A DSCR cash-out refinance turns the equity in a rental into cash for your next deal, qualified on the property's rent instead of your personal income. The lender you pick decides how much you can pull, how long you must wait and how much paperwork it takes.
In short: Our top pick for a DSCR cash-out refinance is LendingStreet. We lend up to 75% LTV on a cash-out, qualify the loan on the property's rent with no W-2s or tax returns, and close in an LLC as standard. Loans start at $150,000 with no stated maximum, 30-year terms are available, and we lend in all 50 states and DC. When the rent runs a little short of 1.0x, sub-1.0 programs give you another route.
LendingStreet is built for investors who own rentals and want to put their equity back to work. A DSCR cash-out refinance replaces your current loan with a new, larger one and pays you the difference, based on what the property earns.
It fits investors who are self-employed, who write off a lot on their tax returns, who hold rentals in an LLC, or who simply want to grow without proving personal income on every loan. The next step is simple: get a quote with the form below or call (877) 298-1001.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital for a DSCR cash-out refinance loan, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Rental loan above $2M | LendingStreet | Our DSCR loans have no stated maximum. LendingOne states DSCR loans up to $2,000,000 and RCN Capital states long-term rental loans up to $1.5M. |
| Credit score in the 620s | LendingStreet | Our DSCR minimum is 620. RCN Capital and New Silver state 660 minimums, and Dominion Financial states 680, with exceptions to 660. |
| 5-8 unit building | LendingStreet | We treat 1-8 units as residential DSCR. Lima One and CoreVest state 1-4 unit eligibility for their rental loans. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Investors usually weigh a few types of lenders for a rental cash-out: a local bank or credit union, a hard money or private lender, and national online DSCR lenders. Each has a place. Here is how LendingStreet lines up on the terms that matter most for pulling equity.
| What investors need | LendingStreet | Typical bank or credit union | Typical hard money lender |
|---|---|---|---|
| How you qualify | On the property's rent; no W-2s or tax returns | Often requires tax returns and personal income | Mostly on the asset and the exit |
| Maximum cash-out leverage | Up to 75% LTV | Varies; often conservative on rentals | Varies; usually short-term loans |
| Loan term | 30-year terms available | Varies; some use shorter terms | Usually short-term only |
| Borrowing in an LLC | Standard | Varies by institution | Common |
| Minimum ratio | 1.0x standard; sub-1.0 programs exist | Usually debt-to-income instead | Not usually ratio-based |
| Where they lend | All 50 states and DC | Usually local or regional | Often local |
| Investor-only focus | Yes; business-purpose loans on non-owner-occupied rentals | Mixed consumer and business lending | Mostly short-term investor loans |
Two tests set your loan amount. The first is leverage: the new loan cannot exceed the program's maximum LTV on the appraised value, up to 75% on a cash-out. The second is coverage: the monthly rent divided by the new full payment (principal, interest, taxes, insurance and any HOA dues) has to meet the minimum DSCR, usually 1.0x.
Whichever test produces the smaller loan wins. In high-price, lower-rent markets, coverage often limits the loan before leverage does. In affordable markets with strong rents, you can usually reach the full LTV.
This example is illustrative and not a quote. An investor owns a single-family rental that appraises at $400,000 and rents for $3,100 a month. The current loan balance is $180,000. Taxes run $350 a month and insurance $150.
At 75% LTV the new loan is $300,000, which pays off the old loan and leaves about $120,000 before closing costs. Estimated principal and interest is about $2,098, the full payment is about $2,598, and DSCR is about 1.19x. At 70% LTV the cash is about $100,000 and DSCR improves to about 1.26x.
| Item | 75% LTV | 70% LTV |
|---|---|---|
| Appraised value | $400,000 | $400,000 |
| New loan amount | $300,000 (75% LTV) | $280,000 (70% LTV) |
| Existing loan payoff | $180,000 | $180,000 |
| Cash out before closing costs | $120,000 | $100,000 |
| Estimated principal and interest | $2,098 | $1,958 |
| Property taxes (monthly) | $350 | $350 |
| Insurance (monthly) | $150 | $150 |
| Total monthly payment | $2,598 | $2,458 |
| DSCR at $3,100 rent | About 1.19x | About 1.26x |
Most cash-out programs want you to have owned the property for a period before they lend on the new appraised value. The required time varies by program, and some measure from the purchase date while others look at time on title. Our seasoning guide explains the common rules.
Other limits: 5-8 unit properties and larger balances can carry a lower maximum LTV, which varies by program. Vacant units, short leases and heavy deferred maintenance can affect the appraisal or the rent used. If you own five or more rentals, a blanket portfolio loan can refinance them together.
The DSCR formula is the same everywhere, but the inputs are local. Property taxes vary widely by state and county, and investors usually pay the full rate with no homestead exemption. Insurance swings with hurricane, hail, wildfire and flood exposure. Some states and cities cap rent increases, which affects the rent you can count.
That is why we built state guides. Each one covers local taxes, insurance, closing costs and the markets where investors are refinancing. Pick your state from the links below, and confirm local details with your title company and insurance agent.
Before you sign with anyone, ask every lender the same short list of questions. The answers tell you more than any advertisement.
Here are our answers to the same checklist, so you can compare them directly with any other offer you receive.
Send the property address, your estimated value, the current loan balance, the monthly rent and how much cash you want. The team will run the ratio at a few loan amounts and show you the options that fit, including sub-1.0 programs if needed.
When you are ready, use the form below to request a quote or call (877) 298-1001 to talk with the financing team. Residential means 1-8 units; for 9 or more units, see our commercial page.
Our top pick is LendingStreet: cash-out up to 75% LTV, approval based on the property's rent with no tax returns, LLC borrowers as standard, 30-year terms and lending in all 50 states and DC.
Yes. LendingStreet offers DSCR cash-out refinances on 1-8 unit investment properties in all 50 states and DC.
Up to 75% of the appraised value, minus your existing loan payoff and closing costs. The rent must also cover the new payment at the program's minimum DSCR, and LTV can be lower on 5-8 units or large balances.
No. The loan qualifies on the property's rent. You will still need a 620 minimum credit score, the lease or a rent estimate, and the property's tax and insurance figures.
Seasoning varies by program. Our cash-out seasoning guide covers the common timelines and how ownership is measured.
You can lower the loan amount to raise the ratio, or ask about sub-1.0 DSCR programs, which exist for properties that do not quite cover the payment.
Yes. Many investors use cash-out proceeds for the down payment on the next property, a rehab or paying off a short-term bridge loan.
No. These are business-purpose loans on non-owner-occupied rentals. A home you live in is not eligible.
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