Yes, a DSCR loan may be possible for a short-term rental in Phoenix with 12 months of Airbnb income history. Many DSCR programs allow short-term rental income, and having a full 12-month rental history can help support the property’s cash flow.

For a DSCR loan, the lender generally focuses more on the property’s income than your personal income. Instead of using W-2s, tax returns, or traditional debt-to-income ratios, the lender looks at whether the rental income can cover the property’s housing payment.

For a short-term rental, the lender may consider:

– 12 months of Airbnb or VRBO income history
– A year-end earnings statement or monthly platform statements
– A signed lease or booking history, if applicable
– A short-term rental market rent report
– The property’s mortgage payment, taxes, insurance, and HOA dues
– Local rules for short-term rentals in Phoenix or Maricopa County

The key number is the DSCR, or debt service coverage ratio. A DSCR of 1.0 means the property’s income equals the monthly housing payment. Some programs may allow DSCRs below 1.0, while stronger ratios can improve the file.

Other factors that typically matter include:

– Credit score, often around 660-680 minimum depending on the program
– Down payment or equity
– Loan purpose, such as purchase, refinance, or cash-out refinance
– Property type
– Investor experience
– Whether the property is properly permitted or legally allowed as a short-term rental

So, yes, 12 months of Airbnb income history is a strong starting point for a Phoenix short-term rental DSCR loan, but approval will depend on the property’s income, expenses, credit profile, equity, and program guidelines.

Yes, you can typically get a DSCR loan for a short-term rental (STR) in Phoenix with 12 months of Airbnb history, and that documented income often helps your qualification. Phoenix is a strong STR market that most DSCR lenders are comfortable underwriting.

**How DSCR lenders evaluate STR income:**

* **12 months of history** is the gold standard. Lenders generally pull from your Airbnb/VRBO host dashboard, 1099s, or tax returns.
* Income is usually averaged over the trailing 12 months (net of platform fees).
* Some lenders blend actual STR income with a market rent appraisal (Form 1007) and use the lower or an average.
* Operating expenses (cleaning, management, utilities) may be deducted depending on the lender.

**Typical DSCR program parameters for STRs:**

* Minimum credit score: generally 660-680, with better pricing at 700+.
* Down payment: usually 20-25% for purchase; cash-out refis often capped at 70-75% LTV.
* DSCR ratio: most lenders want 1.0 or higher (income covers the mortgage payment); some allow sub-1.0 with pricing adjustments or larger down payments.
* Reserves: typically 6 months of PITIA.
* Property must be legally permitted as an STR. Phoenix currently allows STRs but requires registration with the city.

**A few Phoenix-specific things to confirm:**

1. The property is properly registered with the City of Phoenix as a short-term rental.
2. The HOA (if any) permits STR use. This is a common deal-killer.
3. You have clean Airbnb statements showing gross revenue, fees, and payouts.

**What to gather before applying:**

* 12 months of Airbnb/VRBO transaction history.
* Most recent two years of tax returns if you’ve reported the income.
* Phoenix STR permit/registration.
* Insurance quote with STR endorsement (regular landlord policies often won’t cover it).

The fact that you have a full year of seasoned income puts you in a stronger position than investors trying to qualify off projected market rents alone.

Yes, you can generally get a Debt Service Coverage Ratio (DSCR) loan for a short-term rental property in Phoenix using 12 months of Airbnb income history. Many DSCR programs are specifically designed for short-term rentals and will use your actual 12-month operating history to qualify the property.

A DSCR loan focuses on the property’s cash flow rather than your personal income, tax returns, or employment history. Lenders calculate the DSCR by dividing the property’s monthly rental income by its monthly housing expense (principal, interest, taxes, insurance, and HOA fees). For short-term rentals, having a proven 12-month track record is highly advantageous because it allows lenders to use actual historical revenue rather than relying solely on projected market data.

When applying for a DSCR loan on an existing Airbnb, lenders will typically look for the following:

* **Proof of Income:** You will generally need to provide 12 months of payout statements directly from Airbnb (or VRBO) alongside the corresponding bank statements showing those deposits.
* **Target DSCR Ratio:** Most programs require a DSCR ratio of 1.0 or higher, meaning the monthly average Airbnb income fully covers the monthly mortgage payment. Some lenders may accept lower ratios if you have a larger down payment or more equity.
* **Credit Score:** While your personal income isn’t verified, your credit history still matters. A minimum credit score in the 660-680 range is typically required to qualify.
* **Down Payment or Equity:** If you are purchasing a new property, expect to put down 15% to 25%. If you are refinancing your existing Phoenix property, you will generally need to leave 20% to 25% equity in the home.

Because Phoenix is a popular and established market for short-term rentals, lenders are usually very comfortable financing properties there. However, the lender will still verify that short-term rentals are legally permissible in your specific municipality and that there are no Homeowner Association (HOA) restrictions prohibiting them.