Best DSCR Lenders of 2026: Our Complete Analysis
The DSCR lending market has grown substantially over the past three years, and with more options comes more complexity. Choosing the wrong lender — whether because of mismatched DSCR requirements, geographic restrictions, or fees — can cost investors thousands or derail a deal entirely.
We evaluated the top 8 DSCR lenders based on their rates, minimum DSCR requirements, loan limits, state coverage, technology, and investor-specific features. Here's our complete analysis.
What to Look for in a DSCR Lender
Before diving into individual lender profiles, here are the six factors that matter most when evaluating DSCR loan providers:
1. Minimum DSCR ratio: Some lenders require 1.25; others accept 0.75. This single factor can determine whether your deal gets done.
2. Rate competitiveness: DSCR rates range from roughly 5.875% to 8.75%+ in today's market. A 0.5% rate difference on a $500,000 loan is $2,500/year — real money.
3. Loan limits: For luxury or larger properties, maximum loan amounts matter. Residential DSCR limits range from $3M to $30M across the top lenders — most non-QM lenders cap around $3–5M, while bank-portfolio programs like Axos reach considerably higher.
4. Geographic coverage: Not every lender is licensed in every state. Verify coverage before going through the application process.
5. Closing speed: If you need to close in 15 business days, your lender selection narrows quickly. Some lenders average 4–6 weeks.
6. Special programs: BRRRR strategy? Short-term rental? Portfolio scaling? Specific lenders have built products around specific investment strategies.
Lender-by-Lender Analysis
1. New Silver
Rates from: 6.00% | Min DSCR: 0.75 | Min FICO: 660 | Max Loan: $3M
New Silver earns the top spot in 2026 on the combination of price and speed. Its 6.00% starting rate is a whisker behind Kiavi's promotional 5.875% at the front of the market, but its instant pre-approval technology delivers same-day results that no competitor here matches — and for investors working competitive offers, that turnaround is often worth more than an eighth of a point.
The 0.75 minimum DSCR is a meaningful differentiator for investors with properties in tight markets where rent-to-price ratios are thin. Combined with rates among the lowest on our list, New Silver is compelling for investors who prioritize cost efficiency.
Pros:
- Among the lowest advertised starting rates in our comparison
- Fastest pre-approval on this list — same-day, fully automated
- Accepts 0.75 minimum DSCR
Cons:
- 660 minimum FICO (some lenders go lower)
- Geographic coverage not universal
Best for: Cost-conscious investors in markets with thin DSCR margins
2. Beeline
Rates from: Not published — see Beeline's DSCR page | Min DSCR: 0.75 | Min FICO: 640 | Max Loan: Not published
Beeline's technology-first approach makes them one of the fastest lenders on our list to get through. Their fully online process eliminates the delays common with traditional lenders, and their 640 minimum FICO is the second-lowest in our comparison — published openly on their DSCR page, along with a 20% minimum down payment and a 12-month rental or mortgage history requirement.
The 0.75 minimum DSCR combined with 640 FICO makes Beeline one of the most accessible major DSCR lenders for investors with less-than-perfect profiles. The platform's digital interface is genuinely best-in-class.
Pros:
- Technology-forward, fully digital process — apply in about 10 minutes
- Low FICO requirement (640), published openly alongside the 20% minimum down payment
- Accepts 0.75 minimum DSCR
- Long-term and short-term rentals both eligible
Cons:
- 28 states only — the narrowest coverage in this comparison
- Publishes no starting rate and no maximum loan amount
- Platform-dependent (less personal service than traditional lenders)
Best for: Tech-savvy investors who value speed and digital convenience
3. Axos Bank
Rates from: Not published — see Axos's DSCR page | Min DSCR: 1.0 (no-ratio available) | Min FICO: 700 | Max Loan: $30M
Axos is the only FDIC-insured chartered bank on our list — everyone else is a non-QM lender or broker. For investors who'd rather work with a direct bank that keeps loans on its own balance sheet, that's a meaningful difference: a single banking relationship, nationwide coverage in all 50 states, and the stability of an established institution. As a portfolio lender, Axos also carries the highest loan ceiling in our comparison — its 1–4 unit DSCR program is published at up to $30M, well above the $3–5M typical of the non-QM lenders here, making it a natural fit for high-value residential deals.
The 700 FICO minimum is the highest in our comparison, reflecting Axos's more conservative, bank-grade credit profile. For strong-credit borrowers who value a direct bank over a digital-first lender, Axos is a solid choice.
