The 7 Best DSCR Lenders in 2026

We ranked the 7 best DSCR lenders in the US market. We researched their loan programs, rates and fees, flexibility for investors, and borrower experiences. We also checked independent review platforms for real advantages and disadvantages.

The 7 best DSCR lenders in 2026 are:

1. theLender: Best Overall for Real Estate Investors
2. Angel Oak Mortgage Solutions: Best for High-Volume Non-QM Lending
3. Visio Lending: Best for Long-Term Buy-and-Hold Investors
4. Kiavi: Best for Rapid, Tech-Driven Closings
5. LendingOne: Best for Institutional-Backed Portfolio Lending
6. Lima One Capital: Ideal for Small Multifamily and BRRRR Investors
7. Griffin Funding is ideal for Self-Employed and First-Time Investors

For a DSCR partner built to finance like an investor, request a tailored loan estimate from theLender.

How We Chose the Best DSCR Lenders

The best DSCR lenders aren't necessarily the biggest names in non-QM lending or the ones with the lowest advertised rate. They balance flexible underwriting, transparent pricing, investor-friendly terms, and a history of closing what they quote.

We focused on the following factors to rank the top US market options for investors:

• Program flexibility: We prioritized lenders with low or no minimum DSCR ratios, no-income documentation options, and programs for investors at various experience levels.
• Investor-friendly underwriting: We looked for lenders that accept LLCs, layered entities, foreign nationals, and first-time investors rather than requiring extensive landlord history.
• Market coverage: We favored lenders licensed in most or all 50 states, so the list is useful to investors regardless of their buying location.
• Speed and execution certainty: We weighed each lender's track record of closing on their quoted terms, not just an advertised turnaround time.
• Pricing transparency: We prioritized lenders with clear fee structures and published rate ranges, with no unexpected costs disclosed late in the process.
• Review ratings: We checked Trustpilot, the BBB, Google, and Yelp to understand borrowers’ feedback on communication, accuracy, and reliability.
• Overall value for money: We selected the 7 lenders with the best rates, terms, and execution for investors at various portfolio-building stages.

Based on these criteria, here are the 7 top DSCR lenders:

theLender: Best Overall for Real Estate Investors

theLender built its platform around a single idea: finance like an investor, not a homeowner. In a crowded field of non-QM lenders that bolt a DSCR product onto a homeowner-focused operation, theLender was built from the ground up by investors, for investors, and it shows in the underwriting.

Most lenders struggle to evaluate Airbnb and VRBO income, treating it as unconventional or burying it in documentation requests that kill deals. theLender developed three methods for assessing short-term rental income: AirDNA market reports for data-driven projections, 12-month actual performance analysis for seasoned properties, and a proprietary Alternative STR Market Rental Analysis for comparing a property to similar successful rentals in its market. That range of options means an investor isn't limited by a single, outdated evaluation method.

The underwriting philosophy extends beyond STR income. TheLender accepts rental income from up to three ADUs on a single property, finances rural properties up to 20 acres with no LTV penalty, and welcomes layered LLCs, S-corps, partnerships, and foreign national borrowers without viewing complex entity structures negatively.

theLender Services

• Flagship  DSCR programs require no W-2s, paystubs, or 4506-C tax transcript requests. The property's cash flow is the qualification factor.
• Three methods for evaluating STR income: 1007 with actual rents, AirDNA reports, and the Alternative STR Market Rental Analysis.
• theBlanket portfolio loan program: Financing 3 to 25 properties under a single loan with partial release options as the portfolio is adjusted.
• Foreign National and Non-Permanent Resident Alien programs: Documentation for international investors.
• A broader non-QM suite beyond DSCR includes Bank Statement loans, 1099 contractor programs, and Profit & Loss statement financing.
• ADU income recognition counts toward qualification for properties with up to three units.

theLender Costs

TheLender has no lender fees on many popular products, saving thousands at closing compared to lenders that charge origination, processing, and underwriting fees on top of the rate. There's no large deposit sourcing requirement, simplifying the paperwork for straightforward files.

theLender Terms

Max 85% LTV on purchases up to $1 million. No ownership seasoning for cash-out refinances, allowing immediate equity access. Seller concessions are 9% for new construction and 6% for existing properties. No limit on financed properties, but portfolios beyond four require board review. Loans are full recourse and require a personal guarantee from entity principals.

theLender Loan Process

Getting started is a three-step process. First, investors submit basic property information through theLender's online portal, without questions about employment or personal debt. Second, a loan officer analyzes the deal and confirms cash flow potential using theLender's income assessment tools, with most clients receiving a preliminary Loan Estimate within 24 hours. Third, the team coordinates underwriting, appraisal, and funding to complete the process in 30 days.

theLender Reviews

theLender has funded over $3 billion in DSCR loans, earning a specific reputation. Investors point to deals other lenders couldn't close, properties that met projected cash flow, and the assurance of working with a specialist rather than a generalist bank that treats a DSCR product as an afterthought. The single point of contact model, from application through closing, is cited as the difference between theLender and larger non-QM platforms where a file can be passed between departments.

