Best DSCR Lenders

Investors call asking who has the best DSCR rate. Rate is the wrong starting question. Whether the lender accepts short-term rental income, whether they’ll go to 0.75 DSCR, whether they’ll close in an LLC — those are program questions, and the answers are fixed. Rate floats daily; program eligibility doesn’t. FICO floors run 640 to 680 across this list. Max LTV from 75% to 85%. Seven lenders actively originating in 2026.

Already comparing programs? See our DSCR loan overview or call 833-350-9185 to run your scenario.

Selection criteria

We evaluated lenders against the following:

Active volume — funded loans in 2026, not dormant programs
No personal income verification — a true DSCR program qualifies solely on the property’s rent-to-payment ratio
Meaningful geographic reach — 20+ states minimum
LLC acceptance — investment properties routinely close in an LLC; programs that require individual borrowers only are a significant limitation
Documented FICO floors and LTV caps — programs with transparent guidelines that don’t change case-by-case

Rates are excluded from this comparison. Non-QM rates vary daily by program, LTV, FICO, and loan size — any published number would be misleading within 48 hours.

Lender comparison table

Lender	Min FICO	Max LTV	Max Loan	Min DSCR	LLC Close	STR Accepted
1st Nationwide Mortgage	640	85%	$3.5M+	0.75	Yes	Yes
Visio Lending	680	80%	$2M	1.0	Yes	Yes
Kiavi	660	80%	$3M	1.0	Yes	No
Lima One Capital	660	80%	$2M	1.0	Yes	Limited
CoreVest Finance	680	75%	No cap	1.0	Yes	Yes
Angel Oak Mortgage	640	80%	$3M	0.75	Yes	Yes
Griffin Funding	640	80%	$5M	0.75	Yes	Yes

Program details change. Verify minimums, LTV, and STR acceptance before applying.

Lender profiles

1st Nationwide Mortgage

1st Nationwide (NMLS #1281) accesses DSCR programs across 41 states plus D.C. through direct lender relationships and wholesale partners. FICO minimum is 640 publicly advertised; programs exist down to DSCR 0.75. Maximum LTV is 85%, with 80% being the most common cap for cash-out refinances. Short-term rental income is accepted on select programs using AirDNA or Rabbu market rent comparables. Cash-out seasoning requirements vary — some programs allow 30-day seasoning from purchase. LLC close is standard and preferred. Compare DSCR options or run your scenario at 833-350-9185 .

Visio Lending

Visio is one of the largest dedicated single-family rental (SFR) lenders in the country, focused exclusively on DSCR and rental portfolio financing. They don’t do fix-and-flip or bridge. Their DSCR program requires a minimum 1.0 DSCR (rent must cover the mortgage) and a 680 FICO. Maximum LTV is 80%. Loan amounts run up to $2M. They have a strong track record of closing clean DSCR files quickly and have established secondary market relationships that make their execution reliable. Short-term rental income is accepted with STR lease or revenue history.

Kiavi

Kiavi (formerly LendingHome) is one of the highest-volume residential investment lenders in the country, covering fix-and-flip bridge loans and 30-year DSCR rental loans. Their DSCR product has a 660 FICO minimum and 80% LTV cap. Loan amounts go to $3M. Kiavi does not accept short-term rental income for DSCR qualification — properties qualify on long-term lease rates only. Tech-forward platform, fast decisions. STR deals go elsewhere.

Lima One Capital

Lima One is a direct lender specializing in residential investment property loans — fix-and-flip, ground-up construction, and DSCR rental loans. Their DSCR product starts at 660 FICO and 80% LTV. Loan amounts top out near $2M for standard files. Lima One has a national footprint and is well-capitalized; they’ve been consistent closers in markets where some non-QM lenders have pulled back. Short-term rental acceptance is limited — confirm with their team on a case-by-case basis.

CoreVest Finance (Ready Capital)

CoreVest, now part of Ready Capital, focuses on institutional investors and portfolio buyers — often 5+ properties or multi-unit projects. Their DSCR product is designed for professional investors rather than first-time rental buyers. FICO minimum is 680; LTV caps at 75% for most programs. There is no stated maximum loan amount, which makes them the right call for large individual properties or portfolio refinances. Pricing and execution are institutional; single-family investors doing one or two rentals may find more flexibility elsewhere.

Angel Oak Mortgage Solutions

Angel Oak’s DSCR program runs on the same institutional infrastructure as their bank statement and other non-QM products — consistent guidelines, broad state coverage. FICO minimum is 640. LTV to 80%. Minimum DSCR is 0.75, so they’ll finance a property where rent doesn’t fully cover the mortgage. LLC close is standard. Short-term rental income is accepted using third-party STR data. The combination of 640 FICO floor and 0.75 minimum DSCR covers scenarios most lenders on this list won’t touch.

Griffin Funding

Griffin Funding markets DSCR loans directly to consumers, with loan officers available by phone. Their DSCR program accepts a 640 FICO and 0.75 minimum DSCR. LTV goes to 80%. Maximum loan amount is $5M. LLC close is available. Short-term rental income is accepted. Phone-accessible, direct-to-consumer. Reasonable when the borrower wants a single point of contact and isn’t shopping the broker channel.

How DSCR is calculated

DSCR = Monthly Rental Income ÷ Monthly PITIA

PITIA = Principal + Interest + Taxes + Insurance + HOA/Association dues.

A 1.25 DSCR on a $2,000 monthly PITIA means the property generates $2,500 in rent. A 0.90 DSCR means rent only covers 90% of the payment — you’ll need to show you can fund the shortfall.

Most programs use the appraiser’s market rent schedule for vacant properties, or the actual lease for occupied ones. Some programs (particularly on short-term rentals) allow a projection from AirDNA or Rabbu data.

FAQ

Most programs require at least a 1.0 DSCR — rent must at least equal the full PITIA payment. Some programs go as low as 0.75 DSCR, though below 1.0 you’ll typically see a higher rate and lower maximum LTV as tradeoffs. A DSCR above 1.25 is considered strong and generally unlocks the best program terms.

No. That’s the defining feature. DSCR loans qualify the property — not the borrower’s income. As long as the rent covers the payment at the required ratio, personal income documents are not reviewed. Some lenders require a soft income verification (1003 form with stated income), but no proof of income is required.

Yes — and most experienced investors prefer it. LLCs limit personal liability exposure from tenant lawsuits. All lenders on this list accept LLC borrowers. You’ll need your operating agreement, EIN letter, and confirmation of ownership/member structure. Some lenders add a small LLC review fee; others do not.

Some programs accept short-term rental income; others require long-term lease rates. When STR income is used, lenders typically require AirDNA or Rabbu comparable data to document projected revenue. If the market rent calculation (long-term) still clears the DSCR floor, it may qualify either way. Confirm STR acceptance before applying — it’s a program-level decision, not a lender-level one.

Most programs require 15-20% down (80-85% LTV) on a purchase. Some programs allow 85% LTV on purchases and some refinances. Cash-out refinances typically have a lower LTV cap (75-80%) than rate-and-term or purchase transactions.

No limit. This is one of DSCR’s most underrated advantages. Conventional/conforming financing caps investors at 10 financed properties (Fannie Mae guidelines). DSCR loans are not subject to this cap — each property qualifies independently based on its own cash flow.

Start a DSCR loan application — or call 833-350-9185 to run your numbers with a loan officer.