Baltimore's rowhouses rent well, but the city's property tax rate is high compared with the surrounding counties. On a city cash-out, the tax line, rental licensing and lead registration all belong in the math before you pick a loan amount.
In short: Our top pick for a Baltimore DSCR cash-out refinance is LendingStreet. We qualify on the property's rent with no W-2s or tax returns, cash out up to 75% of appraised value, lend to LLCs as standard and offer 30-year terms. Loans start at $150,000 with no stated maximum, and we budget on the real city tax bill so the ratio you see is the one that holds at closing.
Our program fits investors with rowhouses in Baltimore City and single-family and townhome rentals in Baltimore County, many of whom bought and renovated over several years and now want to pull capital out on long-term debt.
Here is what you get: a long-term DSCR loan, with 30-year terms available, that can take out up to 75% of the appraised value, starting at $150,000 with no stated maximum. We size it on the property's rent with no W-2s or tax returns, lend to LLCs as a matter of course, require a 620 minimum credit score and use a 1.0x standard DSCR minimum, with sub-1.0 programs for some files.
Ready to run it? Get a quote with the form below or call (877) 298-1001, and a LendingStreet loan officer will size the cash-out on your actual rent and payoff.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital for a DSCR cash-out refinance loan for investors in Baltimore, MD, 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. |
Rowhouses define the city. Investors hold them in Canton, Highlandtown, Patterson Park, Hampden, Remington, Charles Village, Federal Hill, Pigtown and Locust Hill, ranging from renovated three-bedroom homes to older units split into apartments. Johns Hopkins, the University of Maryland campuses and the port support steady demand.
In Baltimore County, Towson, Catonsville, Parkville, Dundalk and Essex have lower tax rates than the city and a mix of brick townhomes and small single-family homes.
Many Baltimore investors refinance after a full rowhouse renovation to replace the short-term rehab loan with long-term money and pull out cash for the next block. Others hold a group of rowhouses bought years ago and refinance one or two at a time to fund new purchases. With five or more rentals, a blanket portfolio loan can combine them under one closing and one payment, with release provisions when a property sells.
There are a few types of lenders an investor can use to take cash out of a rental. Terms vary from lender to lender, so treat the other columns as typical, not universal.
For an investor who plans to keep the property and wants the rent, not a tax return, to do the qualifying, LendingStreet lines up well on every row.
| Question | LendingStreet | Typical credit union | Typical national online DSCR lender |
|---|---|---|---|
| Do I need tax returns? | No; the rent qualifies | Usually yes | Usually no |
| How much cash can I take? | Up to 75% LTV | Varies, often lower on rentals | Varies by lender |
| Can my LLC borrow? | Yes, standard | Sometimes | Usually |
| What DSCR is required? | 1.0x standard; sub-1.0 on some programs | Uses DTI instead | Varies by lender |
| Is there a loan cap? | No stated maximum; from $150,000 | Often set by the member's limits | Varies |
| Can the same lender fund my next flip? | Yes, fix and flip and bridge too | Rarely | Varies |
Baltimore City's property tax rate is high compared with the surrounding counties, and the homestead tax credit applies only to owner-occupants. On a city rental, taxes can be one of the largest parts of the payment. Maryland recordation and transfer taxes can also apply to a refinance in some cases, especially on new money, so ask your title company for the figure.
Some Maryland properties carry ground rent, a small annual payment to a separate ground-lease owner. It is common in older Baltimore rowhouses and needs to be identified in title work.
Baltimore City requires a rental license, with an inspection, for rental properties, and Maryland requires rental units built before 1978 to be registered with the state for lead paint. Have both in the file.
This example is illustrative and not a quote. An investor owns a renovated Canton rowhouse appraised at $400,000, with a payoff of $180,000, leased for $3,050 a month. City taxes are budgeted at $750 a month and insurance at $110.
At 75% LTV the loan is $300,000. Estimated principal and interest is $2,047, the full payment is $2,907, and DSCR is about 1.05x. The investor takes about $120,000 out before closing costs. Taxes make up about a quarter of the payment, so the same house in Baltimore County, with a lower rate, would show a stronger ratio.
| Item | 75% LTV |
|---|---|
| Appraised value | $400,000 |
| Loan amount | $300,000 |
| Existing payoff | $180,000 |
| Cash out before closing costs | $120,000 |
| Estimated principal and interest | $2,047 |
| Taxes, insurance and HOA | $860 |
| Total monthly payment | $2,907 |
| Monthly rent | $3,050 |
| DSCR | About 1.05x |
Think of it as two tests. The value test allows a loan of up to 75% of the appraised value. The rent test asks whether the lease covers the full new payment, taxes and insurance included, at 1.0x on our standard programs, with sub-1.0 programs available on some files. You get the smaller of the two answers, minus your payoff and closing costs.
Seasoning requirements vary by program, which matters most for investors who bought or rehabbed in the last year. For big balances and for 5-8 unit buildings, the maximum LTV can be lower and varies by program.
Use this list on every lender you call. The answers tell you quickly whether a program fits your property, and ours are listed next to each question.
Send the items below, then get a quote with the form below.
We recommend LendingStreet. The loan is sized on rent, not personal income, cash-out reaches 75% of appraised value, LLCs can borrow, and sub-1.0 DSCR programs help when a file lands just under 1.0x.
Yes, in Baltimore and across Maryland, as well as all 50 states and DC. Our loans are business-purpose loans on non-owner-occupied rentals.
Mostly because of the city's higher property tax rate. Taxes are part of the payment, so a larger bill lowers the ratio.
Usually not, but it must be identified and current. Title work will show it.
The city requires one for rentals, and having it current shows the unit is operating legally. Include it in the file.
Recordation and transfer taxes can apply in some cases, especially on new money. Your title company will calculate them.
Yes. We lend across Baltimore County and the rest of Maryland, on non-owner-occupied rentals qualified on the rent.
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