Guide · from 25 direct lenders' published rules

What STR income documentation DSCR lenders accept

A DSCR lender has to decide how much rent your short-term rental earns. Some use your booking history, some use a projection such as AirDNA, and some use long-term market rent instead. Here is what each of the 25 direct lenders we track says on its own pages, with the source and the date we checked it. Referral sources are not counted.

Projection: 4
Either: 13
12-month history: 3
Not published: 5

The two kinds of STR income evidence

Booking history. 15 of 25 direct lenders publish that they accept a rental history for STR income. Some apply a percentage of gross revenue, some cap it at market rent, and many don't publish a factor.
A projection. 16 publish that they accept a projection (such as AirDNA or an appraiser's STR analysis). 1says a projection is not accepted. 2 use long-term market rent on a purchase instead.
A published haircut. 6 of 25 publish the share of gross STR revenue they count. Compare them on the haircut ladder.

How we label each lender's method:

Projection (4): Qualifies on a projection (e.g., AirDNA or a short-term rent analysis), so no booking history is needed.
12-month history (3): Counts STR income only from ~12 months of booking history (otherwise long-term market rent).
Either (13): Accepts booking history or a projection, depending on the deal.
Not published (5): Finances STRs, but the lender does not publish how it counts STR income.

Counts are direct lenders only, from data/lenders.json (data as of Oct 20, 2026) and data/str_rules.json (rules checked Oct 19, 2026). "Not published" means we didn't find it on the lender's pages, not that the lender has no rule. Ask the lender.

Each lender's STR income rule

Exactly what each lender publishes about booking history and projections, with the source we took it from and the date we checked it. Quotes are from the lender's own page or guideline.

