Investment property loans that qualify on rent.
In Wisconsin, 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 Milwaukee metro at $1,263 a month (HUD User). Pillar Mortgage Group (NMLS 2700076) arranges DSCR loans in Wisconsin 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.
Every value links to its primary source. Details for each follow further down the page.
| Wisconsin fact | Value | Source |
|---|---|---|
| Security instrument | Mortgage | docs.legis.wisconsin.gov |
| Foreclosure | Judicial | docs.legis.wisconsin.gov |
| Transfer and recording taxes | Real estate transfer fee of 30 cents per $100 of value ($3 per 1,000), imposed on the grantor | Wis. Stat. 77.22(1) |
| Security deposit | No cap stated | Wis. Stat. 704.28(4) |
| Notice for unpaid rent | Month to month | Wis. Stat. 704.17 |
| Rent control | State preemption | Wis. Stat. 66.1015(1) |
| LLC formation fee | $130 | dfi.wi.gov |
| Median listing price | $389,900 in September 2026 ($392,250 in September 2025) | Realtor.com via FRED |
| Median gross rent, statewide | $1,087 (ACS 5 year 2020 to 2024) | Census |
| HUD 2 bedroom Fair Market Rent | $1,263, The Milwaukee metro | HUD User |
Full walk through: how DSCR is calculated.
The guidelines that set our Wisconsin 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.
Before you run a Wisconsin deal, anchor the rent to public benchmarks instead of a listing agent's guess.
Median listing price
$389,900
September 2026, down 0.6% from $392,250 in September 2025
Quick math (computed from the figures above): At the Wisconsin median listing price of $389,900, 25% down is $97,475 and the loan is $292,425. A year of rent at the Fair Market Rent for the Milwaukee metro ($1,263) is $15,156, or 3.9% of that price. A year of rent at the Fair Market Rent for the Madison metro ($1,565) is $18,780, or 4.8% 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 Milwaukee metro. HUD also lists the Milwaukee metro at $1,263 and the Madison metro at $1,565. Swap in your lease or appraisal rent, then add your quoted rate. For a price reference, the median Wisconsin listing was $389,900 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 Wisconsin rents. Not a quote or a rate.
0.71DSCR
$1,263 / $1,775 = 0.71: fits programs down to 0.50.
0.88DSCR
$1,565 / $1,775 = 0.88: fits programs down to 0.50.
Tell us about the property and the rent. We will tell you straight whether it qualifies and what it takes.
Investors from any state can buy in Wisconsin.
No commitment · Under 2 minutes
We will reach out shortly to run your numbers.
Where Wisconsin investors are buying, and the local rules that apply to rentals there.
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 Wisconsin law says, with the statute for each.
| Topic | The rule | Citation |
|---|---|---|
| Security deposit | No cap stated. Return deadline: Within 21 days after the tenant vacates, the tenancy terminates, or the landlord learns the tenant has vacated or been removed (as applicable). No withholding for normal wear and tear. | Wis. Stat. 704.28(4) |
| Nonpayment notice | Month to month: 5 day pay or vacate, or 14 day notice to vacate while rent is unpaid. Lease of one year or less: 5 day pay or vacate, 14 day notice for a repeat default within one year. Lease over one year: 30 day pay or vacate. | Wis. Stat. 704.17 |
| Month to month termination | At least 28 days notice | Wis. Stat. 704.19(3) |
| Rent control | State preemption: no city, village, town or county may regulate the amount of rent or fees charged for a residential rental dwelling unit. | Wis. Stat. 66.1015(1) |
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.
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 Wisconsin Secretary of State.
Run through these Wisconsin 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.
Wisconsin is highlighted. We also lend DSCR in Michigan, Iowa and Indiana next door, and in 30 more states. Tap a gold state to open its guide.
Straight answers for investors buying or refinancing rentals in Wisconsin.
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 Wisconsin too.
Primary sources, each with the date checked. PMG program facts come from Pillar Mortgage Group.
Send the Wisconsin 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