Can You Get an Airbnb DSCR Loan With No Operating History?

Sometimes. Certain short-term-rental programs can use projected market revenue on a purchase, while other lenders require actual Airbnb or VRBO history—especially on refinance.

The short answer

Yes with certain purchase programs. FastTrack’s retained lender evidence includes STR programs that permit third-party projected market revenue or AirDNA-style forecasts under defined conditions. Refinance often requires actual operating history instead.

Purchase and refinance are different

A purchase may have no prior Airbnb statements because the borrower has not operated the property yet. Some lenders solve that with projected STR revenue. A refinance lender can reasonably expect to see the property’s actual performance and may require 12 or 24 months of history.

Projected revenue is usually not taken at face value

Programs can apply a haircut to projected revenue, require a minimum number of comparable properties, set occupancy assumptions or demand a third-party report dated within a certain period.

Long-term market rent can be a fallback—but changes the economics

If a lender will not use projected STR income, it may still qualify the property from a traditional market-rent schedule. That can work, but it may produce a materially lower qualifying rent than the investor expects from Airbnb operations.

Legal operation still matters

Projected income does not solve zoning, licensing, HOA or condo restrictions. Confirm the property can legally operate as a short-term rental before relying on STR revenue.

Frequently Asked Questions

Can AirDNA be used if the Airbnb has never operated?

With some purchase programs, yes, subject to the lender’s report, comparables and haircut rules.

Can I refinance an Airbnb with no history?

That is more difficult. Some refinance programs require actual STR history even when projected income is allowed for purchase.

What if projected Airbnb income is too high for the lender?

The lender may use a haircut, cap, lower-of rule or long-term market rent instead.

Keep Exploring

Can Airbnb Income Be Used for a DSCR Loan? • STR & Airbnb DSCR Loans • STR Market Intelligence

Business-purpose investment properties only. Program availability, pricing, leverage, documentation and approval remain subject to lender guidelines and underwriting. This information is general and is not a commitment to lend.