What is a good DSCR ratio?

Most lenders want a DSCR of at least 1.0, meaning the property's income covers the debt payments. A DSCR of 1.25+ gets you better rates and terms.

Can I get a DSCR loan with no money down?

No. DSCR loans typically require 20-25% down. Some lenders may accept cross-collateralization to reduce cash needed.

Do DSCR loans show on my credit report?

It depends on the lender. Some report to credit bureaus, others don't. Ask your lender before closing.

Can I use a DSCR loan for a short-term rental?

Yes. Many DSCR lenders accept Airbnb/VRBO income. They typically use projected rental income from platforms like AirDNA or actual booking history.

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DSCR Loans in Grand Rapids, MI

Find lenders offering dscr loans in the Grand Rapids, including Wyoming, Kentwood, Holland, and surrounding areas. Compare rates, terms, and programs from 42 lenders.

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Lenders

Typical Rate

7.0% - 9.5%

Down Payment

20-25%

Term

30 years

Closing Time

2-4 weeks

DSCR Lenders Serving Grand Rapids

42 lenders offering dscr loans in the Grand Rapids, MI area.

First National Bank of America

Local

East Lansing, MI

Community bank offering a DSCR program for investment properties with flexible terms. Known for portfolio lending and willingness to work with non-traditional borrowers.

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UWM (United Wholesale Mortgage)

Local

Pontiac, MI

Largest wholesale mortgage lender in the US offering DSCR investor loans. Massive scale with fast turn times and competitive pricing through mortgage brokers only.

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A&D Mortgage

Fort Lauderdale, FL

Wholesale non-QM lender. DSCR loans with 0 minimum DSCR, 80% max LTV, min FICO 620.

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Angel Oak Mortgage Solutions

Atlanta, GA

Major non-QM and DSCR lender. Investor cash flow loans up to $1.5M. 40-year terms with interest-only options. No limit on properties.

$100K – $2M

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Civic Financial Services

Redondo Beach, CA

Private money lender for residential investment properties. Bridge and DSCR rental loans. Subsidiary of Pacific Western Bank.

$100K – $5M

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CoreVest Finance

Irvine, CA

Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.

$200K – $50M

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CrossCountry Mortgage

Cleveland, OH

Large national lender offering DSCR, bank statement, and non-QM mortgage products alongside conventional and government loans.

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Defy Mortgage

DSCR lender with flexible terms. Accepts DSCR as low as 0.75 or no ratio. Up to 85% LTV on SFR purchases. Available in 35+ states.

$100K – $3M

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Easy Street Capital

Austin, TX

Investment property lender specializing in fix-and-flip, bridge, and DSCR rental loans. Loans approved in 24 hours, close in 48 hours. Min credit score 600.

$75K – $5M

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Griffin Funding

Nationwide DSCR lender. No income verification, DSCR as low as 0.75. Up to $5M loan amounts. Also offers VA, conventional, and non-QM loans.

$100K – $5M

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JMAC Lending

DSCR loans available in select states. Min DSCR 0.75, max LTV 75%, min FICO 660-700.

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Kiavi

San Francisco, CA

Technology-driven lender (formerly LendingHome). $16B+ in loans funded. DSCR rental loans and bridge loans for fix-and-flip.

$100K – $3M

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Lending One

Boca Raton, FL

National direct lender for real estate investors. Fix-and-flip, bridge, and 30-year DSCR rental loans. $5B+ in originations.

$75K – $5M

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Lima One Capital

Greenville, SC

Private lender for real estate investors. DSCR loans require 1.5+ ratio, min FICO 700. 5, 10, and 30-year options. Up to 75% LTV on purchases.

$75K – $5M

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New Silver Lending

Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.

$100K – $5M

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Grand Rapids Commercial Real Estate Market

Grand Rapids is West Michigan's economic capital and one of the fastest-growing mid-size CRE markets in the Midwest, driven by advanced manufacturing, healthcare, and a surging population. The Medical Mile corridor along Michigan Street NE, anchored by Spectrum Health (now Corewell Health) and the Van Andel Institute, has attracted over $2 billion in biomedical development. Downtown's Monroe Center and the Wealthy Street corridor have benefited from adaptive-reuse projects converting former furniture manufacturing buildings into creative office and mixed-use spaces. The city's furniture manufacturing heritage has evolved into a broader advanced manufacturing base, with industrial demand strongest along the 28th Street and I-96 corridors.

Key Economic Drivers

●Corewell Health (formerly Spectrum Health) Medical Mile campus and biomedical research investment
●Advanced manufacturing including Steelcase, Amway, and automotive supplier operations
●Van Andel Institute and Michigan State University College of Human Medicine research facilities
●Craft beverage tourism and downtown hospitality anchored by Founders Brewing and the convention center

Market Insight

Grand Rapids' Medical Mile has attracted over $2 billion in life sciences and healthcare investment along a single corridor, creating one of the densest clusters of medical office and research space in the Midwest outside of major metro areas.