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Program 02
Rental / DSCR in Everett
DSCR loans for Everett rentals, built on cash flow.
Hold your rentals with financing that underwrites the asset, not just you. DSCR as low as 0.75, rates from 5.5% interest-only, and 30-year fixed options for single properties or whole portfolios. Everett's own gross yield trails Lake Stevens and Marysville, and the levy rate can shift by school district inside the same city, so a DSCR deal here is won on the parcel, not the metro average. Business-purpose only, and rates and structure are set in underwriting.
0.75
min DSCR
5.5%
rates from
30-yr
fixed avail.
80%
max LTV
Typical figures, subject to underwriting and market conditions. Not a commitment to lend.
How it works
No tax returns or personal income docs in most cases. We qualify on the property's cash flow, so you can scale your portfolio without the paperwork drag of conventional lending.
Who it's for
Buy-and-hold investors
Single rentals and portfolios
Short-term rentals considered
Rate/term and cash-out refi
Typical terms
Loan amount$100K to $3M
Max leverageUp to 80% LTV
DSCRFrom 0.75
CreditFrom 640
Term30-yr fixed / 5-7-10 ARM
RateFrom 5.50% IO*
PrepayFlexible structures
*Typical terms, subject to underwriting and market conditions.
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Local FAQ
Rental / DSCR in Everett, answered.
Does a DSCR loan work on Everett's gross rental yield?
Yes, but the math is tighter in Everett proper than in the county's other cities. Everett's own gross yield runs about 3.59% against Lake Stevens at 5.20%, Marysville at 4.99%, Monroe at 4.04% and Arlington at 4.00%, arithmetic against July 2026 Zillow value and rent index data. Read those as all-property-type index figures rather than cap rates or the yield on a specific rental house: Everett's large apartment stock pulls its number down, and single-family-heavy Lake Stevens and Marysville push theirs up. At a 3.6% gross yield and Everett's 0.859% typical property tax rate, high-leverage DSCR on a single stabilized house is a hard fit here. The ratio tends to work better on 2-to-4 unit stock and ADU-added properties, where the additional rent roll offsets the entry basis. Run the specific parcel's numbers before assuming the metro average applies.
Why does my Everett rental's property tax depend on which school district it sits in?
Because Everett has 17 tax code areas and a 35% spread between the highest and lowest rate, and the driver is the school district. A parcel in Everett School District territory carries a 2026 rate of 8.5886 per $1,000 of assessed value; the same city block in Mukilteo School District territory carries 7.7629, a difference of 0.8257 per $1,000. On the Assessor's typical $571,000 Everett residence that is roughly $471 a year, forever, between two houses that can sit across the street from each other. About 42% of Everett's assessed value sits in Mukilteo SD territory, not Everett SD. Pull the parcel's tax code area from the Assessor before underwriting the tax line.
Does Washington's statewide rent cap apply to an Everett DSCR rental?
Yes, for most non-owner-occupied rentals. Washington caps annual rent increases under RCW 59.18.700, set at 9.683% for 2026 and 10% for 2027, with no increase permitted in a tenancy's first 12 months. New construction is exempt for 12 years from its first certificate of occupancy, and vacancy decontrol applies between tenancies. A non-owner-occupied single-family rental is not exempt as an owner-occupied small property: that exemption requires the owner to live at the property, and it is unavailable to a REIT, a corporation, or an LLC with a corporate member. Talk to your attorney or CPA before structuring an increase around an exemption claim.
Can I run my Everett rental as a short-term rental instead of a long-term DSCR hold?
Only in a limited way, and it is worth reading before you plan around it. Everett caps short-term rentals at two sites per individual, marital group, group of people or entity such as an LLC citywide, under EMC 19.13.250, with an 8-guest limit and a parking requirement of three off-street spaces where on-street parking fronts the site, or four where it does not. A whole-unit stay under 30 days also triggers Everett's 11.90% combined lodging tax for the third quarter of 2026, made up of the 9.90% retail sales tax plus a 2.00% hotel-motel tax, on top of the city business license required to operate one. Those rates are set quarterly, so check the current one before you model a nightly rate. A rental of 30 days or more avoids that tax layer entirely. If your plan is a portfolio of short-term rentals, the two-property cap means it has to cross city lines; a long-term DSCR hold does not have that constraint.
