DSCR Loans in Steamboat Springs, Colorado
Qualify on rental income — not tax returns. Built for Routt County's ski and investment property market.
One of Colorado's strongest DSCR markets
STRs in Steamboat Springs generate between $46,000 and $70,000 annually depending on property size, location, and STR zoning status (Rabbu, Airbtics, and Awning trailing data), with the strongest months stacked through ski season. That income profile is robust enough to support DSCR qualification on most mid-market investment properties in Steamboat when the numbers are run correctly upfront.
Tayton Capital is a Western Slope broker that does DSCR for ski-market investors regularly — including the condo-hotel buildings that retail banks decline at underwriting. We make sure the deal pencils before you go under contract.
How DSCR qualification works in Steamboat
DSCR lenders apply a 20% haircut to gross STR income before calculating the ratio — so $60K gross becomes $48K for qualifying purposes. On Steamboat's $863,000 multi-family / condo median (end-of-2025 data) at 25% down, the loan amount is roughly $647,000. Monthly PITIA (principal, interest, taxes, insurance, association fees) needs to be covered by that adjusted income. We run these calculations upfront, including HOA — the killer detail in condo deals.
Background: DSCR loan overview, DSCR by state, and Colorado investment property loans.
Condo-hotel financing: Steamboat Grand & Grand Summit
The Steamboat Grand and Grand Summit Resort Hotel are classified as condo-hotels — individual units participate in a managed hotel rental program. That classification makes them ineligible for Fannie/Freddie conventional financing, FHA, and VA. Retail loan officers who don't specialize in non-warrantable property routinely decline these at underwriting after the buyer has already gone under contract.
DSCR is one of the primary tools for financing Steamboat Grand and Grand Summit units: the lender underwrites the rental income, not your income, and the non-warrantable status is handled through portfolio lending. Tayton has the lender relationships to place these loans.
STR zoning in Steamboat Springs
Steamboat's City Council adopted an STR overlay zone and licensing program in June 2022. Not every address is STR-eligible — investors must verify the property's STR zoning status before closing. STR-zoned properties carry a meaningful premium over comparable non-STR units. We use AirDNA or Rabbu comps to document projected income — the same data DSCR lenders require.
Monthly STR averages
Ski season carries the year. March is the peak. Summer has a secondary peak in July.
| Month | Avg STR revenue |
|---|---|
| January | $6,414 |
| February | $6,968 |
| March (peak) | $7,326 |
| July (summer peak) | $5,608 |
Routt County's 2026 conforming limit is $1,089,050 — most Steamboat purchases land in jumbo territory. DSCR works for both conforming and jumbo sizes. See Colorado loan limits.
Across Routt County
Steamboat Springs, Hayden, Oak Creek, Clark, and Stagecoach. Other DSCR markets we run: Durango, Pagosa Springs.
Closed deals in Steamboat
"Bought a Steamboat Grand unit. Two banks turned me down because of non-warrantable status. Tayton placed it with a portfolio DSCR lender — closed in four weeks."
"TJ ran the DSCR math with the 20% STR adjustment before I made the offer. Came in at 1.12 — deal worked, no surprises at underwriting."
"Long-term DSCR on a workforce rental. Qualified on the lease, no W-2s, smooth close."
Run the DSCR numbers on your Steamboat deal
Including condo-hotels and non-warrantable buildings. Call or text TJ at 970-708-9624.