2026 Vacation Rental & AirDNA Underwriting Desk · Stephen R. Mannenbach, J.D., MBA · Loan Daddy LLC

Short-Term Rental (Airbnb, VRBO & AirDNA) DSCR Loans (Up to 80% LTV)

Short-Term Rental (STR) DSCR Loans underwrite Airbnb, VRBO, and direct-booking vacation properties using actual 12-month platform payout ledgers or AirDNA Rentalizer market projections instead of traditional long-term Form 1007 leases—delivering up to 80% purchase LTV and 75% cash-out LTV with zero personal income verification.

Launch AirDNA vs. Form 1007 STR Workbench →Match Across 45+ Wholesale Shelves

2026 Wholesale Rate Band

6.375% – 7.875% (30-Yr Fixed / 10-Yr IO)

Maximum Leverage

80% Purchase LTV · 75% Cash-Out Refi LTV

Minimum DSCR & FICO

1.00x – 1.25x (AirDNA Rentalizer or 12-Mo Host Ledger) · 660+

Loan Amount Range

$125,000 – $5,000,000

Key Institutional Credit-Box Highlights

✓Three flexible income qualification paths: (1) AirDNA Rentalizer Projection, (2) 12-Month Airbnb/VRBO Payout Ledger, or (3) STR Appraiser Form 1007
✓Up to 80% Purchase LTV on turnkey vacation homes, cabins, beach condos, and luxury desert villas
✓Pairs seamlessly with the IRC § 469(c)(7) 100-hour Short-Term Rental Cost Segregation tax shield
✓Non-warrantable condo and condotel financing available in resort and coastal markets

Seasoning & Release Structure:New Purchases Qualify on Day 1 via AirDNA Rentalizer (60%+ Market Score)

Prepayment Penalty Structures:5/4/3/2/1, 3/2/1, 2/1, 1-Yr, or No-PPP

Frequently Asked Questions — Short-Term Rental DSCR Loans

Can I buy a vacant property and qualify using AirDNA projections?

Yes. On an acquisition or newly converted vacation rental without 12 months of operating history, our wholesale STR DSCR shelves use 80% to 100% of AirDNA Rentalizer gross annual revenue divided by 12 to calculate qualifying DSCR up to 80% LTV.

How do lenders treat cleaning fees and platform fees on Airbnb ledgers?

Wholesale STR underwriters use gross host payouts deposited into your bank account (which include cleaning fees collected from guests net of Airbnb’s 3% host service fee), applying either a 0% or 20% expense factor depending on the credit shelf.

Key Institutional Credit-Box Highlights

Frequently Asked Questions — Short-Term Rental DSCR Loans

Can I buy a vacant property and qualify using AirDNA projections?

How do lenders treat cleaning fees and platform fees on Airbnb ledgers?

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