Should I underwrite DSCR on a single Everett house, or does the ratio only work with added units?
The ratio tends to come from added units, not a single stabilized house. At a county gross yield near 3.6% against Everett's 0.859% typical property tax rate, high-leverage DSCR on one stabilized single-family house is a hard fit. Where the ratio works better is 2-to-4 unit stock and properties with an ADU added, where the extra rent roll offsets the entry basis rather than one rent check carrying the whole loan. That's a structural read on the market, not a statement about any one property, so run the actual parcel's rent and expense numbers before assuming which side of that line your deal lands on.
What does it actually cost to run an Everett rental once it is stabilized?
Everett's own single-family utility bill is $168.20 per 30 days, effective 2026-08-01, on a standard 3/4-inch service, or about $2,018 a year. Sewer and surface water make up $126.78 of that bill, more than triple the water charge. Against Everett's $1,939 observed monthly rent in July 2026, Zillow's all-property-types index, that utility bill runs roughly 8.7% of gross rent before any other expense. The city has published a rate-increase program running 2025 through 2028, and a separate new city utility tax took effect 2026-08-01 whose rate the city has not published. Underwrite today's $168.20 and flag that the increase schedule exists rather than guessing at an escalator.
What credit score do I need for a DSCR loan on an Everett rental?
640 and up. DSCR is one of the few programs we run with a real score floor, because the loan is priced off the property rather than off you. Everything else stays asset-based: DSCR from 0.75, and no W-2s, pay stubs or tax returns, since qualification comes off the rent the property collects. In Everett the ratio itself is usually the tighter test, which is why 2-to-4 unit stock and ADU-added properties clear it more easily than one stabilized house. Subject to underwriting.
How much do I need to put down on an Everett DSCR rental?
At least 20% of the purchase. Max leverage is up to 80% LTV, so on a $650,000 Everett purchase that is $520,000 from us and $130,000 from you (650,000 x 80% = 520,000). Loan amounts run $100K to $3M. Add closing costs and the real tax line for that parcel's own tax code area, which splits by school district inside Everett rather than following the city's typical rate. Subject to underwriting.
Is there a prepayment penalty on an Everett DSCR loan?
Prepayment is a flexible structure on this program, set in underwriting against how long you actually intend to hold. Tell us up front whether the Everett property is a ten-year hold or something you expect to refinance out of in two, because the structure follows the plan rather than the other way around. Terms run 30-year fixed or a 5, 7 or 10-year ARM. Subject to underwriting.
More Rental / DSCR questions, answered on the program page
Resources
Guides for Rental / DSCR
Rental / DSCR · 5 min read
What Is a DSCR Loan? How Investors Qualify on Rental Income
Read the guide Strategy · 6 min read
Financing the BRRRR Method: Buy, Rehab, Rent, Refinance, Repeat
Read the guide Rental / DSCR · 5 min read
DSCR vs Conventional Loan: Which Is Better for Investment Property?
Read the guide Rates & Costs · 5 min read
Hard Money Loan Rates and Costs, Explained
Read the guide More in Everett
Other programs in Everett
Fix and FlipUp to 90% / 100% rehabGround-Up ConstructionUp to 70% LTV, most statesCRE BridgeUp to $10M, 24-36 moTransactional FundingSame-day double-close capitalBank Statement / No-DocNo tax returns requiredConventional InvestmentNon-owner-occupied investmentPortfolio LoansMultiple properties, one loanCRE PermanentLong-term agency & permSBA Financing7(a) & 504 placement
About the local figures on this page
Local rules move. Every tax rate, fee, ordinance and market figure here comes from a primary source and carries the date we read it, and we correct them as the rules change. Where a number is mid-change or we could not verify it, we say so rather than guess. Before you commit a budget, confirm anything that drives it with the city or county, and talk to your attorney or CPA on questions of law or tax.
Published by USA Mortgage Funding, LLC, NMLS #152588. Researched from primary sources by our team, drafted with AI assistance, and every figure checked against its source before publishing. Where an answer rests on a public record, that record is linked under it. Figures read on 2026-08-21.
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