DSCR loans are how I have purchased and refinanced 120+ U.S. rental properties since 2016, and how I help my overseas clients finance theirs. But not all DSCR lenders offer the same terms. Recently I was quoted 8.25% by one lender and 7.125% by another for the exact same property. This directory compares 53 DSCR lenders on credit minimums, LTV, loan size, and coverage so you can shortlist the right one instead of spending days searching.
Financing
Best DSCR Lenders: 53 Lenders Compared by Terms
Not all DSCR lenders offer the same terms; I have been quoted rates more than a point apart on the same property. Here are 53 lenders compared on credit minimums, LTV, loan size, and coverage, so you can shortlist the right one.
David Garner · Co-Founder
Key takeaways
- DSCR terms vary widely; always get two or three quotes on the same property.
- Most DSCR lending comes from Non-QM and private lenders, not big banks.
- Credit minimums range from the 500s to 680+, and max LTV from about 65% to 85%.
- Minimum loan sizes usually fall between $55,000 and $100,000.
- Many lenders are state-specific, so confirm coverage before you apply.
Why I compiled this list
When I underwrite a rental, accurate financing terms and the best DSCR rate make or break the deal. Some lenders do not offer good terms, and some change the terms just before closing, which can kill a purchase. This list is here to save you the hours of searching I have already done.
53 DSCR lenders compared
Here is the full list in one table. Terms change often, so treat this as a starting point for your shortlist rather than a live rate sheet, and confirm current programs directly with each lender.
| Lender | Min credit | Max LTV | Loan size | Coverage | Link |
|---|---|---|---|---|---|
| RCN Capital | 660+ | 80% / 75% cash-out | $75k to $2M | Nationwide (excl. ND, SD, VT) | Visit |
| A&D Mortgage | 620+ (660 FN) | 80% CLTV / 75% cash-out | up to $3.5M ($3M FN) | Nationwide | Visit |
| LOANStream (OCMBC) | 620+ | 85% / 75% cash-out | up to $3.5M | AZ, CA, DC, FL, GA, MD, NC, OR, TN, TX, VA, WA | Visit |
| CrossCountry Mortgage | 620+ | 85% | $100k to $3M | Nationwide | Visit |
| Newfi | 640+ | 80% / 75% cash-out | $100k to $2.5M ($1.5M FN) | 47 states | Visit |
| Griffin Funding | 620+ (700+ no-ratio) | 85% (15% down) / 75% cash-out | $75k to $20M | Nationwide (excl. rural) | Visit |
| Gustan Cho Associates | 640+ tiered | 80% (700+ FICO) | $75k+ ($700k+ portfolio) | 48 states + DC, PR, USVI | Visit |
| CoreVest Finance | 680+ | 75% | $75k to $2M+ | Nationwide | Visit |
| AmeriHome Mortgage | Varies | Cash-out to $500k | up to $1M | Varies | Visit |
| Mortgage Equity Partners (RI) | 575+ | 80% / 75% cash-out | $100k to $3M | Rhode Island | Visit |
| Kiavi | Property-based | 80% | $100k to $3M | 32 states + DC | Visit |
| OfferMarket | 660+ (720+ best) | 80% / 75% cash-out | $55k to ~$2M | 45+ states (excl. rural) | Visit |
| Angel Oak Mortgage Solutions | 680+ (720 for 85%) | 85% | $100k to $3M | 20 states incl. FL, GA, TX, OH, NC, PA | Visit |
| Lima One Capital | Investor-based | 80% | $75k to $20M | Nationwide | Visit |
| Malve Capital | 660+ | 80% | $75k to $2.5M (5+ to $10M) | 18 states incl. FL, GA, TX, OH, NY | Visit |
| Temple View Capital | 660+ (680 2nd) | 80% / 75% cash-out | $55k to $2M | Nationwide (excl. ND, SD, VT) | Visit |
| HouseMax Funding | 649+ | 80% | $75k to $7M | Nationwide (excl. AK, AZ, NV, ND, SD, VT) | Visit |
| LendingOne | Flexible | 80% / 75% cash-out | $70k to $2M | All except AK, NV, ND, SD | Visit |
| Conventus | 550+ (650+ no-ratio) | 75% tiered | up to $4M | Nationwide | Visit |
| Nationwide Mortgage (RedTower) | Varies | 80% | $100k to $5M | Nationwide | Visit |
| Dominion Financial | 680+ (660 exceptions) | 80% / 75% cash-out | from $100k value | All 50 states + DC | Visit |
| NQM Funding | 640+ | 80% / 75% cash-out | $200k to $6M | Varies | Visit |
| Lendmarq | Varies | Varies | Varies | Nationwide | Visit |
| Emporium TPO | 640 to 700 | 80% / 75% cash-out | up to $3.5M | Varies | Visit |
| F5 Mortgage | 620 to 680 | 20% to 25% down | Varies | Florida, Texas | Visit |
| American Heritage Lending | No income verification | 85% | Varies | CA, MA, PA, TN (+nationwide) | Visit |
| Buckhead Home Loans | Credit checked | Varies | Varies | Alabama | Visit |
| Mohave Mortgage | Varies | Varies | Varies | Arizona | Visit |
| Tidal Loans | 500+ | 80% | Varies | Nationwide | Visit |
| Waltz | No U.S. credit (FN) | 75% | $100k to $1M | Broad (foreign national focus) | Visit |
| LoanPro Mortgage Solutions | 620+ | 80% | Varies | Georgia | Visit |
| Myers Capital Hawaii | Varies | Varies | Varies | Hawaii | Visit |
| Longleaf Lending | Varies | Varies | Varies | Montana | Visit |
| Capital Home Mortgage | 620+ (680 pref) | 85% | $100k to $3M | Nebraska | Visit |
| Pacific Home Loans | Varies | 80% | up to $5M | Nevada | Visit |
