Terms read October 24, 2026
DSCR and fix-and-flip lenders compared
9 investor lenders, side by side, on the terms each one publishes on its own website: loan size, LTV, ARV, credit score, DSCR, experience and states. Our own programs are the first row of every table, marked, so you can see where we fit and where someone else fits better.
- DSCR rental loans
- Fix and flip loans
- Ground-up construction loans
- Rental portfolio (blanket) loans
- States and borrower rules
- Lender pages
DSCR rental loans: 9 lenders plus ours
A DSCR loan is sized on the rent instead of your income. The two numbers that decide most deals are the DSCR floor (how far the rent can fall short of the payment) and the credit score that unlocks the top LTV. Published floors here run from no minimum to 1.05x, and our program sits at 1.05x.
| Lender | Loan amount | Max LTV (purchase) | Min FICO | Min DSCR | Experience | Source |
|---|---|---|---|---|---|---|
| Doors FundedOur programs, arranged by Janover Capital LLC, which is paid when they close | $75,000 to $2,000,000 | Up to 80% LTV (75% cash-out) | 660 | 1.05x | Not required | terms |
| Kiavi | $100,000 to $2,000,000 | Up to 80% LTV | 660 direct; 680 through a broker | 0.80x | Not required | [1][2] |
| Lima One Capital | $85,000 to $2,500,000 | Up to 80% LTV (75% cash-out) | 660 | 1.00x | Not required | [1][2] |
| RCN Capital | $70,000 to $1,500,000 | Up to 80% LTV (75% cash-out) | 660 | 1.00x | Not published | [1][2] |
| Visio Lending | From $75,000 (maximum not published) | Up to 85% LTV on a purchase | 680 | Not published | Not published | [1][2][3][4] |
| LendingOne | $85,000 to $2,000,000 | Up to 80% LTV (75% cash-out) | Not published | 0.75x | Not published | [1] |
| Easy Street Capital | $100,000 to $3,500,000+ | Up to 80% LTV (75% cash-out) | 640 | No minimum | Not required | [1] |
| CoreVest | $75,000 to $3,000,000+ | Up to 80% LTV | 640 (typical) | 0.80x | Not required | [1][2][3] |
| New Silver | $150,000 to $3,000,000 | Up to 80% LTV | 660 | 0.75x | Not required | [1] |
| Angel Oak Mortgage Solutions | $100,000 to $3,000,000 | Up to 85% LTV with 720+ (75% at 680) | 680 | Below 1.00x and no-ratio options | First-time homebuyers not eligible | [1] |
Conditions behind these numbers
- Doors Funded programs
- Leased units: the lower of the lease and market rent. Vacant units: 90% of market rent. Loan sized on cost: up to 80% of total cost basis. Value is used after 90 days of seasoning.
- Kiavi
- Qualifying rent is the lower of the lease and 110% of appraised market rent. 30-year fixed, 5/1 and 7/1 ARMs, interest-only options. Cash-out after 90 days of ownership or on a free-and-clear property. No prepayment penalty after year 3.
- Lima One Capital
- 1.20x or better gets Lima One's lowest rates and highest LTV. 30-year fixed, 5/1 and 10/1 ARMs, 5-year interest-only. The program detail page lists $100,000 to $2.5M and 1-4 units; the main rental page figures are shown here.
- RCN Capital
- LTV is tiered by credit score: 80% on a purchase needs 700+; 660-679 gets up to 65%. As-is value at least $115,000. 30-year fixed, 5/1, 7/1 and 10/1 ARMs, interest-only options.
- Visio Lending
- Minimum property value $150,000. No bankruptcy in the last 4 years or foreclosure in the last 3. 30-year terms with no balloon. Visio's site notes no prepayment penalty can apply in NM, OH, MD, PA and RI.
- LendingOne
- 30-year fixed, 5/1 and 10/1 ARMs. Short-term rentals considered.
- Easy Street Capital
- Rural properties capped at 65% LTV. Minimum appraised value $100,000. 30-year fixed, some 5-year hybrid ARMs, 10-year partial interest-only.
- CoreVest
- Fixed or adjustable rates. In the first 6 months of ownership, the loan is generally capped at 90% of total cost.
- New Silver
- 30-year fixed.
- Angel Oak Mortgage Solutions
- 5/6 and 7/6 ARMs, 30-year fixed, interest-only. Up to five loans with Angel Oak, more by exception. Permanent and non-permanent residents eligible.