How to Get Started with theLender

Investors submit property details through theLender's online portal for a custom loan estimate, which is returned within 24 hours.

theLender's true STR underwriting expertise, no-property-limit philosophy, and genuine path to scale through theBlanket make it the strongest choice for real estate investors at any stage. The remaining six lenders each do something well, but none match theLender's combination of flexibility, transparency, and investor-first terms.

Angel Oak Mortgage Solutions: Best for High-Volume Non-QM Lending

Angel Oak Mortgage Solutions, founded in 2008 and headquartered in Atlanta, is one of the largest non-QM lending platforms in the country. The company has lent out over $25 billion in mortgage loans, securitized over $13.3 billion, and operates with over 150 active loan officers across 39 licensed states.

Angel Oak's Investor Cash Flow loan is its DSCR product. The underwriting reflects the platform's scale: short-term rentals and VRBOs are accepted, no cap on the number of properties an investor can acquire, and under certain conditions the company won't require a DSCR calculation for qualification.

Angel Oak Services

• Investor Cash Flow (DSCR) loans utilize rental analysis instead of personal income documentation.
• Some lenders still reject short-term rental and VRBO income.
• Unlike the 10-property cap for conventional Fannie Mae and Freddie Mac loans, there is no limit on the number of properties an investor can finance.
• A broader non-QM menu beyond DSCR, including bank statement and asset-based products.

Angel Oak Costs

Loan amounts range from $75,000 to $1.5 million, with a maximum 80% LTV. Depending on the program and compensating factors, credit scores as low as 600 to 620 qualify.

Angel Oak Terms

Borrowers work through a standard non-QM loan agreement. Like every lender on this list, Angel Oak's DSCR loans are full recourse with a personal guarantee.

Angel Oak Loan Process

The process starts with a rental analysis of the property's cash flow potential, followed by underwriting that reviews credit score, DSCR, and down payment. Angel Oak's scale means files move through an established wholesale and retail infrastructure rather than a single boutique team.

Angel Oak Reviews

Angel Oak has separate retail and wholesale divisions, which can confuse third-party research since complaints sometimes land on the wrong BBB profile. Independent lender-comparison sites describe Angel Oak as an established platform with billions funded and a reputation for reliability, though its public review volume on consumer platforms like Trustpilot is thinner than more retail-focused lenders. Loan officer testimonials highlight a streamlined documentation process and responsive underwriting communication.

Getting Started with Angel Oak

Investors can browse Angel Oak's loan programs on its website and connect with a local mortgage professional through its loan officer directory.

Angel Oak suits investors wanting the balance sheet and scale of a large non-QM platform, particularly those with complex non-QM needs beyond a straightforward DSCR loan. Investors prioritizing a single point of contact through closing, or who need STR income evaluated against live booking-platform data rather than a rental analysis, may find a more specialized lender better suited to that need.

Visio Lending: Ideal for Long-Term Buy-and-Hold Specialists

Visio Lending, founded in 2012 and headquartered in Austin, Texas, was one of the first lenders in the country to specialize exclusively in DSCR loans for single-family rental properties. The company has funded over $2.5 billion in loans and built its underwriting, pricing, and servicing process around buy-and-hold investors rather than treating DSCR as one product among several.

That focus reflects in the pricing. Visio offers some of the most competitive rates in the DSCR space for strong credit borrowers. Because the company services most of its own loans rather than selling them off, investors get a reliable contact for the loan’s life.

Visio Services

• DSCR loans on long-term rentals, including single-family homes, with title held in an individual name, LLC, or trust.
• Multiple rate structures are available: 30-year fixed, 5/6 ARM, 7/6 ARM, and 10/6 ARM. Each is priced based on hold-period strategy.
• Short-term rental income accepted with documentation, using full rental income.
• Discounts for experienced investors with over 10 properties.

