Illinois DSCR Loans — 80% LTV & 2026 Investor Underwriting Guidelines

Illinois DSCR loans allow real estate investors to acquire or cash-out refinance 1–4 unit rentals, short-term rentals (Airbnb/VRBO), and 5–100+ unit multifamily properties in Illinois (IL) up to 80% Purchase LTV and 75% Cash-Out LTV across 30-year fixed, ARM, and interest-only wholesale shelves with zero personal tax returns. At the Illinois median 1–4 unit price of $315,000 and Form 1007 rent of $2,650/mo (2.08% property tax, $560/$100K hazard insurance), an illustrative 75% LTV scenario models at 1.19x DSCR ($2,225/mo modeled PITIA).