Fix and flip loans: 7 lenders plus ours
Flip loans are capped two ways: a share of what you pay (plus rehab) and a share of the after-repair value. Whichever is lower sets the loan. Several lenders also cut both limits for borrowers with no recent flips, so check the experience column before the headline percentages.
| Lender | Loan amount | Purchase | Rehab | Max ARV | Min FICO | Experience | Term | Source |
|---|---|---|---|---|---|---|---|---|
| Doors FundedOur programs, arranged by Janover Capital LLC, which is paid when they close | $50,000 to $3,000,000 | Up to 90% of price | Up to 100% | Up to 75% of ARV | Quoted per loan | None required | 12 months; 18 months case by case | terms |
| Kiavi | $100,000 to $5,000,000 | Up to 100% of price | Up to 100% | Up to 80% of ARV | 660 direct; 680 through a broker | Not required | 12, 18 or 24 months | [1][2][3] |
| Lima One Capital | $100,000 to $5,000,000 | Up to 95% LTC | Up to 100% | Up to 75% of ARV | 660 | One exit in the last 36 months | 13, 19 or 24 months | [1][2] |
| RCN Capital | $75,000 to $2,000,000 | Up to 95% of price (100% for the top tier) | Up to 100% | Up to 75% of ARV | 650 | Not required; tiers by flips in the last 3 years | 12 to 18 months | [1][2] |
| LendingOne | $100,000 to $3,000,000 | Up to 92.5% LTC | Up to 100% | Not published | Not published | Not published | 12 to 24 months | [1] |
| Easy Street Capital | $75,000 to $5,000,000+ | Up to 93% LTC | Not published | Up to 75% of ARV | 600 | First-time flippers considered | 6 to 18 months | [1] |
| CoreVest | $75,000 to $3,000,000+ | Up to 93.5% LTC | Not published | Not published | Not published | Not required (general FAQ) | 6 to 24 months | [1][2] |
| New Silver | $100,000 to $5,000,000 | Up to 90% LTC | Up to 100% | Up to 75% of ARV | 650 | Not required | Up to 18 months | [1] |
Conditions behind these numbers
- Doors Funded programs
- Rehab funds are paid out as completed work is verified, against your line-item budget
- Kiavi
- Kiavi's bridge-loan page lists $75,000 to $5,000,000, and an FAQ on that page cites up to 95% of purchase price and $100,000 to $1,000,000; the fix-and-flip page figures are shown here. In-house valuation instead of a third-party appraisal on most deals.
- Lima One Capital
- The exit can be a flip, or a sale or refinance of an investment property you were on title for. Minimum as-is value or price of $100,000. Non-recourse available.
- RCN Capital
- 100% of price needs 10+ flips (5+ in the same state), a 720+ score and a loan of $800,000 or less ($1M in California). With no flips in the last 3 years: up to 70% of price and 60% of ARV. Minimum ARV $100,000 single family, $75,000 for 2-4 units.
- LendingOne
- The page headline says 12 months; the term table says 12-24 months standard.
- Easy Street Capital
- Single family and 2-8 units. Easy Street sets value with an in-house valuation.
- CoreVest
- 1-4 units. 5-19 unit light rehab is a separate tier at up to 80% LTC.
- New Silver
- 1-4 units, condos, townhomes. As-is value at least $100,000 and ARV at least $150,000.
Ground-up construction loans: 7 lenders plus ours
Construction terms vary more than any other product here. Look at the experience requirement first: some lenders want a prior ground-up build, some count flips or a general contractor, and some lend to first-time builders at lower limits.