Visio Costs

Loan amounts range from $100,000 to $5 million, with exceptions up to $7.5 million for qualifying borrowers. Rates start around 7.0% for borrowers with strong credit and a solid DSCR, with points between 0.5 and 1.5, lower than the 1.5 to 2.5 points charged by competitors.

Visio Terms

Visio requires a minimum credit score of 680, higher than several competitors, and caps DSCR loans at 80% LTV. The company lends in nearly all states and defaults to a 5-year prepayment penalty structure, though a shorter 3-2-1 schedule can be requested.

Visio Loan Process

Visio is a direct lender that underwrites, funds, and services most of its loans. This gives investors one consistent contact for payment and servicing questions. Closings take 25 to 35 days, slightly slower than some tech-forward lenders.

Visio Reviews

Visio has an Excellent Trustpilot rating from over 185 reviews and has been BBB accredited since 2014. Positive reviews highlight attentive account executives, competitive and transparent rate quotes, and reliable written loan estimates. A few complaints mention slow payment posting and issues with insurance requirements, particularly through a third-party partner.

How to Begin with Visio

Investors can apply directly through Visio's website or use a mortgage broker with access to Visio's wholesale pricing.

Visio's specialization and direct-lender servicing model make it a strong choice for buy-and-hold investors planning to hold a property for five or more years. Investors just below Visio's 680 credit minimum, or needing a faster close, should compare against a lender with more flexible thresholds.

Kiavi: Best for Quick, Tech-Driven Closings

Kiavi, formerly LendingHome before its 2021 rebrand, is a nationwide private lender built around a fully digital, technology-driven underwriting platform. Since 2013, it has funded over $30 billion across fix-and-flip, bridge, and DSCR rental loans, making it one of the largest private lenders to real estate investors in the country.

Kiavi’s speed sets it apart. Machine learning-driven pricing and automated property data analysis let Kiavi move files through underwriting faster than lenders relying on manual review. Some borrowers report closings in just 10 business days.

Kiavi Services

• DSCR rental loans, fully amortized over 30 years with interest-only options, on single-family homes, PUDs, and 2-to-4-unit properties.
• 5/1 and 7/1 ARM structures alongside the standard 30-year term.
• Soft credit pulls for initial pricing don't impact a borrower's credit score, so shopping rates is easy.
• A single investor can hold no limit on the number of rental loans.

Kiavi Costs

DSCR rates generally range from 6.75% to 11%, depending on credit, DSCR ratio, and market conditions, with up to 80% LTV available. Kiavi's DSCR calculation uses the lower of 110% of appraised market rent or actual lease rent, supporting a higher loan amount on well-performing properties than a more cautious approach.

Kiavi Terms

A minimum 660 credit score is required. Kiavi accepts DSCR ratios as low as 0.8x on its rental program. The company operates in 49 states plus Washington, DC, and offers cash-out refinancing after 90 days of ownership, or immediately on free-and-clear properties.

Kiavi Loan Process

Kiavi's process is self-service. You submit property and personal details online, the platform orders the appraisal and rental market analysis, and underwriting reviews the file with conditions limited to title work, insurance verification, and reserves. Timelines run 15 to 30 days, with quicker closings for clean, straightforward files.

Kiavi Reviews

Kiavi holds a 4.6 out of 5 Trustpilot rating from over 700 reviews, a strong showing for a high-volume private lender. Positive reviews praise responsive account executives and a smooth, fast process for repeat borrowers. However, Kiavi is not BBB accredited, and a recurring theme in critical reviews involves communication gaps during underwriting, particularly repeated documentation requests that slow down straightforward files.

How to Get Started with Kiavi

Investors can get a rate estimate through Kiavi's online platform with a soft credit check before submitting a full application.

Kiavi's technology and scale make it one of the fastest DSCR lenders to close with on this list, and a strong option for investors who value a digital-first process. However, investors who want a more personal, single-advisor relationship through underwriting may prefer a lender with a traditional account-management model.

LendingOne: Best for Institutional-Backed Portfolio Lending

LendingOne is a national direct lender based in Boca Raton, Florida. It is backed by a global asset management firm that gives the company balance-sheet strength alongside its investor-focused programs. Beyond standalone DSCR loans, LendingOne runs a dedicated Institutional Group for high-value, complex transactions, including build-to-rent aggregation facilities and SFR portfolio term loans above $100 million.

Institutional backing doesn't sacrifice accessibility for smaller investors. LendingOne serves emerging investors with one to five units alongside the portfolio-scale clients its Institutional Group was built for.