Each direct lender's published STR income rule, with source and checked date
Lender	12-month history	Projection	Source and checked date
1st Nationwide MortgageEither	Accepted · factor not published12 months actual Airbnb/VRBO/PMS income; factor not published	Accepted · factor not publishedAirDNA (alone or combined with partial actuals); factor not published	1st Nationwide Mortgage Airbnb / STR loans · checked Oct 19, 202612 months of actual Airbnb/VRBO/PMS income is standard; under 12 months can combine partial actuals with an AirDNA projection. Min DSCR 1.0.
A&D MortgageEither	75%12-month average from STR statements/agreement (or 1007 showing STR), at 75%	75%Only when no actual STR income: 75% of AirDNA Rentalizer (occupancy ≥ 60%) or 75% of a 1007 with STR comps	A&D Mortgage Non-QM Loan Eligibility Guidelines (effective 07.01.2026), DSCR short-term rent section · checked Oct 19, 202675% of short-term rental value will be used for qualification purposes (to adjust for rental expenses).
Acra Lending12-month history	Accepted · factor not publishedRefi: 12-month rental-agency ledgers; factor not published	Long-term market rentPurchase: appraiser's market rent under standard DSCR rules	Acra Lending DSCR Program Summary (2/02/2026) · checked Oct 19, 2026STR case-by-case; refinances require 12-month rental-agency ledgers; purchases use the appraiser's market rent.
America MortgagesEither	Not published	Not published	Lender record: AM Premier+ counts STR income; documentation is typically a market-rent appraisal or documented platform income history, varying by lender. Lender sources · checked Oct 18, 2026
Angel Oak Mortgage SolutionsProjection	Not published	Accepted · factor not publishedAirDNA STR report; factor not published	Angel Oak Investor Cash Flow program · checked Oct 18, 2026Automated AirDNA short-term rental report.
Certain LendingEither	Accepted · factor not published12 months operating history; factor not published	Accepted · factor not publishedAirDNA rents as market rent; factor not published	Certain Lending products · checked Oct 18, 202612 months of operating history or AirDNA rents as market rent.
CoreVest FinanceNot published	Not published	Not published	Lender record: Short-Term Rental Loan for portfolios; approval based on rental income. Method not detailed. Lender sources · checked Oct 19, 2026
Defy MortgageEither	Accepted · factor not published12-month operating history accepted; factor not published	80%Purchase: AirDNA, 80% of annual revenue ÷ 12; operator experience in the last 12 months required (experience required)	Defy Wholesale (TPO) DSCR guide · checked Oct 19, 2026Short-Term Rentals (STR): Min DSCR 1.150x; Max LTV 75% or 5% LTV reduction; Min score 720; Property Guard report required. Purchase: Use AirDNA for monthly rental income. Qualifying property income: 80% of annual revenue ÷ 12. Borrower must document short-term rental management or operator experience in the last 12 months.
Dominion FinancialNot published	Not published	Not published	Lender record: FAQ: 'Do you lend on short term rentals? Yes, we do.' Method not detailed. Lender sources · checked Oct 18, 2026
Easy Street CapitalEither	100%12+ months of history: trailing-12 actual revenue	75% (100% for pros)Professional STR investors: 100% of AirDNA. Others: AirDNA less 25% (2023 tear sheet; current page says AirDNA only 'in certain cases', otherwise appraiser market rent)	Easy Street Capital STR tear sheet (March 2023, older document) · checked Oct 19, 2026If Property Has 12 Months of History: TTM Actual Revenue. If Property Has <12 Months History: AirDNA Projections - 25% Haircut.
Griffin FundingEither	80%–100%12 months Airbnb/Vrbo history; 80% where a 20% expense factor applies, 100% on other programs	80%–100%Purchase: AirDNA and/or appraiser STR analysis (often the lower of the two); 80% or 100% by program	Griffin Funding: DSCR Loans for Airbnb and Short-Term Rentals (updated Sep 29, 2026) · checked Oct 19, 2026When a program uses a 20% expense factor, 80% of eligible revenue counts as qualifying income... Other Griffin Funding programs qualify the property on gross STR revenue, with no expense factor.
KiaviNot published	Not published	Not published	Kiavi DSCR loans · checked Oct 19, 2026STR income method not published (generic qualifying rent rule only).
LendingOneNot published	Not published	Not published	Lender record: DSCR loans 'may be available' for short-term vacation rentals; underwriting may review market rent, historical income and occupancy trends. Lender sources · checked Oct 19, 2026
LendmireEither	Accepted · factor not published12 months rental history; factor not published	Accepted · factor not publishedMarket data report; factor not published	Lendmire: market data report requirements for STR loans · checked Oct 19, 202612 months of rental history or a market data report.
LendSure MortgageEither	80%12-month Airbnb/VRBO earnings summary at 80%	80%AirDNA report at 80%	LendSure DSCR Wholesale Power · checked Oct 19, 2026Accepts AirDNA reports and 12-month Airbnb/VRBO earning summaries; 80% multiplier applied to gross STR income.
Lima One CapitalProjection	Not published	Accepted · factor not publishedAirDNA and other STR market data; factor not published	Lima One short-term rental loans · checked Oct 18, 2026Underwritten using AirDNA and other STR market data.
Logan Finance12-month history	100%, capped at market rentRefi: lower of appraisal market rent or 12-month STR history (third-party manager verified); no % factor published	Long-term market rentPurchase: appraisal market rent (long-term), not STR projections	Logan Finance Open Road DSCR matrix · checked Oct 19, 2026Purchase: market rent as indicated on the appraisal. Refinance: lower of appraisal market rent or 12-month STR history verified by a third-party manager. Min 1.00 DSCR.
New SilverEither	Accepted · factor not publishedRefinance: rental history required; factor not published	Accepted · factor not publishedPurchase: market rent addendum and/or STR valuation (AirDNA); factor not published	New Silver help center: How does a short-term rental program work? · checked Oct 19, 2026Market rent addendum and/or STR valuation such as AirDNA on new purchases; refinances require rental history. Minimum DSCR 1.15.
Newfi WholesaleEither	80%12-month lookback, 80% of gross receipts	80%Purchases: 1007 STR, AirDNA Rentalizer (score/occupancy minimums) or rental data, at 80%; experienced investors only (experience required)	Newfi Lending DSCR Guidelines, correspondent channel (eff. 6/27/2024, rev. 10/14/2024). Older correspondent document; wholesale terms may differ. · checked Oct 19, 2026STR may be used to a max LTV of 75% and on DSCR > 1.0 only. STR on purchase is available to experienced investors only. 80% of the actual or estimated gross receipts.
NQM Funding12-month history	Accepted · factor not published12–24 months via property manager or Airbnb/VRBO records; factor not published	Not acceptedAirDNA data is not accepted	NQM Funding: Hawaii DSCR loans · checked Oct 19, 202612–24 months of rental history through a property manager or Airbnb/VRBO records... AirDNA data is not accepted.
Quickline CapitalProjection	Not published	Accepted · factor not publishedAirDNA Rentalizer; factor not published	Quickline Capital short-term rental loans · checked Oct 19, 2026AirDNA Rentalizer projections for properties not yet operating as STRs. Min DSCR 0.75.
theLenderProjection	Not published	Accepted · factor not publishedRent potential via rental analysis; factor not published	theLender STR investor loans · checked Oct 18, 2026Qualify on rent potential and property cash flow using property-level data and rental analysis.
Truss Financial GroupNot published	Not published	Not published	Lender record: DSCR page says DSCR loans work for short-term rentals and Airbnb properties and notes most lenders require a higher DSCR (1.5+) for them. Lender sources · checked Oct 19, 2026
Uncapco FinancialEither	Accepted · factor not publishedPlatform history; factor not published	Accepted · factor not publishedAirDNA / comps / projected bookings; factor not published	Uncapco short-term rental loans · checked Oct 18, 2026AirDNA data, platform history, market comps or projected bookings.
Visio LendingEither	Accepted · factor not publishedHistorical STR income; factor not published	Accepted · factor not publishedMarket-based projections; factor not published	Visio Lending short-term rental guide · checked Oct 18, 2026Historical short-term rental income or market-based projections.

