DSCR Loans for Maryland Investment Properties
Qualify based on rental income, not your tax returns. Financing for Baltimore, the DC suburbs, Annapolis, and statewide.
This DSCR loan program is designed for non-owner-occupied investment properties only and is not available for primary residences or second homes.
Maryland is Encore Mortgage Solutions' home state, and it's a market we know from the ground up. The state's rental demand is anchored by one of the most powerful economic ecosystems in the country — federal government employment, defense and intelligence contracting, world-class academic medical institutions, and a private sector that has grown up around all three. Maryland sits at the center of the Mid-Atlantic corridor, with Baltimore as its urban core and a ring of suburban communities that function as bedroom markets for both Baltimore and Washington D.C. For investors, Maryland offers a range of entry points and demand drivers that hold up across economic cycles in ways that purely private-sector markets often don't.
A few markets worth knowing:
Baltimore — Healthcare, Universities & Urban Neighborhood Diversity
Baltimore is Maryland's largest city and home to one of the most remarkable concentrations of medical and academic institutions on the East Coast. Johns Hopkins University and Johns Hopkins Hospital together represent one of the country's premier research and healthcare complexes, employing tens of thousands and generating consistent demand for rental housing from medical students, residents, researchers, and faculty. The University of Maryland Medical System, Sinai Hospital, and a network of regional healthcare employers add further depth to the professional renter base. Neighborhoods like Hampden, Canton, Federal Hill, Fells Point, and Charles Village each have distinct rental markets with consistent occupancy and a professional tenant base tied to the city's institutional employers. Baltimore's more affordable neighborhoods offer additional entry points for investors with a longer time horizon who are comfortable underwriting urban markets carefully.
Annapolis — State Capital, Naval Academy & Chesapeake Market
Annapolis is Maryland's state capital and home to the United States Naval Academy, which generates consistent military and civilian contractor housing demand alongside the state government workforce. The city's historic downtown, waterfront character, and proximity to both Baltimore and Washington D.C. make it a desirable long-term rental market for professionals who want quality of life without the cost of living inside the Beltway. The broader Annapolis area and the Chesapeake Bay waterfront communities also support an active short-term rental market — investors should review local STR regulations before purchase.
Baltimore Suburbs — BWI Corridor & Federal Contractor Belt
The suburban ring surrounding Baltimore — including Anne Arundel County, Howard County, and Baltimore County — functions as one of the Mid-Atlantic's most stable long-term rental markets. The BWI corridor anchored by Baltimore Washington International Airport supports a large logistics, government contracting, and corporate employment base. Howard County communities like Columbia and Ellicott City attract professional renters drawn to their planned community infrastructure, abundant amenities, and convenient access to both Baltimore and the D.C. metro. Aberdeen and Harford County — Encore's home territory — are anchored by Aberdeen Proving Ground, one of the Army's primary testing and research installations, generating consistent military and contractor housing demand.
Prince George's & Montgomery Counties — D.C. Commuter Markets
Maryland's two largest suburban counties bordering Washington D.C. function as an extension of the federal employment market. Montgomery County is one of the wealthiest counties in the country, home to the National Institutes of Health, the FDA, and a dense concentration of federal agencies and contractors that generate professional rental demand at every price point. Prince George's County offers more accessible acquisition costs while maintaining strong rental demand from federal workers, University of Maryland students and staff, and a growing professional population. Both counties benefit from Metro access that extends the D.C. tenant pool deep into Maryland's suburban communities.
The Eastern Shore — Chesapeake STR & Waterfront Markets
Maryland's Eastern Shore — including Ocean City, St. Michaels, Cambridge, and the broader Chesapeake Bay waterfront communities — supports a well-established vacation rental market driven by beach and bay tourism from the Baltimore-Washington corridor. Ocean City is Maryland's primary beach destination and operates a high-volume seasonal STR market, while the quieter Chesapeake Bay communities attract visitors seeking waterfront experiences with more character and less crowds. Investors should evaluate seasonal demand patterns carefully and review local STR regulations, which vary by municipality across the Shore.
A DSCR loan qualifies you based on what the property earns — not your personal income, tax returns, or employment history. As Maryland's local DSCR lender, we understand this market's nuances — from Aberdeen Proving Ground to the Johns Hopkins corridor to the Eastern Shore — and we're positioned to move quickly on deals that make sense on the numbers.
Program Highlights
No tax returns or W-2s required — qualification is based on the property's rental income
Available for purchase or refinance, including cash-out
Eligible for individual borrowers or LLC/entity ownership
Loan amounts and terms vary by deal — a personalized quote reflects your specific property and DSCR ratio
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Information provided is for educational and informational purposes only and is not intended as legal, tax, or financial advice. This is not a commitment to lend, guarantee of financing, or loan approval. All loan programs, terms, rates, and conditions are subject to change without notice and are subject to borrower qualification, property review, underwriting requirements, and credit approval. Additional restrictions may apply. Programs discussed may not be available in all states or for all borrowers. Equal Housing Opportunity.