DSCR Loans in Providence, RI
Find lenders offering dscr loans in the Providence, including Warwick, Cranston, Pawtucket, and surrounding areas. Compare rates, terms, and programs from 42 lenders.
DSCR Lenders Serving Providence
42 lenders offering dscr loans in the Providence, RI area.
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.
North American Savings Bank
Kansas City, MO
Offers 11 types of non-QM loans including bank statement, asset depletion, DSCR, and bridge. 100,000+ mortgages closed since 2010, $30B+ loaned.
RCN Capital
South Windsor, CT
Nationwide private lender for fix-and-flip, bridge, and rental loans. Fast closings and flexible terms.
Providence Commercial Real Estate Market
Providence's CRE market benefits from a strategic location between Boston and New York, a concentration of prestigious universities, and a revitalized downtown anchored by the Providence Place mall and the Capital Center development district. The Knowledge District around the former I-195 relocation land has created new parcels for life sciences, technology, and institutional development, with Brown University, Johnson & Wales, and the Rhode Island School of Design generating a robust innovation economy. The Jewelry District, once the heart of American costume jewelry manufacturing, is being transformed into a mixed-use innovation hub with medical office, biotech, and residential components. Industrial demand concentrates along the Route 6 and I-295 corridors in Warwick and Cranston, where proximity to T.F. Green Airport and the Port of Providence supports logistics operations.
Key Economic Drivers
- ●Brown University, RISD, and Johnson & Wales University anchoring an eds-and-meds innovation economy
- ●I-195 Redevelopment District creating 19 acres of prime development parcels in the Knowledge District
- ●Lifespan and Care New England hospital systems driving medical office and lab space demand
- ●T.F. Green Airport and Port of Providence supporting logistics and distribution in the Warwick corridor
Market Insight
The I-195 Redevelopment District — created by relocating an elevated highway — has opened 19 acres of developable land in downtown Providence, representing one of the most significant urban infill opportunities in New England for institutional, life sciences, and mixed-use CRE projects.
DSCR Loans in Providence, Rhode Island
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 Providence metro area, borrowers can access 42 lenders offering DSCR financing, including Warwick, Cranston, Pawtucket, 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
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)
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