Colorado Springs is a rental town. Four military installations, a university, a hospital system, and a tourism strip from Manitou to Garden of the Gods. Whether you are buying your first duplex or your twentieth door, there is a loan path that does not care what your tax return says. This page lays out all of them. Colorado Springs based, 25+ years.
No SSN required. No credit pull. Takes about 2 minutes.
Pick the Path by What You Are Doing
Buying a rental you will not live in
DSCR. The rent covers the payment, and your income never comes up. 620 score. Close in an LLC. Colorado Springs DSCR loans.
Buying a 2 to 4 unit and living in one
That is a primary purchase. VA with $0 down if you are eligible. FHA with 3.5% down if not. The other units’ rent helps you qualify. Best terms in the business.
Rent does not cover the payment
A bank statement loan on the rental qualifies on you, not the building. 660 score. Colorado Springs bank statement loans.
Need the next down payment
A hybrid HELOC on a property you already own. Funds in days, fixed-rate draws, and you keep your low first-mortgage rate. Lightning Equity Hybrid HELOC.
BRRRR refinance
Buy, rehab, rent, refinance. DSCR cash-out on the new appraised value once seasoning is met. Or a bank statement cash-out if the numbers work better.
Out-of-state buyer
You do not have to live here. DSCR does not care where you live or where you work. We close for investors in 49 states.
Where the Rentals Are
South side and Fountain for Fort Carson families. Powers corridor and Stetson Hills for Peterson. Falcon for Schriever. North end for the Academy and the private schools. Downtown and around UCCS for multi-unit. Old Colorado City, Manitou Springs, and the west side for short-term rentals. Pueblo, 40 minutes south, for lower price points and the same DSCR rules.
The Rules That Trip Investors Up
- New rental, new loan. If you bought a rental within 45 days of your next regular loan, a lease will not count. Fannie Mae now requires market rent from an appraisal or rent study. The 45-day rule. DSCR does not have this problem.
- Short-term rentals. Colorado Springs and Manitou Springs license them differently. The property has to be legal to operate before the rent counts. How short-term rent counts on a regular loan.
- Moving out and renting your old house. On a regular loan, no lease is allowed anymore. 75% of market rent offsets the old payment. On VA, no lease is required and the rent simply offsets the payment. Departing residence rules.
- Financed property counts. Regular loans cap how many financed properties you can have. DSCR does not.
- Interest-only DSCR. Allowed, capped at 75% of value with a 1.00 ratio.
- Reserves. Every rental you own with a loan needs months of payments in the bank on a regular loan. DSCR sets reserves by the loan, not by your portfolio.
Side by Side
Sources: PRMG Non-QM DSCR and Income Qualifying product profiles, VA Pamphlet 26-7, HUD Handbook 4000.1, and the Lightning Equity Hybrid HELOC matrix. Terms change. Confirm on your file.
Why Colorado Springs Has So Many Self-Employed Buyers
This is a military town. Military towns run on small business. Contractors who serve Fort Carson, Peterson, Schriever, and the Academy. Spouses who built a business that moves with each PCS. Veterans who got out and started a company. Real estate agents. Home builders. HVAC and plumbing shops. Cleaning companies, gyms, salons, and food trucks. And a growing number of remote 1099 workers who picked the Pikes Peak region on purpose.
The problem is the same for all of them. A good accountant lowers your taxable income. A bank reads that lower number as your pay. So the owner who keeps the most money is often the one who gets told no. We fix the document, not the business.
Myths
Myth: I need a job to buy a rental. DSCR never asks about your job.
Myth: You cannot use VA on a rental. You can on a 2 to 4 unit if you live in one. That is the best rental loan in the country.
Myth: Ten financed properties is the limit. On a regular loan. DSCR has no cap.
Every Colorado Springs Self-Employed Page We Have
Sorted by how you get paid and what you are trying to do.
Colorado Springs self-employed mortgage hub
Every self-employed and business-owner loan path we run in Colorado Springs, sorted by how you get paid.
Bank statement loans in Colorado Springs
Qualify on 12 or 24 months of deposits. No tax returns.
P&L loans in Colorado Springs
Your CPA’s profit and loss statement is your income.
1099 loans in Colorado Springs
100% of your 1099 income counts. No expense haircut.
Asset depletion loans in Colorado Springs
Qualify on savings and investments instead of a paycheck.
Alt-AUS jumbo in Colorado Springs
Above $832,750 with clean tax returns and a DTI up to 49.99%.
Self-employed refinance in Colorado Springs
Rate-and-term to 89.99%. Cash-out to $1,500,000. No tax returns.
DSCR loans in Colorado Springs
Rentals qualify on rent, not your income.
Jumbo loans in Colorado Springs
Broadmoor, Flying Horse, Black Forest. Eight jumbo paths.
Contractor and trades mortgages
Built for builders, HVAC, plumbing, electrical, and every trade in El Paso County.
Realtor and commission-income mortgages
1099 agents and commission earners. Variable income, handled.
Colorado Springs Investor Loan FAQ
What is the best loan for a rental property in Colorado Springs?
If you will not live in it, usually DSCR. It qualifies on the rent, allows an LLC, and skips your tax returns. If you will live in one unit of a 2 to 4 unit, VA or FHA beats everything on down payment and rate.
Can I house-hack in Colorado Springs with a VA loan?
Yes. Buy a 2 to 4 unit with $0 down, live in one unit, and the other units’ rent helps you qualify. When you PCS, you can keep it as a rental and buy the next one with DSCR.
Do I need to live in Colorado to buy a rental here?
No. DSCR loans do not care where you live or work. We close for out-of-state investors regularly.
Can I close a rental in my LLC?
Yes on DSCR and bank statement loans. Not on VA or FHA, which require you to live in the property.
What if the rent does not cover the payment?
Some DSCR tiers allow a ratio below 1.00 with more down. Otherwise a bank statement loan qualifies the rental on your deposits instead of the rent.
How do I fund the down payment on my next rental?
A hybrid HELOC on a property you already own. Funds in days, fixed-rate draws, and your first-mortgage rate stays where it is.
Can I use Airbnb income on a Colorado Springs rental?
Yes on DSCR with proper documentation and a legal short-term rental license. On a regular loan, 50% of short-term rent counts under Fannie Mae’s new rule.
Is there a limit on how many rentals I can finance?
Regular loans cap financed properties. DSCR does not.
Veterans start with the Colorado Springs VA loan hub. National DSCR mechanics are on the DSCR loan guide and the DSCR FAQ.
Written by
J.D. Peck
Area Manager and Mortgage Loan Originator at Paramount Residential Mortgage Group, Inc. NMLS #314883. 25+ years of mortgage experience, 3,100+ closed loans, Scotsman Guide Top Originator 2026.
Last updated: September 9, 2026. Loan program parameters subject to change — confirm current eligibility on your specific scenario before relying on any figure shown.
Send the Address and the Rent
Two minutes to start. No SSN. No credit pull. We run DSCR, bank statement, and house-hack paths side by side and tell you which one closes.
What are you looking to do?
No SSN required. No credit pull. Takes about 2 minutes.