Pros:
- Only FDIC-insured direct bank in our comparison
- Highest loan ceiling in our comparison (1–4 unit DSCR program to $30M)
- All 50 states coverage
- Portfolio lender — keeps loans in-house for relationship flexibility
- Established bank infrastructure
Cons:
- Highest published FICO requirement (700)
- Publishes no starting rate and no standard-program DSCR minimum — it defers to investor guidelines
- Traditional bank process (slower than digital-first competitors)
Best for: Investors who want a direct, nationwide bank lender
4. Griffin Funding
Rates from: 6.375% 30-yr fixed | Min DSCR: none required — no-ratio available | Min FICO: 620 | Max Loan: $4.5M
Griffin Funding occupies an interesting middle ground: accessible minimum requirements (0.75 DSCR, 620 FICO) combined with high loan limits ($4.5M). This combination makes them uniquely positioned for investors acquiring luxury or larger residential properties that don't reach commercial scale.
Their jumbo DSCR focus means underwriters have deep experience with complex high-value deals. For investors in coastal or luxury markets where property values are high, Griffin Funding is often the natural fit.
Pros:
- High loan limit ($4.5M) for jumbo residential deals
- Low minimum DSCR (0.75) and FICO (620) — plus a no-ratio program with no DSCR minimum at all
- Publishes its rates and updates them — 6.375% on the 30-year fixed as of 1 Sep 2026
- Specialty expertise in jumbo DSCR
Cons:
- Lowest advertised rates require buydown points
- Geographic availability not universal
Best for: Luxury property investors and those with large loan amounts
5. Visio Lending
Rates from: Not published — see Visio's site | Min DSCR: 1.0 | Min FICO: 680 | Max Loan: $5M (Rental360)
Visio Lending has been in the DSCR space longer than almost anyone — since 2012, before the product was even widely known. That experience translates to deep underwriting expertise, a team that genuinely understands investor needs, and a track record that many newer entrants can't match.
Visio's real edge is short-term rentals: they were one of the first lenders to underwrite DSCR loans on Airbnb and vacation properties, qualifying the deal off AirDNA market data or 12-month remittance history rather than a long-term lease. For STR investors — where most lenders balk or cap LTV aggressively — that underwriting expertise is hard to match.
Pros:
- Short-term rental / Airbnb specialist — uses AirDNA income data
- DSCR specialist since 2012 — most experience in market
- Dedicated investor support team
- Broad coverage: 48 states (excludes Alaska and Hawaii)
- Rental360 lends to $5M — second only to Axos in this comparison
Cons:
- 1.0 DSCR floor on the standard program (sub-1.0 is case-by-case, not published)
- Publishes no starting rate, so you can't price-shop without contacting them
Best for: Short-term rental and Airbnb investors
6. Angel Oak
Rates from: Not published — see Angel Oak's program page | Min DSCR: 1.0 (sub-1.0 & no-DSCR available) | Min FICO: 680 | Max Loan: $3M
Angel Oak is one of the largest non-QM lenders in the country, and their DSCR program benefits from institutional scale. They're licensed in all 50 states, have diverse non-QM loan programs, and are a strong choice for investors who have or plan to have a varied portfolio that might include other non-QM products.
One important practical point: Angel Oak Mortgage Solutions is a wholesale lender. It works through approved mortgage brokers and correspondents rather than taking applications from borrowers directly, so you reach this program via a broker, not by applying on their site.
Their multi-property investor programs make them particularly useful for scaling investors who want to consolidate their lending relationship with a single capable institution.
Pros:
- Available in all 50 states
- Established non-QM institutional backing
- Strong for multi-property investors
- Sub-1.0 DSCR and no-DSCR options available alongside the standard program
- 85% max LTV (15% down) for borrowers at 720+ FICO
- Diverse complementary loan programs
Cons:
- Publishes no starting rate, so you can't price-shop without contacting them
- Best LTV (85%) needs a 720 FICO; the 680 floor caps you at 75% (25% down)
- Broker-only — you cannot apply directly, you need a mortgage broker
Best for: Multi-property investors seeking a comprehensive non-QM lender
7. theLender
Rates from: Not published — see theLender's NONI page | Min DSCR: 1.0 NONI / sub-1.0 nearNONI | Min FICO: 680 NONI, 620 nearNONI | Max Loan: Not published — sources conflict
theLender's NONI program — the name stands for Non-Owner-occupied, No Income, though theLender renders the acronym inconsistently across its own sites — qualifies the loan without any review of the borrower's personal income: no W-2s, no tax returns, no paystubs. It is a no-income product rather than a no-ratio one, and that distinction matters: NONI still wants the property to carry itself, at a DSCR of 1.00 or better, with an 85% LTV ceiling at 680 FICO or 80% at 660.
For deals where the property doesn't quite cover itself, theLender runs a companion program called nearNONI, which explicitly allows a DSCR below 1.00 and drops the credit floor to 620 at up to 75% LTV. That pairing — not NONI alone — is what makes theLender useful on marginal deals.
