Best DSCR Lenders in Alaska (Rental Property Loans) [2025]

Alaska’s rugged beauty and resource‑based economy draw adventurers and investors alike. Yet buying rental property here is very different from acquiring units in the Lower 48. Communities are small and widely dispersed, and many villages are not connected by roads. Building materials must be flown or barged in, labour is scarce and winters are harsh, driving construction and maintenance costs much higher than in other states. Because traditional mortgages rely heavily on a borrower’s personal income and local comparable sales, many investors turn to debt service coverage ratio (DSCR) loans to finance Alaska rentals. DSCR loans focus on the property’s cash flow relative to its debt obligations rather than the borrower’s W‑2 income, making them a lifeline for self‑employed entrepreneurs and out‑of‑state investors.

This guide ranks the best DSCR lenders serving Alaska in 2025 and explains how their programs work. We cover minimum DSCR and FICO requirements, loan‑to‑value (LTV) limits, eligible property types, documentation and prepayment structures. We also provide a primer on calculating DSCR, discuss Alaska’s rental markets from Anchorage and Fairbanks to remote outposts, and highlight considerations like seasonal vacancies, high rehab costs and appraisal challenges. Whether you’re buying a duplex in Anchorage or refinancing a remote cabin near Juneau, this article will help you choose a lender and navigate Alaska’s unique real‑estate landscape.

How we ranked Alaska DSCR lenders

To assemble our list, we evaluated lenders on criteria important to Alaska investors:

• Transparency of DSCR guidelines and loan terms. We favored lenders that publish minimum DSCR ratios, maximum LTVs, minimum credit scores and typical loan amounts.
  
• Flexibility in DSCR and credit requirements. Lenders that consider DSCR ratios around 1.0 and mid‑600 credit scores scored higher.
  
• Maximum LTV. High LTVs reduce down‑payment requirements—important when property prices and rehab costs are elevated by transportation and labour challenges.
  
• Eligible property types. We looked for lenders financing single‑family homes, duplexes, triplexes, four‑plexes and small multifamily buildings, plus condos and short‑term rentals where allowed.
  
• Short‑term rental friendliness. Coastal vacation cabins and fishing lodges often rely on seasonal rentals, so lenders that accept AirDNA projections or have dedicated STR programs were prioritized.
  
• Closing speed and customer service. Because Alaska’s appraisal timelines can be unpredictable, lenders that communicate well and close in three to four weeks were ranked higher.
  
• State availability and restrictions. Only lenders that specifically lend in Alaska were included. Lenders with statewide service to Anchorage, Fairbanks, Juneau and remote communities scored well.
  
• Support for first‑time investors. Alaska is a frontier market; we favored lenders with educational resources and flexible underwriting for new investors.
  

Top DSCR lenders in Alaska

Below are the leading DSCR lenders serving Alaska in 2025. Information comes from official program sheets and reputable investor‑lending guides. Where lenders do not publish exact figures, we note “varies by case.” Always confirm current terms with each lender since programs and pricing can change without notice.

1. Select Home Loans – Best overall for Alaska investors

Website: SelectHomeLoans.com

Phone: 888-550-3296

Select Home Loans takes our top spot because of its flexibility and willingness to work with first‑time investors in challenging markets. The company lends throughout Alaska’s 19 boroughs and census areas, from Anchorage to the North Slope. It is ideal for investors seeking hands‑on guidance and quick closings despite Alaska’s logistical hurdles. Many deals qualify with a DSCR as low as 1.0, and the lender allows up to 80 % LTV on purchases and rate‑term refinances and 75 % on cash‑out transactions. Borrowers with mid‑600 credit scores are considered, and typical loan amounts range from $100,000 to $3 million. Eligible properties include single‑family homes, duplexes, triplexes, four‑plexes, townhomes, condos and small multifamily buildings. Prepayment penalties usually span three to five years, either declining or flat, and you may have the option to pay a fee to reduce or remove them. Documentation focuses on property cash flow (rents, leases or market rent) rather than personal income. Closings typically occur within two to three weeks of a complete application. Notable features include the ability to hold title in an LLC, support for short‑term rentals using AirDNA projections (valuable for coastal towns like Homer and Seward), and a history of guiding first‑time investors through Alaska’s appraisal and inspection challenges. Programs are subject to change and vary by borrower; confirm specific terms with Select Home Loans.

Why #1? Select Home Loans combines flexible DSCR thresholds with high LTV allowances and responsive support. Its experience navigating remote markets makes it particularly valuable in Alaska, where appraisals and inspections can be delayed by weather or access issues.