| Easy Street Capital | 640+ | 80% / 75% cash-out | $75k to $3.5M | Broad (+nationwide) | Visit |
| Aceland Mortgage | DSCR as low as 0 | Varies | Varies | Any U.S. state | Visit |
| Block Financial Resources | No min tradelines | 80% | up to $5M+ | Most states (excl. NY direct) | Visit |
| Texas Premier Mortgage | Varies | 80% | Varies | Texas | Visit |
| LBC Mortgage | 620+ | 80% (75% no-ratio) | $200k to $4M | CA, DE, FL, VT, TX, WA, NC, IL | Visit |
| Blue Square Mortgage | Varies | Varies | Varies | Washington | Visit |
| Pimlico (Coastal Equity) | Varies | 80% / 75% cash-out | $150k to $2M | Varies | Visit |
| ROC Capital | 620+ (soft pull) | 80% to 90% acq / 80% cash-out | Varies | Nationwide | Visit |
| Rehab Financial Group | 650+ | 75% ARV | $100k to $1.25M | Varies (excl. rural, owner-occ) | Visit |
| Rain City Capital | Varies | 80% | $75k to $5M | 14 states | Visit |
| Minnow Loan | 660+ | 75% | $75k to $2M | Missouri | Visit |
| Western Ohio Mortgage | Varies | Varies | Varies | Ohio | Visit |
| Ascension Mortgage Brokers | Varies | Varies | Varies | Utah | Visit |
| Certain Lending | 640 to 680 | 80% | $100k to $4M | Varies | N/A |
| KECO Capital | 620+ | 85% | $100k to $3M | Varies | N/A |
| Center Street Lending | 640+ | 80% / 75% cash-out | $100k to $40M | AZ, CA, DC, FL, GA, MD, NC, OR, TN, TX, VA, WA | Visit |
| Readycap Lending | Varies | 80% construction | $5M to $75M | Varies | Visit |
| CV3 Financial Services | 660+ | 85% | $75k to $5M | 30 states + DC | Visit |
This list is informational and not a recommendation of any specific lender. Cashflow Rentals is a consultancy and does not act as a mortgage broker or lender. Rates, LTV caps, and coverage change frequently, so verify current terms directly with each provider.
How to use the list
Shortlist three or four lenders whose coverage, credit minimum, and loan size fit your deal, then request quotes from all of them on the same day for a true comparison. Model each option in my free DSCR calculator, and before you apply, get your file ready with the pre-approval checklist. It also helps to understand DSCR vs conventional and fixed vs ARM before you shop, and to watch for the red flags and scams that show up in this space. To see how the numbers work on a real deal, read my Cleveland DSCR case study. When you want a hand, you can book a call.
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Frequently asked questions
Do banks give DSCR loans?
Some banks and credit unions offer DSCR loans, but most DSCR lending is done by Non-QM lenders, private lenders, and mortgage brokers that specialize in investor loans. Availability varies by market and institution.
Are all DSCR loans 20% down?
No. 20% is common, but many lenders require 20% to 25% down. Strong files can reach 15% down with select lenders, while foreign national or small-market properties may need more.
What is the downside of a DSCR loan?
Downsides can include higher rates than a conventional loan, prepayment penalties (often a 3 to 5 year step-down), points and fees, stricter rent and appraisal requirements, DSCR minimums, reserve requirements, and limits on some property types or locations.
What is the best DSCR?
Higher is better. Many long-term rental programs price best at 1.25 or above, with approvals often starting around 1.10 to 1.20. Short-term rentals may calculate differently, and some no-ratio programs skip DSCR but come with tighter LTV or higher rates.
Are DSCR loans hard to get?
They are easier on income documentation, with no W-2s or tax returns, but still require decent credit, sufficient reserves, an acceptable appraisal, and rents that support the payment. First-time investors or complex properties can face tighter guidelines.
Can I get a DSCR loan for $75,000?
Often yes. Many lenders set minimum loan sizes between $75,000 and $100,000. If a lender's minimum is $100,000, consider bundling properties into a portfolio loan or choosing a lender with a $75,000 minimum.
Can an LLC get a DSCR loan?
Yes. Most DSCR lenders allow closing in an LLC, or moving title to an LLC after closing. A personal guarantee from the members is commonly required.
Can you pay off a DSCR loan early?
Usually yes, but a prepayment penalty often applies in the first 3 to 5 years, such as a 5-4-3-2-1 or 3-2-1 step-down. After the penalty period you can typically pay off or refinance with no fee.
What DSCR is too high?
There is no too-high DSCR from a lender's point of view, since a higher ratio means stronger cash flow. A very high DSCR may suggest you are under-leveraged, but lenders generally cap LTV, not DSCR.
Written by
David Garner
David is co-founder of Cashflow Rentals and a British investor who has personally purchased more than 120 U.S. rental properties as a foreign national since 2016. He helps overseas investors build U.S. rental portfolios remotely, from his base in Brazil.