LendingOne Services

• DSCR rental loans for new purchases, refinances, and cash-outs, with options for negative cash-flowing or break-even properties.
• SFR Portfolio loans consolidate several single-family rentals into one loan with one payment.
• Short-term rental financing for Airbnb and VRBO properties held under an LLC.
• Fix and Flip, Fix to Rent, and New Construction financing alongside DSCR are useful for investors implementing a full BRRRR strategy with one lender.

LendingOne Costs

DSCR loans go up to 80% LTV on purchases and refinances, and up to 75% LTV on cash-out refinances. SFR Portfolio loans require a minimum DSCR of 1.0, while standalone DSCR loans can go as low as 0.75 depending on the program.

LendingOne Terms

A portfolio loan requires a minimum of three properties. Prepayment penalty options range from zero to five years, giving investors flexibility. LendingOne lends in every state except Alaska, Nevada, North Dakota, and South Dakota.

LendingOne Loan Process

Borrowers work with a dedicated loan officer from application to closing. The company cites this model as the reason for its strong customer service reputation.

LendingOne Reviews

LendingOne has a 4.5 out of 5 Trustpilot rating from over 400 reviews and an A+ Better Business Bureau rating. Reviews highlight responsive loan officers and a smooth process for DSCR and ground-up construction deals. A few BBB complaints involve servicing disputes after closing, including insurance escrow handling, not underwriting or funding issues.

Getting Started with LendingOne

Investors can request a custom rate quote for any LendingOne loan product, including DSCR rental loans, through its website.

LendingOne's combination of institutional capital and investor-accessible underwriting makes it a strong choice for investors planning to scale into a multi-property portfolio. However, investors needing a single, straightforward rental loan may find a smaller specialist lender offers a more streamlined process.

Lima One Capital: Ideal for Small Multifamily and BRRRR Investors

Lima One Capital has been a notable presence in private real estate lending. The company is headquartered in Greenville, South Carolina, and is backed by MFA Financial, a publicly traded real estate investment trust. This backing gives it institutional capital behind a lending platform that has originated over $10 billion since launch.

Lima One stands out from most DSCR lenders on this list because it finances 5-to-8-unit small multifamily properties under its DSCR program, a type most residential DSCR lenders avoid. Combined with in-house fix-and-flip and ground-up construction products, Lima One is a comprehensive option for investors running the full BRRRR cycle.

Lima One Services

• The company's core product with the best pricing, standard DSCR loans for properties with a DSCR of 1.0 or higher.
• A Low-DSCR Program requiring 25% down and a higher credit floor for properties between 0.90 and 0.99.
• DSCR financing for 5-to-8-unit small multifamily properties is atypical among residential-focused DSCR lenders.
• In-house construction management for investors running a Flip2Rent or Build2Rent strategy through a permanent DSCR loan.

Lima One Costs

Loan amounts range from $75,000 to $5 million, with rates starting around 7.0% for qualifying borrowers. Origination fees are 1.5% to 3% of the loan amount, plus appraisal and underwriting costs.

Lima One Terms

Standard DSCR loans require a minimum 660 credit score, rising to 680 for the Low-DSCR Program. Lima One operates in 46 states and applies standard prepayment step-down penalties on its 30-year DSCR product, consistent with most long-term DSCR loans.

Lima One Loan Process

Borrowers get a dedicated account manager who stays with the file from application to closing. Lima One handles servicing in-house rather than outsourcing it. The internal refinance path from a construction loan to a permanent DSCR loan is a strength, since the same team holds the borrower's file and property documentation.

Lima One Reviews

Lima One holds an A+ rating from the Better Business Bureau, but its public review volume is thin, with around 27 reviews on Trustpilot. That smaller sample shows a real split. Several reviews praise transparent communication and a smooth closing process, while others describe serious accountability gaps during underwriting, including last-minute changes to closing requirements. With this sample size, individual experiences carry more significance than for a higher-volume lender.

How to Get Started with Lima One

Investors can apply directly through Lima One's website or work with a retail broker partner.

Lima One's small multifamily DSCR financing and integrated construction-to-rental pipeline make it a strong fit for experienced investors running BRRRR deals or buying 5-to-8-unit properties most lenders won't finance. First-time investors, or those wanting a larger, thoroughly reviewed track record before committing, may want to compare Lima One against a higher-volume alternative.

