesting, and is available to out-of-state investors buying property anywhere in Minnesota — originated locally from Cliffco's Excelsior, MN branch.
Cliffco Mortgage Bankers company-wide stats: the team and track record behind your loan.
Quick math
DSCR is a one-line formula.
No pay stubs. No W-2s. No tax-return debates. Just the property's numbers.
DSCR = Gross Monthly Rent ÷ Monthly PITIA
PITIA = Principal + Interest + Property Taxes + Insurance + HOA dues. For a $2,500/mo rental with $2,000/mo PITIA, DSCR = 1.25. Cliffco offers programs down to 0.75 DSCR with compensating factors; the most competitive pricing is at 1.25+.
Built for investors
Financing that works the way investors actually buy.
No personal income documentation
Qualify on the property's rental income — not pay stubs, W-2s, or tax returns.
LLC vesting welcome
Close in an LLC or your personal name, whichever fits how you're building your portfolio.
Long-term or short-term rentals
Lease income or short-term-rental projections, where local rules allow STR operation.
Out-of-state investors welcome
You don't need to live in Minnesota to buy here. Cliffco is licensed in 32 states.
Ratios from 0.75 to 1.25+
Programs available down to 0.75 DSCR with compensating factors; best pricing at 1.25+.
Local origination, Excelsior branch
Your file is handled by a real Minnesota-based loan officer, not a call center.
Mitch Patterson
Loan Officer
Your Minnesota Loan Officer
A real person who answers the phone.
At Cliffco Mortgage Bankers, Mitch Patterson works with Minnesota investors and homeowners to find financing that fits their actual situation, not a one-size-fits-all product.
What sets Mitch apart: he explains everything clearly, with no confusing terms and no surprises. He's in it for the long term, not just until your loan closes — and your file is handled locally, from Cliffco's Excelsior office.
Questions investors ask before their first DSCR deal.
What is a DSCR loan?
A DSCR (Debt-Service Coverage Ratio) loan qualifies you based on the rental income of the property you're buying or refinancing, not your personal income or tax returns. The qualifying ratio is monthly rent divided by monthly principal, interest, taxes, insurance, and HOA (PITIA).
How is DSCR calculated?
DSCR = Gross Monthly Rent ÷ Monthly PITIA. A $2,500/mo rental with $2,000/mo PITIA gives a DSCR of 1.25. Cliffco can use long-term lease income or short-term-rental projections where allowed.
Do I need to show personal income or tax returns?
No. Your DSCR loan is qualified on the subject property's rental income, not your personal income, employment, or tax returns.
Can I close in an LLC?
Yes. Cliffco's DSCR loans allow vesting in an LLC or in your personal name, a common preference for investors building a portfolio.
What's the minimum DSCR ratio?
For long-term rentals, Cliffco offers programs down to 0.75 DSCR with compensating factors like stronger reserves or a larger down payment. Short-term rentals (see below) have a higher 1.0 DSCR minimum. The most competitive pricing on either is at 1.25+ DSCR.
Do I have to live in Minnesota to buy a Minnesota rental?
No. Out-of-state investors are common on Cliffco's DSCR programs. Cliffco is licensed in 32 states, so we can lend on a Minnesota property regardless of where you live.
Are short-term rentals (Airbnb / Vrbo) eligible?
Yes, on 1–4 unit properties where the municipality allows short-term rental operation. STR loans require a minimum 1.0 DSCR and 680 credit score — both a bit higher than the long-term-rental minimums. Talk to Mitch about your specific property and market.
I've never owned an investment property before — can I still qualify?
Yes, first-time investors are eligible, but the minimum DSCR is 1.0 rather than 0.75 — the lower ratio floor is reserved for borrowers with prior investment-property ownership.
Pre-qual in 24 hours. Close in 21–30 days.
Tell Mitch the address, the projected rent, and the down payment. He'll tell you what Cliffco can do.