| Purpose | Investment rental property review |
| Local focus | Local assessment records and a forward tax budget |
| Availability | Varies by state, property, lender and program |
A debt service coverage ratio (DSCR) loan uses rental income to evaluate an investment property under the selected lender's rules. For rental property in New Hampshire, this guide focuses on local assessment records and a forward tax budget. Start with the local records below before relying on a projected loan payment.
Local assessment records and a forward tax budget
New Hampshire's property-tax resources provide the starting point for reviewing municipal assessments and tax administration. Use the actual town account and applicable period for a rental scenario. If the marketing package mixes an assessment notice with an older bill, ask the municipality to explain the relationship before projecting the next year's carrying cost.
State reference: New Hampshire Department of Revenue Administration: property tax.
Documents and questions for this property review
Obtain the municipality's current assessment record and the bills that explain the annual expense. Identify whether the seller has quoted an installment or a full-year amount. Ask the local office to explain a recent valuation change, then provide the lender with a clearly dated estimate of the recurring obligation.
A property review example
Hypothetical planning example, not a completed transaction. A Manchester-area investor compares a year-round rental with a property requiring work before leasing. Build separate rent-start dates and cash reserves for the second property. Even if the completed home's projected DSCR looks adequate, the investor still needs a plan for taxes, insurance and repairs before a tenant begins paying.
Does a projected passing ratio cover the period before leasing?
No. Model the non-income-producing period separately and confirm whether the property's present condition fits the proposed loan.
Connect local costs to the DSCR calculation
Many residential rental programs divide qualifying monthly rent by the full housing payment, including principal, interest, taxes, insurance and applicable association dues. Confirm the selected program's formula and accepted rent evidence. Keep vacancy, management, maintenance and capital work in a separate operating budget: meeting a lender's ratio does not establish profitability. Use the DSCR Program Calculator and read the full DSCR qualification guide for the broader framework.
Request a property scenario review
Stonehaven Lending is a mortgage brokerage arranging business-purpose DSCR financing nationwide, with availability varying by state, property, lender and program. Request a DSCR review with the property location, legal unit count, intended use, purchase or refinance goal and available rent and expense records.