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Program 02

Rental / DSCR in Yakima

DSCR loans built for long-term rental holds in Yakima.

Rental and DSCR loans qualify on the property's cash flow, not your personal income, with DSCR as low as 0.75, rates from 5.50% interest-only, and 30-year fixed options up to 80% LTV. Yakima's rent-to-value ratio makes buy-and-hold economics work well here, and the county's harvest-driven economy swings sharply with the season, so plan tenant income around that seasonality. This is a long-term hold market: build your underwriting around a tenant who signs a lease, not a nightly guest. Loans are business-purpose only and subject to underwriting.

Rental / DSCR in Yakima, WA from USA Mortgage
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
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*Typical terms, subject to underwriting and market conditions.

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Local FAQ

Rental / DSCR in Yakima, answered.

What kind of rental yield can a DSCR investor expect in Yakima?
Gross rent-to-value here runs about 6.53%, the best ratio of Washington's major metros. A $1,960 monthly single-family rent against a $360,346 mid-tier value pencils better than Seattle (5.49%), Spokane (6.18%) or Kennewick (6.17%) on the same math, as of July 2026. Confirm current rent and comps on your specific property before you underwrite off a metro average.
How much property tax should I carry on a Yakima rental?
Plan on 0.871% of assessed value inside the City of Yakima, and somewhat less in nearby areas. On the county assessor's 2026 certified rates, the West Valley school portion of the city runs 0.795% and Union Gap runs 0.752%. Rates vary by tax code area and are recertified every year, so price each door against its own assessor notice, not a county average.
Does Yakima allow short-term rentals on a DSCR loan?
Not easily, if you do not live in the property. A non-owner-occupied short-term rental in a Yakima residential zone needs a hearing-examiner public hearing and a $3,387 review fee, with no guaranteed approval. The only path that skips that review requires the operator to live in the home as a primary residence, which rules out an out-of-area investor. Underwrite this program in Yakima as a long-term hold, not a short-term rental play; if the real plan is a resale instead, our Yakima fix and flip program fits that exit better.
Does Yakima require rental registration or a landlord license?
No registration program, but the city does require an annually renewed business license from every rental owner. Yakima has no Seattle-style rental registration or inspection scheme, but the city's Planning Division tells all rental property owners, short-term or long-term, to carry a City of Yakima business license and renew it every year. Property maintenance enforcement is complaint-driven under the International Property Maintenance Code as adopted in city code.
How seasonal is the tenant base for a Yakima rental?
More than most Washington metros, because the local economy runs on the harvest calendar. Countywide employment swings by about 14,425 jobs, or 13.2%, between the September peak and the January trough, and a large share of that swing is agricultural work concentrated in the lower valley. Underwrite tenant income and vacancy risk with that seasonality in mind, especially for units near Sunnyside, Toppenish or Grandview.
Does Washington cap how much I can raise rent on a Yakima property?
Yes. Washington caps annual rent increases statewide, and Yakima is not exempt. State law limits most rent increases to 7% plus CPI or 10%, whichever is less, with the cap published each year by the Department of Commerce (9.683% for calendar 2026). There is no cap on what you can charge a new tenant after one vacates, and buildings whose first certificate of occupancy issued 12 or fewer years before the notice are exempt. No Yakima-specific rent rule adds to this: the state cap is what governs.
What does 80% LTV actually come to on a Yakima rental?
About 20% down, plus closing costs. Max leverage on this program is up to 80% LTV. Against Yakima's $360,346 mid-tier single-family value in July 2026, that is up to $288,277 from us and $72,069 from you (360,346 x 80% = 288,277). Leverage still has to clear the cash flow test, with DSCR from 0.75, so the rent on your specific door can cap you below the LTV ceiling. Confirm the actual rent before you underwrite off a metro average. Subject to underwriting.
Is there a minimum loan size for a Yakima DSCR loan?
We lend from $100,000 to $3 million on this program. At the metro's $360,346 mid-tier value, an 80% purchase loan runs about $288,277, well clear of the floor, so the minimum rarely comes up on a standard Yakima single-family rental. It can matter on a low-basis door bought well under mid-tier, so run your own number rather than assuming the program is open at any price point. Subject to underwriting.
Do I need a 640 credit score to buy a Yakima rental?
For a DSCR loan, yes. Credit starts at 640. That is a real floor, because a 30-year rental loan reads your file as well as the property. Below it there are still doors in this market. Conventional investment financing starts at 580 when the income documents cleanly, and our asset-based programs, fix and flip, bridge and construction, carry no minimum score at all. There is no hard credit pull to start, so it costs nothing to find out where your file lands. Subject to underwriting.
If I sell a Yakima rental in year two, what happens to my prepayment terms?
Prepay here is a flexible structure set with your loan, not a fixed penalty we can quote in advance. Tell us the hold you actually have in mind before we structure it. This program is written for a long-term hold, and in Yakima the hold period is a seasonality question as much as a rate question, with countywide employment swinging about 14,425 jobs between the September peak and the January trough. If the real plan is a resale, a 6-month fix and flip term fits that exit better than a 30-year loan you unwind early. 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
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Strategy · 6 min read
Financing the BRRRR Method: Buy, Rehab, Rent, Refinance, Repeat
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Rental / DSCR · 5 min read
DSCR vs Conventional Loan: Which Is Better for Investment Property?
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Rates & Costs · 5 min read
Hard Money Loan Rates and Costs, Explained
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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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