Capital Kings LLC

DSCR Loans in Philadelphia, PA.

DSCR loans for Philadelphia rowhouse and twin investors, qualified on the rent. Philly’s 1.4% tax rate is low next to Texas, so a modest rent carries a full-leverage loan, and the work is in the rental license and the inspection, not the ratio.

Get a DSCR term sheet →Run your numbers

Prefer to talk it through? Call or text Micah at (281) 636-5682.

Reviewed by Micah Foster, Founder & CEO · October 2026

Worked example, October 2026Mayfair, $224,000 house, 745 credit

Rent$1,650

Full payment$1,591

Principal + interest $1,218 Taxes $261 Insurance $112

DSCR1.04x

Rate7.21%

Cash to close$55,750

Price my Philadelphia rental →

In short Terms as of October 2026

Philadelphia DSCR loans are 30-year fixed rental loans qualified on the property’s rent, not your income. Rates start at 6.69% (760+ credit, 70% LTV, 5-year prepay), purchases go to 80% LTV at 700+ credit, the credit floor is 660, and the rent has to cover the full payment at 1.00 or better. On a $224,000 Philadelphia house renting for $1,650, with Philadelphia taxes at 1.4% of value, the ratio is 1.04 and cash to close is $55,750.

Capital Kings LLC is a broker, not a lender: we shop each Philadelphia rental across 400+ lenders and send the term sheet with every fee on it.

The terms

Philadelphia DSCR terms, as of October 2026

Rate	From 6.69%, 30-year fixed760+ credit at 70% LTV with a 5-year prepay. 7.46% at 700 to 719 credit and 80% LTV.
Loan to value	Up to 80% on a purchase75% on a cash-out refinance, 700+ credit
Minimum credit	66075% LTV at 680 to 699, 65% at 660 to 679
Minimum DSCR	1.00Rent divided by principal, interest, taxes, insurance and HOA
Origination	None lender originationLender fees about $2,295 (underwriting, legal, setup)
Broker fee	1%, $2,000 minimumThe only money Capital Kings earns, its own line on the term sheet
Reserves	3 months of the payment on a purchase6 months on a refinance
Minimum loan	$100,000
Close time	21-30 daysAppraisal with a rent schedule, entity docs and an insurance binder
Experience	None requiredA first rental prices the same as a tenth

Philadelphia DSCR rates by credit, as of October 2026

Credit	Purchase LTV	Purchase rate	Cash-out LTV	Cash-out rate
760+	80%	7.05%	75%	7.12%
740 to 759	80%	7.21%	75%	7.28%
720 to 739	80%	7.34%	75%	7.41%
700 to 719	80%	7.46%	75%	7.53%
680 to 699	75%	Priced per file	70%	Priced per file
660 to 679	65%	Priced per file	60%	Priced per file

Single family, rate at the maximum LTV, 5-year prepay. Add 0.26% for 2-4 units. We price every file against the whole network before you sign.

Worked example

One Philadelphia rental, priced the way the application prices it

A 3-bedroom rowhouse in Mayfair (19149) at Zillow’s typical home value for the ZIP, rented at Zillow’s average for 3-bedroom houses there, 745 credit, 80% financed, with the city and school tax on the assessed value.

Does it cover? 1.04x

Loan$179,20080% of $224,000 at 7.21%

Principal and interest$1,21830-year fixed

Property taxes$2611.4% of value, $3,136 a year

Insurance$112$1,347 a year

Full payment$1,591$1,650 rent ÷ $1,591 = 1.04 DSCR, $59 a month left before vacancy and repairs

Rent$1,650
Zillow’s average rent for 3-bedroom houses in 19149, against a 19149 home value index of $224,432. Zillow rental market trends, 3-bed houses, Mayfair 19149, Oct 18, 2026.
Property tax1.4%
the city and School District real estate tax, 0.6159% plus 0.7839% of the assessed value. City of Philadelphia, real estate tax, Oct 19, 2026.
Insurance$1,347 a year
NerdWallet’s Philadelphia average of $2,405 a year for $400K of dwelling coverage, scaled to this rowhouse. NerdWallet, average homeowners insurance cost by city, May 6, 2026. An owner-occupant average; a landlord policy can price differently, so get a quote.

The term sheet

Every fee, and who gets paid

The term sheet the application builds for this house: $44,800 down, every closing fee, and who each dollar goes to.

Cash to close$55,750

Proof of funds to show$60,523

Where the $55,750 goes

Down paymentEquity$44,800
Appraisal feeAppraiser$550
Prepaid interestLender$531
Lender fees, underwriting and legalLender$2,295
Broker feeBroker$2,000
Closing / titleTitle co$3,443
Property insurance, first yearInsurer$1,347
Escrow setup, 3 months of taxesLender$784

Proof of funds adds $4,773 of reserves, 3 months of the $1,591 payment, that stay in your account.

Sample sheet, fictional borrower, same engine that builds yours. Yours takes about two minutes and doesn’t pull your credit.

Run the numbers

Price your Philadelphia rental

Purchase price or valueMonthly rentCredit scorePurposeUnitsAnnual taxes (blank = 1.4%)

Enter your numbers to see the rate, the loan size and the ratio.