| Lender | Loan amount | Max LTC | Max ARV | Min FICO | Experience | Term | Source |
|---|---|---|---|---|---|---|---|
| Doors FundedOur programs, arranged by Janover Capital LLC, which is paid when they close | $50,000 to $3,000,000 | Up to 85% of cost (90% with 3+ similar projects) | Up to 70% of completed value | Quoted per loan | 1-2 prior ground-up builds | 12 months, up to 18 (up to 24 for experienced builders) at the lender's discretion | terms |
| Kiavi | $150,000 to $10,000,000 | Up to 85% of total cost | Up to 70% of ARV | 660 direct; 680 through a broker | Not published for this product | 12, 18 or 24 months, with 3- or 6-month extensions | [1][2] |
| Lima One Capital | $100,000 to $5,000,000 | Up to 90% LTC | Up to 75% of ARV | Not published | Required: ground-up (on title or as GC) or fix-and-flip | 19 or 24 months | [1][2] |
| RCN Capital | $100,000 to $2,000,000 | Up to 90% LTC (experienced tier) | Up to 75% of ARV | 650 | Not required; tiers by projects built | 12 to 24 months | [1][2] |
| LendingOne | Up to $40,000,000 | Up to 90% LTC | Up to 70% of ARV | Not published | At least one ground-up project in the last 36 months | 12 to 24 months | [1] |
| Easy Street Capital | $75,000 to $5,000,000+ | Up to 90% LTC | Up to 75% of ARV | 680 | Not published | 9 to 24 months, with extensions | [1] |
| CoreVest | $250,000 to $7,500,000 | Not published | Not published | Not published | Not published | 12 to 24 months, with interest reserves | [1] |
| New Silver | $100,000 to $5,000,000 | Up to 90% LTC | Up to 75% of ARV | 650 | Not published | 18 months | [1] |
Conditions behind these numbers
- Doors Funded programs
- Up to 75% of the lower of land value or purchase price (60% until plans are permitted); raised to 75% by a catch-up draw once permits are approved
- Kiavi
- Single family, 2-4 units and PUDs. Permits are not required to close but are required before the first draw.
- Lima One Capital
- Vertical construction only: lots must be zoned with utilities at the lot line. An FAQ on the same page says the most experienced builders get up to 85% of blended cost (100% of construction, up to 60% of lot); the 90% LTC headline figure is shown here.
- RCN Capital
- Top terms need 10+ ground-up projects, or 5+ in the last 3 years; first-time builders get lower limits. Assumes entitlements, permits and approved plans. Minimum as-completed value $175,000.
- LendingOne
- Without recent experience, a licensed general contractor with a track record can strengthen the file.
- Easy Street Capital
- 1-10 units.
- CoreVest
- Single family, condos, townhomes and 1-4 units; single property or several.
- New Silver
- Up to 100% of construction costs. 1-4 units, condos, townhomes.
Rental portfolio (blanket) loans: 4 lenders plus ours
A blanket loan puts several rentals under one note. Fewer lenders publish terms for these, and the ones who do aim at very different sizes, from a three-property loan to $50 million and up.
| Lender | Loan amount | Max LTV | Min DSCR | Min FICO | Source |
|---|---|---|---|---|---|
| Doors FundedOur programs, arranged by Janover Capital LLC, which is paid when they close | Up to $2,000,000; each property worth at least $72,000 | Up to 80% LTV (75% cash-out) | 1.05x | 680 | terms |
| RCN Capital | $2,000,000 to $75,000,000+ | Up to 70% LTV | Not published | Not published | [1] |
| LendingOne | Up to $3,000,000 | Up to 80% LTV (75% cash-out) | 1.00x | Not published | [1] |
| Easy Street Capital | $225,000 to $5,000,000 | Up to 80% LTV (75% cash-out) | No minimum | 640 | [1] |
| CoreVest | $500,000 to $50,000,000+ | Up to 70% LTV | Not published | 680 or 720 on some portfolios | [1][2] |
Conditions behind these numbers
- Doors Funded programs
- At least 90% of units leased. 90 days to use value instead of cost basis.
- RCN Capital
- 5-, 7- and 10-year terms; 1-4 units and 5-9 unit buildings; portfolio at least 90% leased; non-recourse.
- LendingOne
- Up to 20 properties in one loan; 30-year term with a 10-year interest-only option; recourse and non-recourse options.
- Easy Street Capital
- Blanket loan of 3 or more properties, all in the same state; each property worth at least $75,000.
- CoreVest
- 5 or more properties or units. 3-, 5-, 7- or 10-year terms. Recourse or non-recourse. Yield maintenance applies; reserves for taxes, insurance and capital expenditures required.
Where each lender works, and who can borrow
State coverage decides a lot before any number does. So does the borrowing entity: every lender here makes business-purpose loans, and most want an LLC or corporation on title.