Getting 12 months of booking history together

If you'll qualify on history, the lender will want proof of what the property earned. The documents named in published rules:

1st Nationwide Mortgage: 12 months actual Airbnb/VRBO/PMS income; factor not published
A&D Mortgage: 12-month average from STR statements/agreement (or 1007 showing STR), at 75%
Acra Lending: Refi: 12-month rental-agency ledgers; factor not published
Certain Lending: 12 months operating history; factor not published
Defy Mortgage: 12-month operating history accepted; factor not published
Easy Street Capital: 12+ months of history: trailing-12 actual revenue
Griffin Funding: 12 months Airbnb/Vrbo history; 80% where a 20% expense factor applies, 100% on other programs
Lendmire: 12 months rental history; factor not published
LendSure Mortgage: 12-month Airbnb/VRBO earnings summary at 80%
Logan Finance: Refi: lower of appraisal market rent or 12-month STR history (third-party manager verified); no % factor published
New Silver: Refinance: rental history required; factor not published
Newfi Wholesale: 12-month lookback, 80% of gross receipts
NQM Funding: 12–24 months via property manager or Airbnb/VRBO records; factor not published
Uncapco Financial: Platform history; factor not published
Visio Lending: Historical STR income; factor not published

General steps. These don't depend on any one booking platform; we don't describe platform menus or export features because we haven't verified them and they change.

Ask the lender first. Find out exactly which document it wants (platform earnings records, property-manager statements, or both) and which months it must cover. Rules differ, and 5 of 25 lenders don't publish theirs.
Cover the full period the lender names. Most published history rules above refer to 12 months; check your lender's exact wording, and make sure no month is missing.
Include every channel. Get records from each platform you listed on, plus direct bookings, for the same months. If you can't find a report in a platform's host account, ask that platform's support how to get one.
If a manager collects the rent, ask the property manager for owner statements covering the same months.3 of the published rules above name manager or agency records (Acra Lending, Logan Finance, NQM Funding).
Keep gross revenue visible. Where a lender publishes a factor, it is a share of gross STR revenue, so the lender needs to see the gross figure, not only your net payout.

Not sure your history is enough? See lenders that qualify with no booking history, or check how many booked nights you'd need with the bookings calculator.

Compare the rules

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Not a lender or broker. No referral fees. For education only. Figures come from each lender's public pages on the date shown and can change without notice, so verify them with the lender. Rates are estimates, not quotes. How we source data.