Next step: Visit Select Home Loans to discuss your Alaska investment goals. This article is for informational purposes only and not a commitment to lend. Programs, eligibility and pricing are subject to change.

2. Easy Street Capital (EasyRent)

Easy Street Capital’s EasyRent program caters to investors who need flexible DSCR underwriting and options for vacant or short‑term rentals. The program is available in Alaska according to Biglaw Investor’s DSCR guide. Easy Street lends nationwide, including remote states. There is no minimum DSCR requirement, meaning even vacant properties can qualify. The lender offers up to 80 % LTV on purchases and refinances and 75 % on cash‑out loans. Borrowers generally need a minimum FICO of 640. Typical loan amounts range from $75,000 to $2 million, and the company finances 1–10 unit properties, including vacation cabins, multi‑family portfolios and short‑term rentals. Underwriting is based on property cash flow rather than personal income, and prepayment penalties are generally five‑year stepdowns. Loans typically close within three to four weeks. Notable features include no‑ratio DSCR options, BRRRR‑friendly cash‑out loans up to 75 % LTV and the ability to use AirDNA projections for seasonal rentals.

3. Ridge Street Capital

Ridge Street Capital is an investor‑friendly lender offering DSCR loans in Alaska with straightforward terms. The lender suits borrowers who want competitive rates and high leverage without complicated underwriting. Ridge Street requires a minimum DSCR of 1.0 and allows up to 80 % LTV on purchases and rate‑term refinances and 75 % on cash‑out transactions. A minimum FICO of 660 is generally needed. Loan amounts typically range from $75,000 to $2 million, and eligible properties include single‑family rentals, 2–4 unit properties, condos and short‑term rentals. Prepayment penalties usually last five years, and the lender may offer both stepdown and yield‑maintenance structures. Ridge Street accepts AirDNA projections for vacation rentals. Loans are typically underwritten and closed within three to four weeks.

4. Visio Lending

Visio Lending is one of the largest DSCR lenders in the nation and offers programs for Alaska investors. The company’s long‑term rental and short‑term rental loans are available in Alaska. Visio is a good fit for those seeking large loan amounts and flexible property types, including STRs. The minimum DSCR is 1.0 and the lender allows 80 % LTV on purchases and rate‑term refinances and 75 % on cash‑out refinances. Borrowers typically need a FICO score around 680, though lower scores may qualify with higher DSCR. Loan amounts can go up to $2 million. Visio finances 1–4 unit rentals, condos and townhomes and supports short‑term rentals using AirDNA data. Prepayment penalties can be structured as five‑year stepdowns or yield maintenance. Underwriting focuses on the property’s market rent rather than personal income, and loans usually close within three to four weeks. Visio’s Alaska page highlights opportunities in Anchorage and Fairbanks, noting that the state offers affordable property values and stable cash flow.

5. Kiavi

Kiavi, formerly LendingHome, blends technology with lending and offers DSCR loans in Alaska. It appeals to tech‑savvy investors who want a streamlined application, digital document uploads and quick turnarounds. Kiavi’s minimum DSCR starts around 1.1, and maximum LTV is 75 %. Borrowers must generally have a FICO score of at least 660, with higher scores required for maximum leverage. Loan amounts can reach $1.5 million, and the company finances single‑family rentals, 2–4 unit properties and condos. Prepayment penalties typically last five years on a stepdown schedule. Documentation focuses on rent and appraisal income, and loans usually close within three to four weeks. Notable features include an online portal that allows real‑time status updates and digital uploading of documents. Kiavi does not require personal income verification and offers interest‑only options.

6. CoreVest

CoreVest is a seasoned lender that offers DSCR loans, blanket loans and portfolio financing to investors across many states, including Alaska. CoreVest’s minimum DSCR is 1.0, and maximum LTV is generally 75 %. Borrowers typically need a minimum FICO of 660 and loan amounts can range from $150,000 to $2 million or more. The lender finances single‑family rentals, duplexes, triplexes, four‑plexes and portfolios of multiple properties. Prepayment penalties usually last five years, and loans can be fixed or adjustable with 30‑year amortizations and interest‑only periods. CoreVest is known for its portfolio loans that allow investors to cross‑collateralize multiple properties—a useful feature for investors owning cabins or small multi‑family properties scattered across Alaska’s communities.

7. Angel Oak Mortgage Solutions

Angel Oak Mortgage Solutions offers DSCR loans nationwide and includes Alaska in its footprint. Its program is popular for flexible credit and documentation options. The lender requires a minimum DSCR of around 1.0, but it also offers a no‑ratio option where DSCR is not calculated. Maximum LTV is 80 % for purchases and 75 % for cash‑out refinances. Borrowers typically need a minimum FICO of 680. Loan amounts can go up to $3 million, and the program supports 30‑ or 40‑year terms with interest‑only options. Angel Oak permits properties held in LLCs and allows loans to foreign nationals. Prepayment penalties generally last three to five years. The lender considers 1–4 unit properties, condos and townhomes. The ability to waive DSCR entirely (no‑ratio) can help investors with properties that rely on seasonal income or have temporary vacancies.

