Investment property loans that qualify on rent.
A Maine DSCR loan is a rental property mortgage sized on the rent, with no personal income documents. HUD puts the 2 bedroom Fair Market Rent for the Portland metro at $2,353 a month (HUD User). Pillar Mortgage Group (NMLS 2700076) arranges DSCR loans in Maine 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 Maine rental before you write an offer.
| Maine fact | Value | Source |
|---|---|---|
| Security instrument | Mortgage | legislature.maine.gov |
| Foreclosure | Judicial, by civil action | 14 M.R.S. 6321 |
| Transfer and recording taxes | $2.20 per $500 of value, split half seller and half buyer; an additional $3.80 per $500 applies to value above $1,000,000 | 36 M.R.S. 4641-A |
| Security deposit | Two months' rent | 14 M.R.S. 6032 |
| Notice for unpaid rent | 7 days written notice when the tenant is 7 or more days in arrears (tenancy at will) | 14 M.R.S. 6002(1)(C) |
| Rent control | No statewide rent control or preemption identified; Portland operates a local rent control program | portlandmaine.gov |
| LLC formation fee | $175 | 31 M.R.S. 1680(13) |
| Median listing price | $450,000 in September 2026 ($467,000 in September 2025) | Realtor.com via FRED |
| HUD 2 bedroom Fair Market Rent | $2,353, The Portland metro | HUD User |
Full walk through: how DSCR is calculated.
Nine rules that open more Maine 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.
Rent is the number that qualifies a DSCR loan, so start with what Maine rentals actually command.
Median listing price
$450,000
September 2026, down 3.6% from $467,000 in September 2025
Quick math (computed from the figures above): Using the Maine median listing price, $450,000, a 25% down payment is $112,500 and the loan is $337,500. A year of rent at the Fair Market Rent for the Portland metro ($2,353) is $28,236, or 6.3% of that price. A year of rent at the Fair Market Rent for the Lewiston metro ($1,677) is $20,124, or 4.5% 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 Portland metro. HUD also lists the Portland metro at $2,353 and the Lewiston metro at $1,677. Swap in your lease or appraisal rent, then add your quoted rate. For a price reference, the median Maine listing was $450,000 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 Maine rents. Not a quote or a rate.
1.33DSCR
$2,353 / $1,775 = 1.33: covers the full payment.
0.94DSCR
$1,677 / $1,775 = 0.94: 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 Maine.
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Most Maine DSCR deals land in these markets. Check the city rules before you buy.
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 Maine 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 | Two months' rent | 14 M.R.S. 6032 |
| Security deposit return | Written lease: within the time stated, not to exceed 30 days. Tenancy at will: 21 days after termination or surrender, whichever is later. | 14 M.R.S. 6033 |
| Pay or quit notice | 7 days written notice when the tenant is 7 or more days in arrears (tenancy at will) | 14 M.R.S. 6002(1)(C) |
| Month to month termination | 30 days written notice for tenancies at will | 14 M.R.S. 6002(1) |
| Rent control | No statewide rent control or preemption identified; Portland operates a local rent control program. | portlandmaine.gov |
Not legal advice.
Use the actual tax bill, not the seller's homestead bill, when you run a Maine rental.
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 Maine Secretary of State.
Check each of these on any Maine rental you plan to finance.
Documents: contract, lease or rent schedule, bank statements, LLC papers, insurance quote. No tax returns. Details.
Maine is highlighted. We also lend DSCR in New Hampshire, Massachusetts and Rhode Island next door, and in 30 more states. Tap a gold state to open its guide.
Straight answers for investors buying or refinancing rentals in Maine.
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 Maine too.
Primary sources, each with the date checked. PMG program facts come from Pillar Mortgage Group.
Send the Maine 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