Rental property financing built on rental income.
In Kansas, 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 Wichita metro at $1,043 a month (HUD User). Pillar Mortgage Group (NMLS 2700076) arranges DSCR loans in Kansas 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.
| Kansas fact | Value | Source |
|---|---|---|
| Security instrument | Mortgage | ksrevisor.gov |
| Foreclosure | Judicial, with a statutory right of redemption after sale: 12 months by default, 3 months where less than one third of the debt was paid; redemption can be shortened or waived by agreement except for agricultural land or owner occupied one and two family homes of natural persons | K.S.A. 60-2414 |
| Security deposit | One month's rent unfurnished; 1.5 months furnished; plus up to half a month's rent pet deposit | K.S.A. 58-2550(a) |
| Notice for unpaid rent | 3 days (three consecutive 24 hour periods; add 2 days if mailed) | K.S.A. 58-2564(b) |
| Rent control | Preempted | K.S.A. 12-16,120(a) |
| Median listing price | $296,000 in September 2026 ($294,823 in September 2025) | Realtor.com via FRED |
| HUD 2 bedroom Fair Market Rent | $1,043, The Wichita metro | HUD User |
Full walk through: how DSCR is calculated.
What PMG can place for a Kansas rental, in short.
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.
Before you run a Kansas deal, anchor the rent to public benchmarks instead of a listing agent's guess.
Median listing price
$296,000
September 2026, up 0.4% from $294,823 in September 2025
Quick math (computed from the figures above): At the Kansas median listing price of $296,000, 25% down is $74,000 and the loan is $222,000. A year of rent at the Fair Market Rent for the Wichita metro ($1,043) is $12,516, or 4.2% of that price. A year of rent at the Fair Market Rent for the Kansas City metro ($1,546) is $18,552, or 6.3% 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 Wichita metro. HUD also lists the Wichita metro at $1,043 and the Kansas City metro at $1,546. Swap in your lease or appraisal rent, then add your quoted rate. For a price reference, the median Kansas listing was $296,000 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 Kansas rents. Not a quote or a rate.
0.59DSCR
$1,043 / $1,775 = 0.59: fits programs down to 0.50.
0.87DSCR
$1,546 / $1,775 = 0.87: fits programs down to 0.50.
Share the deal and we will run the ratio, compare lenders and lay out your options in plain numbers.
Investors from any state can buy in Kansas.
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Where Kansas investors are buying, and the local rules that apply to rentals there.
$1,546
HUD 2 bedroom Fair Market Rent, the Kansas City metro (HUD)
City rules change. Confirm with the city and your HOA before you buy, and ask us how your lender counts short term rental income.
Know the Kansas landlord rules before you close. They shape your lease, your deposit and how fast you can act on unpaid rent.
| Topic | The rule | Citation |
|---|---|---|
| Security deposit cap | One month's rent unfurnished; 1.5 months furnished; plus up to half a month's rent pet deposit | K.S.A. 58-2550(a) |
| Security deposit return | Within 14 days after the amount is determined, but no later than 30 days after termination, delivery of possession and tenant demand. | K.S.A. 58-2550(b) |
| Pay or quit notice | 3 days (three consecutive 24 hour periods; add 2 days if mailed) | K.S.A. 58-2564(b) |
| Month to month termination | 30 days written notice, effective on a periodic rent paying date | K.S.A. 58-2570(b) |
| Rent control | Preempted. No city or county may enact, maintain or enforce rent or purchase price controls on privately owned residential or commercial property. | K.S.A. 12-16,120(a) |
| Kansas City, Kansas rental license | Kansas City, Kansas requires every landlord of residential rental property to hold a valid rental license under its Rental Licensing and Inspection program (Code of Ordinances Sec. 19-25 and following). All residential rental licenses expire April 30 each year, and getting the license is the owner's responsibility. | UG Ordinance 66057; Code of Ordinances Sec. 19-25 et seq. |
Not legal advice.
Taxes go straight into PITIA, so they move your ratio. Budget for the investor rate, since rentals usually do not get homestead treatment.
The closing mechanics and transfer costs that land on a Kansas settlement statement.
Run through these Kansas 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.
Kansas is highlighted. We also lend DSCR in Missouri, Oklahoma and Colorado next door, and in 30 more states. Tap a gold state to open its guide.
Straight answers for investors buying or refinancing rentals in Kansas.
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 Kansas too.
Primary sources, each with the date checked. PMG program facts come from Pillar Mortgage Group.
Send the Kansas 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