Investment property loans that qualify on rent.
In Delaware, 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 Wilmington area (Philadelphia metro) at $1,860 a month (HUD User). Pillar Mortgage Group (NMLS 2700076) arranges DSCR loans in Delaware 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.
Primary sources only. Use these to sanity check any Delaware rental before you write an offer.
| Delaware fact | Value | Source |
|---|---|---|
| Security instrument | Mortgage | delcode.delaware.gov |
| Foreclosure | Mortgage | delcode.delaware.gov |
| Transfer and recording taxes | Realty transfer tax | 30 Del. C. § 5402 |
| Security deposit | 1 month's rent where the rental agreement is for 1 year or more | 25 Del. C. § 5514(a)(2) |
| Notice for unpaid rent | Written demand giving at least 7 days to pay before filing suit | 25 Del. C. § 5502(a) |
| LLC formation fee | $110 Certificate of Formation | corpfiles.delaware.gov |
| Median listing price | $484,998 in September 2026 ($485,450 in September 2025) | Realtor.com via FRED |
| HUD 2 bedroom Fair Market Rent | $1,860, The Wilmington area (Philadelphia metro) | HUD User |
Full walk through: how DSCR is calculated.
The guidelines that set our Delaware DSCR loans apart.
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 Delaware rents and prices sit right now.
Median listing price
$484,998
September 2026, down 0.1% from $485,450 in September 2025
Quick math (computed from the figures above): On a Delaware home at the Delaware median of $484,998, 25% down comes to $121,250, leaving a $363,748 loan. A year of rent at the Fair Market Rent for the Wilmington area (Philadelphia metro) ($1,860) is $22,320, or 4.6% of that price. A year of rent at the Fair Market Rent for the Dover metro ($1,629) is $19,548, or 4.0% 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 Wilmington area (Philadelphia metro). HUD also lists the Wilmington area (Philadelphia metro) at $1,860 and the Dover metro at $1,629. Swap in your lease or appraisal rent, then add your quoted rate. For a price reference, the median Delaware listing was $484,998 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 Delaware rents. Not a quote or a rate.
1.05DSCR
$1,860 / $1,775 = 1.05: covers the full payment.
0.92DSCR
$1,629 / $1,775 = 0.92: 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 Delaware.
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The largest Delaware rental markets, and what each city requires of short term rental hosts.
A DSCR loan underwrites the rent, so the rules that govern collecting it matter. Here is what Delaware law says, with the statute for each.
| Topic | The rule | Citation |
|---|---|---|
| Security deposit cap | 1 month's rent where the rental agreement is for 1 year or more | 25 Del. C. § 5514(a)(2) |
| Deposit return deadline | 20 days after expiration or termination of the rental agreement | 25 Del. C. § 5514(e) |
| Nonpayment notice | Written demand giving at least 7 days to pay before filing suit | 25 Del. C. § 5502(a) |
| Month to month notice | 60 days' written notice, starting the first day of the month after actual notice. Rent increases also need 60 days' notice before the agreement expires. | 25 Del. C. §§ 5106(d), 5107(a) |
Not legal advice.
Who closes your loan, which security instrument you sign and what the state charges to record it.
What it costs to form and keep an LLC in good standing with the Delaware Secretary of State.
Run through these Delaware rules before you write an offer on a rental.
Documents: contract, lease or rent schedule, bank statements, LLC papers, insurance quote. No tax returns. Details.
Delaware is highlighted. We also lend DSCR in Maryland, Pennsylvania and West Virginia next door, and in 30 more states. Tap a gold state to open its guide.
Straight answers for investors buying or refinancing rentals in Delaware.
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 Delaware too.
Primary sources, each with the date checked. PMG program facts come from Pillar Mortgage Group.
Send the Delaware property and rent. We run the ratio and lay out terms before you offer.
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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