Maryland DSCR Loans for Baltimore, Suburban and Shore Rentals

Yes, for business-purpose, non-owner-occupied investment property. Wholesale DSCR programs cover Maryland single-family homes, rowhouses and townhomes, warrantable condos and 2–4 unit buildings, and small-balance programs cover 5–10 units. Each lender sets its own credit, reserve and equity requirements, and the rent-to-payment ratio and the property have to work. Loan Daddy LLC is a broker, not a lender. Very low-priced Baltimore rowhouses can fall below some lenders' minimum loan amounts, so mention the price early.

Yes. Baltimore City requires every non-owner-occupied rental dwelling to be registered and licensed, and it requires an inspection before a license is issued. Operating without a license is a compliance risk and can affect your ability to collect rent. Lenders and title companies may ask about the license status. For buildings of nine or fewer units, every unit is inspected, and larger buildings use a sample. Budget for repairs needed to pass before lease-up.

Maryland's Reduction of Lead Risk in Housing law requires owners of pre-1978 rental units to register them with the Maryland Department of the Environment, generally within 30 days of acquiring the property, and to keep the registration renewed on MDE's schedule. Owners also have to give tenants required lead-risk information. Treatment and inspection rules apply at turnover. Much of Baltimore's and the older suburbs' housing stock predates 1978, so include registration and turnover costs in your reserves.

In much of the DC suburbs, probably not. Montgomery County requires a short-term rental license and proof that the property is the owner's primary residence, which a DSCR-financed property can't be. Ocean City and other resort areas have their own seasonal rental rules. Lenders count STR income only from a lawful use. See short-term rental DSCR for how lenders document STR and seasonal income.

Typically: lender-set credit, reserve and equity minimums, an appraisal with a rent schedule, a lease or market rent, insurance quotes and entity documents for LLC borrowers. Personal tax returns and W-2s generally aren't used. For Baltimore City properties, also have the rental license and lead registration status ready. Requirements move with the DSCR, the property type and the loan size, and comparing several lenders helps.

Can I live in it? No. DSCR loans arranged on this site are for business-purpose, non-owner-occupied investment property only. That rules out primary residences, second homes and Ocean City condos you'd use personally. You'll sign occupancy and business-purpose statements, and Maryland law looks at whether the purpose is truly commercial. If you plan to live in the property, you need a consumer mortgage, which this site doesn't arrange.

No. Wholesale lender partners price each Maryland file on credit, leverage, DSCR, property type, loan size and that day's market, so we don't publish pricing. Send a scenario through the application and we'll show you the options that actually fit your property. Maryland's state and county recordation and transfer taxes can add a lot to closing costs, so ask for a full estimate.

No. Loan Daddy LLC (NMLS #2827624) is a mortgage broker, not a lender. Maryland DSCR loans are arranged with wholesale lender partners, who underwrite and fund them.

Often, yes, if it's habitable, leasable and meets the lender's minimum loan amount and property standards. Have the rental license and lead registration status ready.

Possibly, if it's a business-purpose rental you won't use personally, the condo project meets the lender's review, and the program accepts any seasonal income.

Generally one month's rent, under Real Property 8-203, with return required within 45 days after the tenancy ends.

Usually yes, with personal guarantees and the entity documents in good standing with SDAT.

No. This site arranges business-purpose financing for non-owner-occupied investment property only.

Often, yes, once it's licensed where required, leased or rent-ready, and it meets the lender's seasoning rules.