Disclaimer: Rate data is updated weekly. Last updated: April 14, 2026. Rates change daily — always contact lenders directly for a current quote. DSCRFinder.com does not guarantee rate accuracy from third-party lenders.
DSCR Loan Rates in Washington State — April 2026
Washington State offers no state income tax and a tech-driven economy anchored by Amazon, Microsoft, Boeing, and a growing biotech sector. Seattle's high prices make DSCR challenging in the core market, but Spokane and the Tacoma suburbs offer strong investment fundamentals at much lower price points.
As of April 14, 2026, the national 30-year fixed rate for primary residences is 6.40% (Bankrate). DSCR loans in Washington typically run 7.15% to 8.75%.
April 2026 Washington DSCR Rate Table
| Borrower Profile | DSCR | FICO | Down Payment | Rate Range | |---|---|---|---|---| | Best-qualified | 1.25+ | 740+ | 30%+ | 7.15% – 7.50% | | Strong | 1.25+ | 720–739 | 25% | 7.50% – 7.75% | | Standard | 1.0–1.24 | 680–719 | 20–25% | 7.75% – 8.25% | | Moderate | 0.75–0.99 | 660–679 | 20% | 8.25% – 8.50% | | Challenging | Below 0.75 | Below 660 | 20% | 8.50% – 8.75%+ |
Washington DSCR Market by City
Seattle / Bellevue / Eastside
Seattle has very high home prices driven by Amazon, Microsoft, and tech sector employment. DSCR ratios are challenging — most properties produce 0.75–0.95 DSCR with long-term rents. Sub-1.0 DSCR lenders are typically required. Seattle has moderately tenant-friendly laws including just cause eviction requirements.
Tacoma / Pierce County
Tacoma offers significantly better DSCR ratios than Seattle at lower purchase prices with strong rental demand from Joint Base Lewis-McChord (JBLM), one of the largest military installations on the West Coast. DSCR ratios of 1.00–1.20 are achievable. Strong military tenant demand provides stability.
Spokane
Spokane is Eastern Washington's largest city and offers the best rent-to-value ratios in the state. Lower prices, growing population, and a diversified economy (healthcare, education, manufacturing) produce DSCR ratios of 1.10–1.35.
Washington Market Fundamentals
| Market | Median Price (SFR) | Typical Monthly Rent | Est. DSCR | |---|---|---|---| | Seattle / Bellevue | $800,000 – $1,200,000+ | $3,200 – $4,500 | 0.75 – 0.95 | | Tacoma / JBLM area | $380,000 – $500,000 | $2,000 – $2,600 | 1.00 – 1.20 | | Spokane | $280,000 – $380,000 | $1,700 – $2,200 | 1.10 – 1.35 |
Washington Landlord-Tenant Law
- No state income tax — significant investor advantage
- Seattle just cause eviction — Seattle requires just cause for eviction after initial lease term
- Statewide eviction — 14-day pay or vacate notice; process typically 4–8 weeks
- No statewide rent control (Seattle has proposed but not enacted citywide rent control)
- Property taxes — 0.83%–1.10% effective rate
How to Get the Best DSCR Rate in Washington
- Tacoma and Spokane offer the best DSCR fundamentals in the state
- Seattle deals almost always require sub-1.0 DSCR lenders — plan accordingly
- JBLM military market (Tacoma area) provides stable tenant demand for long-term holds
- No state income tax improves net investor returns vs. comparable California markets
- Washington's tech economy creates strong long-term appreciation potential even where DSCR is tight
Related: Current DSCR Rates April 2026 | DSCR Rates by State | DSCR Calculator | Compare Lenders
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