Qualify on the rent, not your tax returns.
In Alaska, a DSCR loan finances a rental on the strength of its rent instead of your tax returns. HUD puts the 2 bedroom Fair Market Rent for the Anchorage metro at $1,529 a month (HUD User). Pillar Mortgage Group (NMLS 2700076) arranges DSCR loans in Alaska up to $5 million.
Facts checked November 1, 2026. Not a commitment to lend.
DSCR loans by state
We lend DSCR in 35 states. Pick yours.
Pulled from state statutes, state agencies, the Census Bureau and FRED. Each row links to its source.
| Alaska fact | Value | Source |
|---|---|---|
| Security instrument | Deed of trust with trustee power of sale; trustee may sell without a court decree after recording a notice of default not less than 30 days after default and not less than 90 days before sale | AS 34.20.070 |
| Security deposit | 2 months' periodic rent; cap does not apply to units renting for more than $2,000 a month | AS 34.03.070 |
| Notice for unpaid rent | 7 days after written notice | AS 34.03.220(b) |
| LLC formation fee | $250 (Articles of Organization) | commerce.alaska.gov |
| Median listing price | $435,000 in September 2026 ($445,000 in September 2025) | Realtor.com via FRED |
| HUD 2 bedroom Fair Market Rent | $1,529, The Anchorage metro | HUD User |
Full walk through: how DSCR is calculated.
Nine rules that open more Alaska deals.
Loan amount
Up to $5M
Credit
660 and up
Down
20 to 25%
Vesting
LLC ok
Guidelines summarized; subject to program terms, property and borrower eligibility. Not a commitment to lend. Compare with typical DSCR programs.
These public benchmarks show where Alaska rents and prices sit right now.
Median listing price
$435,000
September 2026, down 2.2% from $445,000 in September 2025
Quick math (computed from the figures above): On a Alaska home at the Alaska median of $435,000, 25% down comes to $108,750, leaving a $326,250 loan. A year of rent at the Fair Market Rent for the Anchorage metro ($1,529) is $18,348, or 4.2% of that price. A year of rent at the Fair Market Rent for the Fairbanks metro ($1,553) is $18,636, or 4.3% of that price.
Fair Market Rent is a HUD benchmark, not an appraisal.
The rent field starts at the HUD 2 bedroom Fair Market Rent for the Anchorage metro. HUD also lists the Anchorage metro at $1,529 and the Fairbanks metro at $1,553. Swap in your lease or appraisal rent, then add your quoted rate. For a price reference, the median Alaska listing was $435,000 in September 2026.
See how a rental's income stacks up against its full monthly payment. Your numbers stay in your browser.
Enter rent, price and your quoted rate to see your DSCR.
Loan amount (L) = Price × (100 minus Down %) ÷ 100
P&I (30 year fixed) = L × r × (1 + r)^360 ÷ ((1 + r)^360 minus 1), where r = annual rate ÷ 100 ÷ 12
P&I (40 year interest only) = L × r
PITIA = P&I + Tax ÷ 12 + Insurance ÷ 12 + HOA
DSCR = Monthly rent ÷ PITIA
Rent needed for a target DSCR = Target × PITIA
Estimates only. Not a loan offer. Rates and terms vary by lender, property and borrower. Company NMLS #2700076. Example values are illustrations, not a quote.
Hypothetical PITIA of $1,775 (P&I $1,400, taxes $250, insurance $125), real Alaska rents. Not a quote or a rate.
0.86DSCR
$1,529 / $1,775 = 0.86: fits programs down to 0.50.
0.87DSCR
$1,553 / $1,775 = 0.87: fits programs down to 0.50.
A two minute form gets the property in front of our team. You get a straight answer on the ratio and the structure.
Investors from any state can buy in Alaska.
No commitment · Under 2 minutes
We will reach out shortly to run your numbers.
The largest Alaska rental markets, and what each city requires of short term rental hosts.
City rules change. Confirm with the city and your HOA before you buy, and ask us how your lender counts short term rental income.
A DSCR loan underwrites the rent, so the rules that govern collecting it matter. Here is what Alaska law says, with the statute for each.
| Topic | The rule | Citation |
|---|---|---|
| Security deposit cap | 2 months' periodic rent; cap does not apply to units renting for more than $2,000 a month | AS 34.03.070 |
| Deposit return deadline | 14 days if tenant gave proper notice; 30 days if landlord deducts for damage or tenant did not give proper notice | AS 34.03.070 |
| Nonpayment notice | 7 days after written notice | AS 34.03.220(b) |
| Month to month notice | 30 days before the rental due date specified in the notice | AS 34.03.290(b) |
Not legal advice.
Every dollar of tax raises the payment the rent has to cover. Here is how Alaska assesses and taxes property.
What to expect at the closing table in Alaska, from the instrument you sign to the taxes on transfer.
What it costs to form and keep an LLC in good standing with the Alaska Secretary of State.
Check each of these on any Alaska rental you plan to finance.
Documents: contract, lease or rent schedule, bank statements, LLC papers, insurance quote. No tax returns. Details.
Alaska is highlighted. We also lend DSCR in Washington, Hawaii and Montana next door, and in 30 more states. Tap a gold state to open its guide.
Straight answers for investors buying or refinancing rentals in Alaska.
PMG guidelines summarized; subject to program terms, property and borrower eligibility. Not a commitment to lend.
Book a free callInvesting across state lines? We lend DSCR in these neighbors of Alaska too.
Primary sources, each with the date checked. PMG program facts come from Pillar Mortgage Group.
Send the Alaska property and rent. We run the ratio and lay out terms before you offer.
No commitment · Under 2 minutes
We will reach out shortly to run your numbers.
Pillar Mortgage Group, LLC is an Equal Housing Lender, doing business in accordance with the Fair Housing Act and Equal Credit Opportunity Act. Not a commitment to lend.
Company NMLS# 2700076 | Arizona License MB-2009671 | View NMLS Consumer Access