How to Finance an Airbnb or Short-Term Rental

Short-term rentals are financed much like long-term rentals — the wrinkle is getting the lender to credit your projected Airbnb income. Here is how STR investors fund deals.

Your financing options

Best fit

DSCR Loans

DSCR (Debt Service Coverage Ratio) loans qualify based on the property's rental income, not your personal income or W-2s. The most popular loan product for buy-and-hold real estate investors scaling a rental portfolio.

88%
fit
Rate
6.5%–8.5%
LTV
75%–80%
Term
30-year fixed or 5/6 ARM
Min credit
620–680
  • Built for long-term holds
  • A rent-ready property qualifies for permanent financing right away

Conventional Investment Property Loans

Traditional Fannie Mae/Freddie Mac-backed mortgages for investment properties. The lowest rates available for investors, but require personal income qualification and are limited to 10 financed properties.

78%
fit
Rate
6.0%–7.5%
LTV
75%–80%
Term
15 or 30-year fixed
Min credit
680–720
  • Built for long-term holds
  • A rent-ready property qualifies for permanent financing right away

Portfolio Loans

Portfolio loans are held by the originating bank (not sold to Fannie/Freddie), giving lenders flexibility on guidelines. Ideal for investors with 5+ properties who need blanket financing or flexible underwriting.

56%
fit
Rate
7.0%–9.0%
LTV
70%–80%
Term
5–30 years (balloon or fully amortizing)
Min credit
650–700
  • Built for long-term holds

Lenders to start with

Bank Statement Loans

Non-QM loans that use 12–24 months of bank statements instead of tax returns to verify income. Designed for self-employed investors and business owners whose tax returns understate their actual income.

56%
fit
Rate
7.0%–9.5%
LTV
75%–80%
Term
30-year fixed or ARM
Min credit
660–700
  • Built for long-term holds

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The income question is everything

The financing itself looks familiar — conventional, DSCR, or bank-statement loans. What differs is how the lender treats short-term-rental income. A growing number of DSCR lenders run STR-specific programs that qualify the deal using projected nightly revenue (often via AirDNA or comparable market data) instead of a traditional twelve-month lease.

Not every lender offers this, so look specifically for those advertising STR or Airbnb DSCR programs. If you have strong personal income, a conventional loan still gives you the lowest rate; if you do not, an STR-friendly DSCR loan is usually the path.

Watch the local rules

Lenders increasingly check that short-term rentals are actually permitted at the address. Before you bank on STR income to qualify, confirm the city or county allows it — a regulatory ban can sink both the deal and the financing.

Frequently asked questions

Can I use a DSCR loan for an Airbnb?

Yes — many DSCR lenders now accept short-term-rental income, using platform data such as AirDNA to estimate revenue rather than a long-term lease. Look for lenders that specifically advertise STR or Airbnb DSCR programs.

Is it harder to finance a short-term rental than a long-term rental?

Slightly. Fewer lenders credit projected nightly income, and some require a higher down payment or reserves for STRs. Once you find an STR-friendly lender, the process mirrors a standard rental loan.

More financing scenarios