Eligible property types are single-family homes, condos, townhomes, and 2–4 unit duplexes through quads, with no limit on the number of financed properties (four or more triggers a board review). theLender publishes no starting rate, and its own pages quote different ceilings for these programs — anywhere from $1.5M to $3.5M depending on which of its sites you land on. Ask them which applies to your scenario rather than trusting any single published figure, ours included.
Pros:
- NONI qualifies with no income or employment documentation at all
- nearNONI explicitly accepts sub-1.0 DSCR down to a 620 FICO
- No cap on the number of financed properties
- 30-year fixed, 40-year fixed, and 7/6 and 10/6 ARM structures available
Cons:
- Publishes no starting rate, so you can't price-shop without contacting them
- NONI is not a no-ratio program despite how it's often described — the property still needs a 1.00 DSCR
- Its own sites quote conflicting maximum loan amounts ($1.5M to $3.5M)
Best for: Investors who need no income verification
8. Kiavi
Rates from: 5.875% promo | Min DSCR: 0.80 | Min FICO: 660 | Max Loan: Not published
Ownership change: Figure completed its acquisition of Kiavi on 1 September 2026. Kiavi's own page now states that all DSCR and rental loans are originated and funded by Figure Lending LLC dba Figure, effective 9/1/2026. The Kiavi brand and application remain in use. If you have a quote in progress, get your lender of record and servicer confirmed in writing.
Kiavi currently advertises the lowest starting rate in our comparison at 5.875% — a promotional campaign rate rather than a standing floor — paired with a 0.80 minimum DSCR and LTV up to 80% — a combination that makes it both the cheapest and one of the more flexible options on this list. Add coverage in 49 states plus DC and it is hard to rule out for most residential deals.
What Kiavi offers that others don't is a fully integrated platform carrying fix-and-flip bridge loans and DSCR rental loans in one system. For BRRRR investors — who buy distressed properties, renovate them, and then refinance into long-term rentals — tracking a deal from bridge to DSCR refinance without changing lenders removes a genuine friction point.
Pros:
- Lowest advertised starting rate in our comparison (5.875%, promotional)
- Accepts DSCR as low as 0.80 with up to 80% LTV
- Fix-and-flip + DSCR on one platform (ideal for BRRRR)
- Strong technology infrastructure
Cons:
- That 5.875% is a promotional rate and best-case pricing — it can be withdrawn, and everyday quotes run materially higher
- Publishes no loan amount range, so the ceiling is unknown until you ask
- Not a fit for 5+ unit commercial property
Best for: BRRRR strategy investors who need both bridge and DSCR financing
Summary Comparison Table
Sorted by starting rate where one is published, then alphabetically. Every figure links to the lender's own program page.
| Lender | Min DSCR | Rate From | Min FICO | Max Loan | Best For | |---|---|---|---|---|---| | Kiavi | 0.80 | 5.875% (promo) | 660 | Not published | Lowest rates · BRRRR strategy | | New Silver | 0.75 | 6.00% | 660 | $3M | Thin-margin deals · fastest approval | | Griffin Funding | None — no-ratio | 6.375% | 620 | $4.5M | Jumbo DSCR | | Angel Oak | 1.0 (sub-1.0 avail.) | Not published | 680 | $3M | Multi-property · broker-only | | Axos Bank | 1.0 (no-ratio avail.) | Not published | 700 | $30M | Bank-direct | | Beeline | 0.75 | Not published | 640 | Not published | Digital/speed | | theLender | 1.0 (nearNONI sub-1.0) | Not published | 620 | Not published | No income verification | | Visio Lending | 1.0 | Not published | 680 | $5M | Short-term rental |
Only Kiavi, New Silver and Griffin publish a starting rate. Those three figures were read off the lenders' own pages on 21 September 2026 and are best-case pricing for top-credit borrowers buying points — not averages. For the other five we link to the program page rather than print a rate we can't source.
How to Choose the Right Lender for Your Situation
Run these filters to narrow to the right lender:
- Check your DSCR ratio first (use our free calculator)
- Verify the lender serves your state (check lender websites)
- Match your loan amount to lender limits (largest residential DSCR → Axos to $30M, then Visio at $5M and Griffin at $4.5M)
- Align the lender with your strategy (BRRRR and lowest rate → Kiavi, fastest approval → New Silver, short-term rental → Visio, no income verification → theLender or a no-ratio program from Griffin or Angel Oak)
- Get quotes from at least 3 lenders — rates vary meaningfully even on identical deals
For a full side-by-side comparison with sortable columns, visit our lender comparison page and sort by your DSCR, FICO, and loan size to see which lenders are most likely to approve your specific deal.
Related: Compare All 8 Lenders | Current DSCR Rates 2026 | DSCR Loan Requirements 2026
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