At Cambridge Capital, we finance short-term and vacation rentals on their earning power. Our vacation rental loans start at 5.75% with up to 85% LTV, close in as few as 14 days, and never ask for tax returns or W-2s. If the bookings support the payment, we can help you move.
Same-day term sheet · no tax returns · fund in as few as 14 days.
A vacation rental loan is a DSCR loan built for properties that earn money by the night. DSCR stands for debt service coverage ratio. It measures whether the property’s income covers its own mortgage payment. Because we qualify the rental and not you, owners with heavy write-offs, variable income or a growing portfolio can finance the next getaway property without handing over tax returns.
A DSCR of 1.00x means the rent exactly covers the payment. Above 1.00x, the property pays for itself with room to spare. Many lenders insist on 1.0x to 1.25x. At Cambridge Capital, we can work with a floor as low as 0.75x when you bring reserves, which keeps seasonal markets and newly launched listings in play.
See What My Rental Qualifies For →A lease isn’t the only way to prove income. Depending on the property, we can use:
For established rentals
Documented Airbnb and Vrbo earnings show what the property actually brings in across seasons.
For new or newly bought listings
No track record yet? A projection based on comparable rentals in the area can qualify the property.
If you’d rather rent monthly
Planning to switch strategies? A signed lease or market rent works too.
How income is calculated and documented is set in underwriting and varies by property and borrower.
A mountain cabin is priced at $500,000. You put 25% down, so the loan is $375,000. It books at an average of $275 a night with 50% occupancy:
| Monthly rental income | $275 × 50% × 365 ÷ 12 ≈ $4,182 |
| Principal & interest | About $2,370 (6.5%, 30-year amortization) |
| Taxes + insurance | $350 + $300 = $650 |
| Monthly PITIA | About $3,020 |
| DSCR | 4,182 ÷ 3,020 ≈ 1.38x |
Illustrative only. Actual DSCR requirements, income calculations, rates and costs vary by property, borrower and program. The 6.5% rate is an example, not a quote.
Insurance on a vacation rental often costs more than on a standard rental, and in some markets it is the biggest line in the payment. A $200 higher monthly premium takes this same cabin from about 1.38x to roughly 1.30x, which is why we want a real insurance quote before we finalize terms.
Up to 85% LTV
Buy a vacation rental with high leverage and qualify on what the property is expected to earn.
Lock in long-term financing
Replace an existing mortgage or short-term loan with permanent DSCR financing.
No waiting period
Pull equity out right after a purchase or renovation, without the 6-12 month wait many lenders require.
Bridge to a DSCR loan
Furnish and renovate with short-term capital, then refinance once bookings are coming in.
Buy the next one
Your personal income doesn’t cap the number of rentals you can finance.
Close your way
Hold title in an LLC or other entity. Foreign nationals and first-time investors are welcome.
Ski, hiking and hot-tub getaways that book year-round.
Waterfront homes where summer and holiday weeks drive the income.
Reviewed with the association documents, dues and rental rules in mind.
City condos and homes that book for business and weekend travel.
Duplexes through fourplexes, with income from every unit counting toward DSCR.
Primary residences and second homes for personal use.
Local short-term rental licensing and HOA rules can affect eligibility. Confirm they allow vacation rentals before you buy.
| Feature | Cambridge Vacation Rental | Conventional Loan |
|---|---|---|
| Qualifies on | The property’s rental income (DSCR) | Your personal income and debt-to-income ratio |
| Documents | No tax returns, W-2s or pay stubs | Tax returns, W-2s, pay stubs and more |
| Short-term income | Booking history or projection can qualify | Often long-term lease only |
| Ownership | LLC or entity welcome | Usually an individual borrower |
| Portfolio growth | Not capped by your personal income | Often limited as financed properties add up |
| Cash-out timing | No-seasoning options | Often a waiting period after purchase |
| Speed | As few as 14 days | Often 30-45+ days |
Conventional column is a generic composite of commonly seen terms as of 2026, subject to change, and does not describe any specific lender.
