DSCR Loans in Lansing, MI
Find lenders offering dscr loans in the Lansing, including East Lansing, Okemos, Dewitt, and surrounding areas. Compare rates, terms, and programs from 42 lenders.
Which DSCR lenders serve Lansing?
42 lenders offering dscr loans in the Lansing, MI area.
First National Bank of America
LocalEast 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.
UWM (United Wholesale Mortgage)
LocalPontiac, 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.
A&D Mortgage
Fort Lauderdale, FL
Wholesale non-QM lender. DSCR loans with 0 minimum DSCR, 80% max LTV, min FICO 620.
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.
Civic Financial Services
Redondo Beach, CA
Private money lender for residential investment properties. Bridge and DSCR rental loans. Subsidiary of Pacific Western Bank.
CoreVest Finance
Irvine, CA
Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.
CrossCountry Mortgage
Cleveland, OH
Large national lender offering DSCR, bank statement, and non-QM mortgage products alongside conventional and government loans.
Defy Mortgage
FL
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.
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.
Griffin Funding
CA
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.
JMAC Lending
CA
DSCR loans available in select states. Min DSCR 0.75, max LTV 75%, min FICO 660-700.
Kiavi
San Francisco, CA
Technology-driven lender (formerly LendingHome). $16B+ in loans funded. DSCR rental loans and bridge loans for fix-and-flip.
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.
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.
New Silver Lending
FL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
What does the Lansing commercial real estate market look like?
Lansing's CRE market is defined by the twin anchors of Michigan's state government and Michigan State University in adjacent East Lansing. State office leasing in the Capitol complex area along Ottawa Street and Allegan Street provides a stable, if cyclical, tenant base for the downtown office market. The Stadium District redevelopment near the Lansing Lugnuts ballpark has introduced new mixed-use inventory to an otherwise slow-growth downtown. East Lansing's Grand River Avenue corridor benefits from MSU's 50,000-student population with steady retail and multifamily demand. Industrial activity is concentrated along the I-96 corridor and in the former GM-related manufacturing facilities in the Delta Township area.
Key Economic Drivers
- ●Michigan state government Capitol complex and legislative office demand
- ●Michigan State University's 50,000 students and associated research park facilities
- ●Sparrow Health System and McLaren Greater Lansing hospital campuses
- ●General Motors Lansing Delta Township and Lansing Grand River assembly plants
Market Insight
Lansing's Obsolete Property Rehabilitation Act exemptions allow owners of qualifying commercial properties to freeze the taxable value at the pre-renovation level for up to 12 years, providing significant incentive for rehabilitating the city's older downtown office and retail stock.
How do dscr loans work in Lansing, Michigan?
Debt Service Coverage Ratio (DSCR) loans let real estate investors qualify based on the property's rental income rather than personal income or employment. Ideal for investors building a portfolio without traditional income documentation. In the Lansing metro area, borrowers can access 42 lenders offering DSCR financing, including East Lansing, Okemos, Dewitt, and surrounding areas. Loan amounts typically range from $100K to $5M with rates from 7.0% - 9.5%.
Who should consider dscr loans?
- Real estate investors
- Portfolio builders
- Self-employed borrowers
- Foreign nationals
What are the key requirements?
- Minimum credit score: 620-680
- DSCR ratio ≥ 1.0
- Down payment: 20-25%
- Property must be investment (not owner-occupied)
Advantages
- ✓No personal income verification
- ✓Unlimited properties
- ✓Fast closing
- ✓LLC/entity vesting allowed
Considerations
- •Higher rates than conventional
- •Larger down payment
- •Prepayment penalties common
- •Minimum DSCR ratio required (typically 1.0-1.25)
DSCR Loans in Lansing FAQ
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