Get the real term sheet →Same numbers as the application. No credit pull, nothing saved.

Philadelphia notes

What moves the ratio in Philadelphia

Northeast Philadelphia ZIPs like Mayfair, Frankford and Olney are the city’s steady rental market: brick rowhouses, long tenancies, and prices low enough that the rent clears at 80%. In Fishtown and Point Breeze the price outruns the rent.

Taxes

Philadelphia taxes on the Office of Property Assessment value at about 1.40%. The Office of Property Assessment revalues the city, so check the current OPA value rather than the seller’s old bill.

Insurance

Rowhouse policies are inexpensive next to the Sun Belt. Shared walls and older roofs are what carriers ask about, along with the electrical service.

Rent

Every rental in the city needs a Rental License from Licenses and Inspections, and the lender’s rent only counts if the unit can be legally leased. Line it up before closing so the lease is in place on day one.

Where it pencils

Mayfair, Tacony, Frankford, Olney and Port Richmond are the rental ZIPs we price most often in the city.

DSCR loans across Pennsylvania →Hard money and flip loans in Philadelphia →Every Pennsylvania program →

Local figures: Zillow rental market trends, 3-bed houses, Mayfair 19149, Oct 18, 2026 · Zillow home value index, Mayfair 19149, Sep 30, 2026 · City of Philadelphia, real estate tax, Oct 19, 2026 · NerdWallet, average homeowners insurance cost by city, May 6, 2026 · City of Philadelphia, realty transfer tax, Oct 19, 2026.

Questions

Philadelphia DSCR FAQ

What are DSCR loan rates in Philadelphia, PA right now?

As of October 2026, from 6.69% on a 30-year fixed for 760+ credit at 70% LTV with a 5-year prepay. At the 80% purchase cap: 7.05% at 760+, 7.21% at 740 to 759, 7.34% at 720 to 739, 7.46% at 700 to 719. Add 0.24% for a cash-out refinance and 0.26% for 2-4 units. No lender origination; lender fees about $2,295 plus our 1% broker fee ($2,000 minimum).

How much do I need to put down on a Philadelphia DSCR loan?

At least 20% of the price at 700+ credit, 25% at 680 to 699 and 35% at 660 to 679, plus closing costs and 3 months of the payment in reserves. On the $224,000 example that is $44,800 down, $55,750 cash to close and $60,523 of proof of funds.

Does a typical Philadelphia rental qualify for a DSCR loan?

On our example, yes: a $224,000 house in Mayfair renting for $1,650 carries a $179,200 loan at 7.21%. The full payment is $1,591 ($1,218 principal and interest, $261 taxes, $112 insurance), so the ratio is 1.04 and the rent clears the 1.00 minimum at the full 80% LTV.

What property tax and insurance numbers should I use in Philadelphia?

The real ones, because both sit inside the payment the rent has to cover. We used 1.4% of value for taxes (the city and School District real estate tax, 0.6159% plus 0.7839% of the assessed value) and $1,347 a year for insurance (NerdWallet’s Philadelphia average of $2,405 a year for $400K of dwelling coverage, scaled to this rowhouse). Get a landlord policy quote and the county’s tax estimate before you go under contract.

What credit score do I need for a DSCR loan in Philadelphia?

660 or higher on the instant term sheet. Credit sets the leverage: 80% LTV at 700+, 75% at 680 to 699 and 65% at 660 to 679. Below 660, we price the file by hand across the network.

Can a first-time investor get a DSCR loan in Philadelphia?

Yes. There is no experience requirement: the property qualifies, not your landlord history. You need 660+ credit, the down payment, 3 months of reserves and a rental whose rent covers the full payment, held in an LLC.

How fast does a DSCR loan close in Philadelphia?

21-30 days days is typical once the appraisal with its rent schedule, the entity documents and the insurance binder are in.

Is Capital Kings a DSCR lender in Philadelphia?

No. Capital Kings LLC is a broker. We shop your Philadelphia rental across 400+ lenders, price it on one term sheet with every fee shown, and run the file to closing. Our 1% broker fee is the only money we earn on the loan.

Does Philadelphia’s transfer tax change a DSCR purchase?

It adds to closing costs. The combined city and state realty transfer tax is customarily split between buyer and seller in Philadelphia, and your share is not in the instant term sheet’s title estimate. Add it to the cash to close on this page; the title company itemizes it on the closing statement.

Do I need a Philadelphia rental license for a DSCR loan?

You need one to rent the property legally, and the lender underwrites on a rent that can be legally collected. Apply with Licenses and Inspections as part of closing so the lease starts on time.

Who you’re working with

Founder & CEO

Micah Foster

Micah brokers DSCR, hard money and new construction loans for real estate investors across 37 states. He founded Capital Kings LLC to give investors a broker who shops the market on their behalf instead of pitching one lender product, and every term sheet he sends is itemized down to the last fee.

Send Micah your rental →

Keep reading

Before you buy the rental

Ready to price your Philadelphia rental?

Two minutes to an instant DSCR term sheet. No credit pull, no tax returns, every fee on the page.

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