Rental property financing built on rental income.
In Oklahoma, 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 Oklahoma City metro at $1,264 a month (HUD User). Pillar Mortgage Group (NMLS 2700076) arranges DSCR loans in Oklahoma 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 Oklahoma rental before you write an offer.
| Oklahoma fact | Value | Source |
|---|---|---|
| Security instrument | Mortgage | law.justia.com |
| Foreclosure | Judicial, or nonjudicial if the mortgage grants a power of sale with the required bold notice | 46 O.S. § 43 |
| Transfer and recording taxes | Documentary stamp tax of $0.75 per $500 of consideration (applies when consideration exceeds $100) | 68 O.S. § 3201 |
| Security deposit | No statutory cap | 41 O.S. § 115 |
| Notice for unpaid rent | 5 days after written notice of demand for payment | 41 O.S. § 131(B) |
| LLC formation fee | $100 | 18 O.S. § 2055 |
| Median listing price | $296,643 in September 2026 ($299,250 in September 2025) | Realtor.com via FRED |
| HUD 2 bedroom Fair Market Rent | $1,264, The Oklahoma City metro | HUD User |
Full walk through: how DSCR is calculated.
The guidelines that set our Oklahoma 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.
Rent is the number that qualifies a DSCR loan, so start with what Oklahoma rentals actually command.
Median listing price
$296,643
September 2026, down 0.9% from $299,250 in September 2025
Quick math (computed from the figures above): Using the Oklahoma median listing price, $296,643, a 25% down payment is $74,161 and the loan is $222,482. A year of rent at the Fair Market Rent for the Oklahoma City metro ($1,264) is $15,168, or 5.1% of that price. A year of rent at the Fair Market Rent for the Tulsa metro ($1,229) is $14,748, or 5.0% 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 Oklahoma City metro. HUD also lists the Oklahoma City metro at $1,264 and the Tulsa metro at $1,229. Swap in your lease or appraisal rent, then add your quoted rate. For a price reference, the median Oklahoma listing was $296,643 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 Oklahoma rents. Not a quote or a rate.
0.71DSCR
$1,264 / $1,775 = 0.71: fits programs down to 0.50.
0.69DSCR
$1,229 / $1,775 = 0.69: 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 Oklahoma.
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The largest Oklahoma 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 Oklahoma law says, with the statute for each.
| Topic | The rule | Citation |
|---|---|---|
| Security deposit | No statutory cap. Unused balance returned within 45 days after termination, delivery of possession and the tenant's written demand. A tenant who makes no written demand within 6 months forfeits the deposit to the landlord. | 41 O.S. § 115 |
| Pay or quit | 5 days after written notice of demand for payment | 41 O.S. § 131(B) |
| Month to month notice | 30 days written notice | 41 O.S. § 111(A) |
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.
What to expect at the closing table in Oklahoma, from the instrument you sign to the taxes on transfer.
What it costs to form and keep an LLC in good standing with the Oklahoma Secretary of State.
Run through these Oklahoma 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.
Oklahoma is highlighted. We also lend DSCR in Texas, Kansas, Colorado, New Mexico and Arkansas next door, and in 30 more states. Tap a gold state to open its guide.
Straight answers for investors buying or refinancing rentals in Oklahoma.
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 Oklahoma too.
Primary sources, each with the date checked. PMG program facts come from Pillar Mortgage Group.
Send the Oklahoma 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