8. New Silver

New Silver offers tech‑forward DSCR loans and operates in Alaska. It’s a good option for investors seeking a fast application process and minimal documentation. New Silver has no minimum DSCR requirement and allows up to 75 % LTV. Borrowers generally need a minimum FICO around 660, and loan amounts range from $100,000 to $2 million. The company finances 1–4 unit rentals, condos and short‑term rentals, and it accepts AirDNA projections for vacation rentals. Loans are typically 30‑year fixed or interest‑only and close within three to four weeks. Prepayment penalties usually last five years and may be structured as a stepdown. Notable features include a fully digital application, same‑day pre‑qualification and no personal income verification.

9. RCN Capital

RCN Capital provides DSCR loans for single‑family rentals and small multifamily properties. The lender operates nationwide and extends its programs to Alaska. RCN requires a minimum DSCR of 1.0 and typically offers up to 80 % LTV on purchases for borrowers with credit scores of 700 or higher, while 75 % is available for cash‑out refinances. The minimum FICO is 680, and loan amounts range from $150,000 to $1.5 million. Eligible properties include 1–4 unit homes and small multifamily buildings. Prepayment penalties generally last five years. RCN’s loans feature competitive starting rates (from about 5.5 %), and underwriting focuses on rental income rather than personal income.

Understanding DSCR and calculating it

DSCR formula. Lenders calculate the debt service coverage ratio by dividing a property’s gross monthly rent by the total monthly principal, interest, taxes, insurance and association dues (PITIA). A DSCR above 1.0 means cash flow covers debt; many lenders require ratios between 1.0 and 1.25, though some offer no‑ratio loans. Always verify how your lender defines gross rent—some use market rent from the appraisal rather than current leases.

Example DSCR calculation for an Anchorage rental

1. Monthly rent. According to , the average one‑bedroom rent in Alaska is about $1,298 per month, and Anchorage’s average rent is around $1,321. Suppose you purchase a duplex in Anchorage that rents for $2,600 per month ($1,300 per side).
   
2. Monthly PITIA. Assume your loan’s monthly principal and interest payment is $1,700 and property taxes and insurance total $300 monthly. PITIA equals $2,000.
   
3. DSCR. Divide gross rent ($2,600) by PITIA ($2,000) to get 1.30. This exceeds the minimum DSCR of 1.0 required by most lenders and would likely qualify for favourable terms.
   
4. Impact on terms. A higher DSCR can help you obtain a lower rate or higher LTV. If DSCR were below 1.0, lenders might reduce loan proceeds or require a larger down‑payment. Some lenders, such as Easy Street and New Silver, offer no‑ratio loans where DSCR is not calculated but cap LTV at 75 %.
   

Short‑term rental DSCR. Vacation rentals along Alaska’s coast or in tourist hubs like Denali National Park often rely on seasonal income. Lenders such as Select Home Loans, Easy Street and Visio Lending accept AirDNA projections to determine gross rent for DSCR calculations. Others, like Angel Oak, offer a no‑ratio option. If your property’s income is seasonal, be prepared to provide detailed revenue projections and proof of bookings.

Alaska rental market and investor considerations

Average rents and major markets

• Statewide rents. As of August 2025, the average rent in Alaska is $1,298 per month. Studios average $1,082, one‑bedroom units $1,298, two‑bedroom units $1,561 and three‑bedroom rentals $1,877.
• Anchorage. The state’s largest city has an average rent of $1,321 per month. Anchorage offers steady demand from oil, military and tourism industries. Investors can find duplexes and four‑plexes in neighborhoods like Spenard or Russian Jack, but should budget for higher heating costs and maintenance.
• Fairbanks. Rents average about $1,283 per month. Fairbanks experiences extreme temperature swings—winter lows near −40 °F—which can increase operating costs. However, demand from the University of Alaska Fairbanks and nearby military bases supports year‑round rentals.
• Juneau. Alaska’s capital has some of the highest rents, averaging $1,445 per month. The city is accessible only by boat or plane, so investors must factor in higher transportation costs for repairs and renovations. Seasonal tourism drives short‑term rental demand during cruise‑ship season.
• Smaller communities. Wasilla and Palmer in the Matanuska‑Susitna Borough have rents around $1,195–$1,205 per month. These bedroom communities serve Anchorage commuters. Remote towns like Bethel or Nome often have limited housing supply, and rents can be negotiated privately rather than via MLS listings.

