DSCR Financing in IL

DSCR Loans in Illinois

Chicago 2-4 units with deep Section 8 inventory, downstate cash flow, and a judicial foreclosure quirk investors need to price in.

Local Market Context

Investor Markets in Illinois

Chicago

Massive SFR and 2-4 unit market with deep Section 8 inventory on the south and west sides.

Rockford

Low entry prices and strong cash flow at the state's cheapest tier.

Peoria

Workforce housing and Section 8 inventory at sub-Chicago prices.

Springfield

State capital with stable government tenants and affordable SFRs.

Aurora

Chicago-suburb SFR rentals with more affordable entry than the city core.

Common Properties

What Investors Finance in Illinois

✓Chicago south/west side SFRs and 2-4 units
✓Section 8 portfolios in Chicago, Peoria, and Rockford
✓Rockford cash-flow SFRs
✓Aurora and Joliet suburban SFRs
✓Springfield government-tenant rentals

Property Types

DSCR Property Eligibility

Depending on the selected capital partner, eligible property types can include single-family rentals, condos, non-warrantable condos, 2 to 4 units, 5 to 8 units, 9 to 20 units, rural properties with leverage adjustments, and mixed-use properties that are at least 50% residential.

Refinance options Purchase options

Program Paths

Current DSCR Options in Illinois

Get Brick Capital works direct-to-wholesale across multiple capital partners. These are separate program paths, so the strongest feature from one option should not be assumed to combine with another.

Program 3

Completed Rehab

A completed renovation can use the new ARV immediately. Minimum 660 FICO, $75,000 loan, $100,000 property value, and no executed lease required.

Program 1

Small Balance

Loans can start at $50,000 with a $75,000 minimum property value. New-ARV cash-out generally requires at least 91 days and a lease is required.

Program 7

Low / No FICO, No Minimum DSCR

Qualifying purchases can reach up to 75% LTV and refinances up to 60% LTV, with no minimum DSCR ratio requirement and loan amounts up to $10 million. Pricing is materially higher than standard-credit programs.

Program 3 cash-out in Illinois is generally capped at 75% LTV. The 80% Program 3 cash-out tier is limited to specific states. Final leverage can also be reduced by DSCR, property type, value, loan size, and other overlays.

Illinois DSCR FAQ

Does Get Brick Capital offer DSCR loans in Illinois?

Yes. Illinois is one of the 46 states Get Brick Capital currently services through its wholesale capital-partner network.

Is Program 7 available in Illinois?

Yes. Program 7 can be available in Illinois for qualifying low-FICO, no-FICO, or no-minimum-DSCR scenarios. Purchases can reach up to 75% LTV and refinances up to 60% LTV.

Do I need W-2s or personal tax returns?

DSCR income qualification does not use W-2s, pay stubs, or personal tax returns. The most recent two months of bank statements are generally still required to verify closing funds and liquidity, and eligible assets can be used for reserves.

Can I close the loan in an LLC?

Yes. DSCR loans can close in an LLC. Other eligible vesting can include individual ownership, corporations, and approved trusts depending on the program.

See Your Illinois DSCR Options

No credit pull for the initial quote. Rates within 24 hours. Typical 28-day close with complete documentation.

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