Griffin Funding: Ideal for Self-Employed and First-Time Investors

Griffin Funding, a direct-to-consumer mortgage lender, was founded in 2013 and is headquartered in San Diego, California. It has funded over $3 billion since inception. Unlike most lenders on this list, Griffin operates as both a consumer mortgage lender and an investor lender. It offers VA loans, bank statement loans, conventional mortgages, and DSCR loans under one roof, which can be helpful for an investor needing a personal mortgage product from the same company.

Griffin's proprietary AI-driven underwriting platform, LIA, speeds up non-QM approvals. The average DSCR closings are 34 days, with some in 6.

Griffin Services

• DSCR Purchase Loans for new and experienced investors, with no income verification required.
• DSCR Home Equity Loans (HELOAN) to tap investment property equity without affecting the first mortgage.
• A no-ratio DSCR option for investors who do not need the property's cash flow to qualify.
• Fixed-rate, ARM, and interest-only DSCR structures.

Griffin Costs

DSCR loan amounts range from $100,000 to $20 million. Fixed DSCR rates will be published in mid-2026, ranging between 6.125% and 7.5%. Adjustable rates will range between 5.125% and 6.125%, depending on credit, DSCR ratio, and prepayment term. Griffin's guidelines list a minimum 620 credit score, among the most attainable.

Griffin Terms

Griffin qualifies DSCR loans down to a 0.75 ratio and offers no-ratio programs where cash flow isn't used to qualify. The company lends in all 50 states and does not apply Fannie Mae or Freddie Mac loan-level price adjustments to its DSCR pricing, an advantage conventional investment-property loans lack.

Griffin Loan Process

Griffin's AI underwriting platform aims to reduce manual review time on non-QM files. Recently, the company funded dozens of DSCR loans with an average DSCR around 1.14 and an average borrower FICO near 730. This demonstrates the platform handles a real volume of investor business rather than a few edge cases.

Griffin Reviews

Griffin Funding has a 4.7/5 Google rating from over 700 reviews, a 4.6/5 Yelp rating from over 160 reviews, and an A+ BBB rating with a 4.91/5 customer score. Reviews cite responsive, named loan officers and a transparent process, including for DSCR-specific files with clear underwriting condition explanations.

How to Start with Griffin Funding

Investors can request a personalized rate estimate through Griffin Funding's website without a credit inquiry.

Griffin's accessible credit floor, broad product menu, and strong review scores make it a smart choice for first-time investors or self-employed borrowers needing a personal mortgage. However, investors focused on the lowest rate for a large DSCR loan may find a specialist lender prices more competitively.

What DSCR Lenders Do

DSCR lenders underwrite investment property loans based on rental income rather than the borrower's personal income, employment history, or debt-to-income ratio. The qualification math is simple:

DSCR = Gross Rental Income ÷ PITIA (Principal, Interest, Taxes, Insurance, Association Dues)

A DSCR of 1.0 means the rental income covers the mortgage payment. A DSCR above 1.0 indicates the property generates more income than it costs, while a ratio below 1.0 means a cash-flow deficit unless an investor has strong compensating factors.

DSCR lenders skip W-2s, tax returns, and pay stubs because qualification runs through the property rather than the borrower. This makes the loan category useful for self-employed investors, those pursuing complex tax strategies like a 1031 exchange, rapidly scaling portfolios, and short-term rental operators whose income doesn't show up clearly on a tax return. It also removes the 10-financed-property cap that applies to conventional Fannie Mae and Freddie Mac loans, since DSCR loans aren't sold to those agencies.

What to Consider in a DSCR Lender

The best DSCR lenders do more than approve a loan application. A good lender helps an investor close on time, understand the real loan cost, and scale into future deals without having to start from scratch.

When choosing a DSCR lender, consider these factors:

• Look for a lender with flexible methods for evaluating Airbnb and VRBO income, not one that sees short-term rentals as an exception, for true STR underwriting expertise.
• Flexible underwriting for real scenarios: First-time investors, rural properties, and properties with ADUs don't fit neat suburban boxes. The best lenders evaluate the deal rather than forcing it into strict categories.
• Entity vesting support: Choose a lender comfortable with LLCs, S-corps, layered entities, and foreign national borrowers, since restrictive vesting requirements limit the asset-protection strategies that serious investors rely on.
• A real path to scale is to look for lenders offering portfolio or blanket loan products, not just single-property financing, if growing past one or two properties is part of the plan.
• Speed, transparency, and a single point of contact: A competitive rate means little if the lender changes terms before closing. Prioritize lenders with a history of closing on quoted terms.
• Independent review ratings: Check Trustpilot, BBB, and Google for patterns in a lender’s performance, not just its marketing claims.