Enter your nightly rate, occupancy and loan details to estimate your DSCR. Illustrative only.
Illustrative only; not a commitment to lend. Income = nightly rate × occupancy × 365 ÷ 12. DSCR = income ÷ PITIA. Between 0.75x and 1.00x can still qualify with reserves; 1.00x or higher means the income covers the payment. How we calculate short-term-rental income in underwriting may differ. The rate shown is an example; your rate depends on the property and borrower. Excludes closing costs and operating expenses such as cleaning, platform fees and utilities.
| DSCR | 0.75x floor with reserves; no personal income or employment verification |
| Leverage | Up to 85% LTV on purchase |
| Credit | 620+ FICO accepted; stronger credit earns better pricing |
| Rate | From 5.75% |
| Reserves | Required, with the amount depending on DSCR, leverage and credit profile |
| Rental income proof | Airbnb/Vrbo booking history or a market-based projection; lease or market rent if renting long-term |
| Property documents | Purchase contract, insurance quote, and condo or HOA documents where applicable |
| Appraisal | Required, including a market rent analysis |
| Borrower | Individual, LLC or entity; foreign nationals and first-time investors welcome |
| Not eligible | Primary residences and second homes for personal use |
Requirements shown reflect our strongest profiles and may vary by property, borrower and market conditions.
Send the address, price or value, and your booking history or expected nightly rate. A short application or a phone call is all it takes.
We calculate your DSCR and send a same-day term sheet with your rate, leverage and costs, so you know your options before you commit.
We order the appraisal and market rent analysis, confirm insurance and review entity and ID documents.
Sign, fund and start welcoming guests. Many loans close in as few as 14 days, and we’re here for your next property.
A DSCR loan for short-term and vacation rentals. It qualifies you on the property’s rental income, meaning its debt service coverage ratio, instead of your personal income or tax returns.
Yes. Documented short-term-rental earnings, or a market-based projection for a new listing, can be used to qualify the property.
A market-based projection built on comparable rentals in the area can qualify the property, so you don’t need a booking history to get started.
Many lenders require 1.0x to 1.25x. We can work with a floor as low as 0.75x when you bring reserves. Higher ratios generally earn stronger pricing.
No. We do not use tax returns, W-2s, pay stubs or employment verification. The property’s income, your credit profile, your equity and your reserves drive the decision.
We lend up to 85% LTV on purchases, with rates from 5.75% for our strongest profiles. Your exact leverage and rate depend on the property, its DSCR and your credit.
As fast as 14 days. Timing depends on appraisal turnaround, insurance, title work and how quickly documents are provided.
No. These loans are for investment properties that are rented to guests. Primary residences and second homes for personal use are not eligible.
That varies by location. Local licensing, zoning and HOA rules can affect whether a property is eligible, so confirm they permit short-term rentals before you go under contract.
Yes. We offer no-seasoning cash-out options, so you can access equity after a purchase or renovation without a long waiting period.
Yes. You can close in an LLC or other entity, and foreign nationals and first-time investors are welcome. We lend in all 50 states.
Talk to Cambridge Capital and get a same-day term sheet based on your property’s income, with no tax returns and no obligation. Fund in as few as 14 days.
© 2026 Cambridge Capital · Commercial Real Estate Finance. Vacation rental loans are business-purpose loans for non-owner-occupied investment properties and are not available for primary residences or second homes for personal use. Rates, points, LTV, DSCR requirements, terms and closing timelines are illustrative, subject to change without notice, and subject to borrower, property and deal qualification and underwriting approval. “Rates from 5.75%,” “up to 85% LTV,” “DSCR floor of 0.75x” and other figures reflect the strongest profiles and are not a quote or commitment to lend. Short-term-rental income qualification is evaluated case by case. Calculator results and examples are illustrative and exclude closing costs and operating expenses. Comparison figures are generic market composites and are not the terms of any specific lender. This page is informational and does not constitute financial, legal, tax or investment advice.
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