| Lender | Where it lends | Borrowing entity | Foreign nationals |
|---|---|---|---|
| Doors FundedOur programs, arranged by Janover Capital LLC | 47 states and Washington, DC. Not available in North Dakota, South Dakota or Vermont. | Business entity (LLC or corporation); full recourse | DSCR: Eligible, up to 65% LTV. Fix and flip: Eligible (some countries excluded). Construction: Eligible. |
| Kiavi | 49 states and Washington, DC. Utah is not on the published list. [src] | Business entity required in every state it lends in. [src] | Not eligible. Borrowers must be US citizens or permanent residents. [src] |
| Lima One Capital | 46 states and Washington, DC. The excluded states are not listed on the pages read. [src] | LLC or similar entity required for business-purpose rental loans. [src] | Eligible for rental, fix-and-flip and construction loans, including borrowers without a US credit score. [src][src][src] |
| RCN Capital | Most states. Not available in Alaska, Nevada, Utah, North Dakota, South Dakota or Vermont. [src] | Loans are made to a business entity. [src] | Not published |
| Visio Lending | Described as nationwide; the state map is not published as text. [src] | Optional (LLC or corporation), but required in GA, HI, IL, MA, NJ, NY, PA and VA. [src] | Not published |
| LendingOne | Every state except Alaska, Nevada, North Dakota and South Dakota. [src] | Required: LLC, limited or general partnership, corporation or revocable trust. [src] | Not published |
| Easy Street Capital | Rental loans in every state except North Dakota and South Dakota, rural included. Flip and construction loans are not offered in Louisiana, Minnesota, North Dakota, South Dakota or some metros, including Baltimore, Chicago and Detroit. [src][src][src] | LLC recommended; borrowing as an individual is allowed in most states. Owners above 25% sign a full guaranty. [src] | Resident aliens eligible. Foreign nationals living abroad are eligible when the borrowing LLC is at least 50% owned by US citizens or green card holders. [src] |
| CoreVest | Nationwide except Nevada, Idaho, North Dakota and South Dakota. [src] | A special purpose entity (usually an LLC) is required on some programs; construction borrowers can be an LLC, corporation or LP. [src][src] | Not published |
| New Silver | 41 states and Washington, DC (Alabama for DSCR only), per New Silver's February 2026 list. [src] | DSCR loans can be made to LLCs and corporations; whether an entity is required is not published. [src] | Fix-and-flip and ground-up loans require a US citizen or legal resident. Not published for DSCR. [src][src] |
| Angel Oak Mortgage Solutions | Not published as a list. | Optional: title can vest in an LLC, S corp, C corp or revocable trust. [src] | A separate foreign national DSCR program: $100,000 to $1,500,000, 1.00x DSCR, borrower must live outside the US, US LLC allowed. [src] |
Lender pages and head-to-heads
Each page shows one lender's full published terms, who they suit, and how our programs differ.
Kiavi
Investor-only lender based in Pittsburgh, operating since 2013 (formerly LendingHome). Figure Technology Solutions completed its acquisition of Kiavi on September 1, 2026; Figure's 8-K says Kiavi, Inc. survived the merger as a wholly owned Figure subsidiary.
Lima One Capital
Investor lender with offices in Greenville, South Carolina and Irvine, California, offering rental, fix-and-flip, construction and multifamily loans.
RCN Capital
Investor lender offering fix-and-flip, bridge, rental, construction, portfolio and 5+ unit loans, with published tiers by experience and credit score.
Visio Lending
Austin-based lender, founded in 2012, that makes DSCR loans only, on long-term and short-term rentals.
LendingOne
Investor lender offering DSCR, fix-and-flip, construction, fix-to-rent and SFR portfolio loans.
Easy Street Capital
Investor lender with three programs: EasyRent (DSCR), EasyFix (fix and flip) and EasyBuild (construction).
CoreVest
Investor lender and a subsidiary of Redwood Trust, Inc., known for larger rental portfolio loans as well as single-property DSCR and bridge loans.
New Silver
Direct private lender with online term sheets for fix-and-flip, ground-up and DSCR loans.
Angel Oak Mortgage Solutions
Non-QM mortgage lender. Its DSCR program page is written for mortgage originators and says business-purpose loans are offered through approved clients, so most investors reach it through a broker or loan officer.
How we compared
Each figure was read from the lender's own public website on the accessed date shown with its source. Where a lender's pages disagree with each other, both figures are kept in the notes. Where a lender does not publish a term, the cell says 'Not published'. Rates are left out on purpose: they move daily and every lender prices per deal.
We compared four products that 1-4 unit investors use most: 30-year DSCR rental loans, fix and flip loans, ground-up construction loans and rental portfolio loans. For each we recorded loan size, the top loan-to-value or loan-to-cost, the ARV cap, the minimum credit score, the minimum DSCR, the experience rule, the term, the states served, the entity rule and whether foreign nationals can borrow. Where a lender publishes tiers, the table shows its top tier and the notes show what it takes to get there.
The lenders were chosen because they are among the most searched-for names in investor lending and publish enough terms to compare. We do not score or rank them, and nothing here says one is "best": the right lender depends on your deal, your credit and your state. Our own program figures come from our lending partner's published terms, read October 24, 2026, and sit in the first row of each table so you can see the trade-offs plainly.