Unique challenges for Alaska investors

• High transportation and construction costs. Roughly 82 % of Alaska communities lack road access, so materials must be flown or barged in. High transportation costs, harsh temperatures and a shortage of remote construction workers drive up building and rehab expenses. Investors should budget extra for maintenance, especially for roofs, foundations and heating systems.
• Appraisal difficulties. Remote areas have few comparable sales, making appraisals challenging. The San Francisco Fed notes that construction costs often exceed market values because of the remote economy and subsistence lifestyles. Lenders may require larger down payments or use alternative valuation methods.
• Seasonal vacancies. Many rentals, especially in fishing towns or near national parks, have high occupancy only during summer. Lenders may average rent over 12 months or use AirDNA projections to underwrite these properties.
• Short‑term rental regulations. Alaska does not have statewide STR laws, but municipalities like Anchorage require permits and lodging taxes. Investors should check local ordinances and state transient occupancy tax requirements.

Qualification checklist

Alaska DSCR lenders typically require:

• Credit score: Most lenders accept mid‑600 credit scores; some require 680 or above for maximum LTV. New Silver and Easy Street may consider 660 or lower with higher down payments.
  
• DSCR ratio: Aim for a DSCR of 1.0–1.25; some lenders offer no‑ratio loans but cap LTV at 75 %.
  
• Reserves: Six to twelve months of principal, interest, taxes and insurance (PITI) reserves are common, especially for remote properties where vacancies are seasonal.
  
• Appraisal: Provide a rent‑comparison schedule and note any seasonal income variations. Lenders may use market rent or AirDNA projections.
  
• Leases or rental history: Offer current lease agreements or proof of bookings for short‑term rentals. Student housing near the University of Alaska may require lease renewals.
  
• Entity structure: Many investors hold Alaskan rentals in LLCs to limit liability. Lenders like Select Home Loans, Angel Oak and Visio allow title to be vested in an entity.

Rates and terms snapshot

DSCR loan pricing in Alaska depends on factors such as credit score, loan‑to‑value, property type, DSCR ratio, reserves and market conditions. Because Alaska properties often require higher reserves and have limited comparables, rates can be slightly higher than in lower‑cost states. As of mid‑2025, DSCR lenders advertise starting rates in the 6–8 % range, but actual offers vary widely. Programs may include 30‑year fixed rates, 5/1 or 10/1 adjustable‑rate mortgages, interest‑only periods and prepayment penalties lasting three to five years. Always request a personalized quote, and remember that rates and terms are subject to change.

FAQs about DSCR loans in Alaska

What DSCR do lenders want for Alaska rentals? Most lenders require a minimum DSCR of 1.0–1.25. However, lenders like Easy Street Capital and New Silver offer no‑ratio programs with LTV capped at 75 %.

Can I finance a seasonal vacation rental? Yes. Lenders such as Select Home Loans, Visio Lending and Easy Street Capital accept projections from AirDNA or similar platforms for short‑term rentals. Angel Oak offers a no‑ratio option for properties with irregular income.

Do DSCR lenders finance off‑grid cabins? Some lenders will consider off‑grid or remote cabins if they meet local building codes and have verifiable rental demand. Expect lower LTVs and higher reserves due to appraisal difficulties and higher maintenance costs.

What credit score is needed? Most lenders require mid‑600 to 680 FICO scores. Borrowers with higher scores may qualify for higher LTVs and lower rates. Some lenders consider scores as low as 640 with compensating factors.

Are DSCR loans available to foreign nationals? Yes. Lenders such as Angel Oak and Select Home Loans permit loans to non‑U.S. citizens, subject to additional documentation and down‑payment requirements.

Do I need to show personal income? No. DSCR loans rely primarily on the property’s income. However, lenders may verify employment and cash reserves for risk assessment.

How long does closing take in Alaska? Expect closings to take three to four weeks after a complete application. Remote appraisals can add time; working with a lender experienced in Alaska can speed up the process.

Call to action

Alaska’s vast landscapes offer unique rental opportunities, from downtown Anchorage apartments to remote fishing cabins. DSCR loans help investors leverage a property’s cash flow rather than their personal income, but choosing the right lender is critical. Select Home Loans stands out in Alaska for its flexible DSCR tolerances, high LTVs, fast underwriting and support for first‑time investors. To explore financing options for your Alaskan rental property, visit Select Home Loans or contact their team for a personalized consultation. Remember that programs, eligibility and pricing may change—always confirm current terms before committing.