How to Choose the Right DSCR Lender

Not every investor needs the same DSCR lender. A first-time buyer with a single rental might prioritize accessibility and guidance, while an investor scaling to a 20-property portfolio cares more about blanket loan structures and institutional capital. Follow these steps to match your strategy to the right lender:

• Choose an accessible-entry lender if you're a first-time investor: Look for lenders that welcome newcomers without requiring extensive landlord experience, with a dedicated point of contact to guide you.
• If you operate short-term rentals, prioritize STR-specific underwriting. Seek lenders using modern data sources like AirDNA reports instead of relying on long-term rental comparables that underestimate STR income.
• If you're scaling, look for blanket or portfolio products. As your portfolio grows, a lender offering programs that consolidate multiple properties under one loan saves time and money.
• If you're a foreign national or self-employed, choose specialized programs: Standard underwriting complicates these situations, so pick a lender with specific documentation paths for your scenario.
• Before committing, review contract terms. Pay attention to prepayment penalty structure. A 5-4-3-2-1 step-down can be costly if you plan to refinance or sell within a few years.
• Read independent reviews: Real borrowers’ reviews reveal how a lender behaves with complicated files, which is more important than performance on a straightforward deal.

Methodology for Ranking the Top DSCR Lenders

To rank the best DSCR lenders, we compared providers on program flexibility, pricing transparency, investor-friendly underwriting, state licensing coverage, and overall value. We also considered closing speed, portfolio scaling options, and treatment of short-term rental income.

We reviewed the websites and rate sheets of the leading non-QM and private real estate lenders. Then we checked independent customer feedback from borrowers on Trustpilot, the BBB, Google, and Yelp to understand each lender’s strengths and limitations.

This methodology helped us identify the 7 DSCR lenders with the best flexibility, transparency, and execution for real estate investors in 2026.

Conclusion

In 2026, the 7 best DSCR lenders in the US market are these, with theLender as the top choice for real estate investors overall. If you need a large non-QM platform, Angel Oak Mortgage Solutions is worth a look. If you're a long-term buy-and-hold investor who values a specialist's pricing, Visio Lending is a strong alternative. Investors prioritizing speed and a digital-first process may prefer Kiavi, while those scaling toward an institutional-size portfolio should consider LendingOne. Lima One Capital stands out for small multifamily and BRRRR financing, and Griffin Funding is a suitable choice for first-time or self-employed investors wanting their personal mortgage under one roof.

If you want a lender focused on investor cash flow, with flexibility on STR income, entity structure, and portfolio size, theLender is the partner to start with. Get a custom loan estimate to see how your deal performs.

FAQ

What is the minimum DSCR required by lenders?

Most lenders seek a DSCR of 1.0 or higher, meaning rental income meets or exceeds the mortgage payment. Several lenders on this list, including theLender's NearNONI program, Kiavi, and Griffin Funding, will accept below 1.0 for borrowers with strong compensating factors like higher reserves or a larger down payment.

What is the minimum credit score for a DSCR loan?

Credit requirements vary by lender and program, generally ranging from 600 to 680. Griffin Funding and Angel Oak Mortgage Solutions accept lower scores, while Visio Lending and Lima One Capital's standard programs set the bar closer to 660 to 680.

Can a first-time investor get a DSCR loan?

Yes. Most lenders on this list, including theLender, Griffin Funding, and Kiavi, welcome first-time investors without requiring prior landlord experience. The property's cash flow, not the borrower's track record, drives the underwriting decision.

Are DSCR loans available in all states?

Availability depends on each lender's licensing. theLender lends in most states except Utah and Nevada, Kiavi covers 49 states plus DC, and Griffin Funding operates in all 50. Always confirm the current licensing with your target lender before depending on a specific state.

Can I do a cash-out refinance with a DSCR loan?

Yes, cash-out refinances are common and widely available across DSCR lenders. TheLender requires no ownership seasoning, while competitors LendingOne and Kiavi allow cash-out shortly after purchase.

Is a personal guarantee required on a DSCR loan?

Yes, across every lender on this list. DSCR loans are full recourse and require a personal guarantee from entity principals, even when the loan is held in an LLC or other entity. The asset-protection benefit of proper entity structuring still applies; it doesn't eliminate personal liability on the loan.