Terms change, sometimes weekly, and every lender prices and approves deal by deal. A published maximum is the best case, not a quote. The term sheet you receive from a lender is what controls. If you see a figure here that has changed, email desk@janover.co with the link and we will check and correct it, with the date.
Sources
- Kiavi: DSCR loans. Read October 24, 2026.
- Kiavi: fix-and-flip loans. Read October 24, 2026.
- Kiavi: new construction loans. Read October 24, 2026.
- Kiavi: states Kiavi lends in. Read October 24, 2026.
- Kiavi: company and product summary (llms.txt, published by Kiavi). Read October 24, 2026.
- Kiavi: FAQs. Read October 24, 2026.
- Figure: 'Figure Completes Acquisition of Kiavi' (GlobeNewswire, Sept. 1, 2026). Read October 24, 2026.
- SEC EDGAR: Figure Technology Solutions Form 8-K, Item 2.01, filed Sept. 1, 2026. Read October 24, 2026.
- Kiavi: bridge loans. Read October 24, 2026.
- Lima One: rental loans. Read October 24, 2026.
- Lima One: rental loan detail. Read October 24, 2026.
- Lima One: fix and flip loans. Read October 24, 2026.
- Lima One: fix and flip detail. Read October 24, 2026.
- Lima One: new construction loans. Read October 24, 2026.
- Lima One: new construction detail. Read October 24, 2026.
- Lima One: rental portfolio loans. Read October 24, 2026.
- RCN Capital: loan programs. Read October 24, 2026.
- RCN Capital: FAQs. Read October 24, 2026.
- Visio Lending: home page (state notes). Read October 24, 2026.
- Visio Lending: 85% LTV purchase loans. Read October 24, 2026.
- Visio Lending: long-term rental guide. Read October 24, 2026.
- Visio Lending: DSCR loans. Read October 24, 2026.
- LendingOne: DSCR rental loans. Read October 24, 2026.
- LendingOne: fix and flip loans. Read October 24, 2026.
- LendingOne: new construction loans. Read October 24, 2026.
- LendingOne: SFR portfolio loans. Read October 24, 2026.
- LendingOne: FAQs. Read October 24, 2026.
- Easy Street Capital: EasyRent DSCR loans. Read October 24, 2026.
- Easy Street Capital: EasyFix fix and flip loans. Read October 24, 2026.
- Easy Street Capital: EasyBuild construction loans. Read October 24, 2026.
- CoreVest: 30-year DSCR loans. Read October 24, 2026.
- CoreVest: fix and flip loans. Read October 24, 2026.
- CoreVest: ground-up construction loans. Read October 24, 2026.
- CoreVest: rental portfolio loans. Read October 24, 2026.
- CoreVest: FAQs. Read October 24, 2026.
- New Silver: DSCR loans. Read October 24, 2026.
- New Silver: fix and flip loans. Read October 24, 2026.
- New Silver: construction loans. Read October 24, 2026.
- New Silver: company and product summary (llms.txt, last updated Feb. 6, 2026). Read October 24, 2026.
- Angel Oak Mortgage Solutions: DSCR (investor cash flow) program. Read October 24, 2026.
- Angel Oak Mortgage Solutions: foreign national program. Read October 24, 2026.
Questions people ask
Which lender is best for a DSCR loan?
There is no single answer, and we do not rank lenders. Look at three things against your deal: the DSCR floor (published floors here run from none to 1.05x), the credit score needed for the LTV you want, and whether the lender works in your state. A rental that covers the payment 1.25x with a 720 score fits almost every program in the table; one at 0.90x with a 660 score fits only a few.
Can I get a fix and flip loan with no experience?
Yes, from several lenders here. Kiavi, New Silver and RCN Capital publish no experience minimum, though RCN lowers its limits to 70% of price and 60% of ARV for borrowers with no flips in the last 3 years. Lima One requires one investment-property exit in the last 36 months.
Who owns Kiavi now?
Figure Technology Solutions completed its acquisition of Kiavi on September 1, 2026, according to Figure's 8-K filed with the SEC that day. Kiavi's website and loan programs still carry the Kiavi name.
Why does a lender show "Not published"?
Because we could not find that term on the lender's own website on the date we checked. It does not mean the lender has no rule; it means the rule is quoted per deal. Ask for it before you pay for an appraisal.
Want to know which of these fits your deal?
Send the numbers. We check them against our programs and tell you plainly whether the deal fits.