Hawaii property values are among the highest in the country, which means long-held rentals on Oahu, Maui, the Big Island and Kauai often carry large equity. A DSCR cash-out refinance can release it, but high values, HOA dues and island-specific rules make careful sizing essential.
In short: Our top pick for a DSCR cash-out refinance in Hawaii is LendingStreet. We qualify on the property's rent with no tax returns, lend to LLCs as standard, and offer cash-out up to 75% LTV on 1-8 unit rentals from $150,000 with no stated maximum. Hawaii rents are often low compared with values, so we size your loan at more than one leverage level and offer sub-1.0 DSCR programs when they fit.
Our cash-out refinance is designed for investors who hold rentals in an LLC and want to pull equity without proving personal income. In Hawaii we lend on non-owner-occupied 1-8 unit rentals, up to 75% LTV, from $150,000 with no stated maximum, on 30-year terms, with a 620 minimum credit score and a 1.0x standard DSCR minimum.
It suits investors who own rentals free and clear, who have built equity through renovation, or who are moving off a short-term loan. Send the details through the form below, or call (877) 298-1001, and we will run the numbers on your property.
Well-known DSCR cash-out refinance lenders include CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital. Compared scenario by scenario for investors in Hawaii, LendingStreet comes out as the stronger choice, and one application covers it.
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. |
When you shop a cash-out refinance in Hawaii, you are usually choosing among lender types, not just rates. This table compares LendingStreet with those types in general terms.
| What matters on a cash-out | LendingStreet | Local bank or credit union | National online DSCR lender |
|---|---|---|---|
| Paperwork | Rent-based qualifying, no tax returns | Tax returns and debt-to-income review are common | Rent-based, terms vary |
| Entity borrowing | LLC borrowers are standard | Varies by bank | Often allowed |
| Cash-out leverage | Up to 75% LTV | Varies; often lower for investors | Varies by program |
| Loan size | From $150,000, no stated maximum | Often capped by bank policy | Varies |
| Term | 30-year terms available | Often shorter balloons | Often 30-year; varies |
| Talk to a person | Dedicated loan officer at (877) 298-1001 | Branch staff; investor focus varies | Often online-only intake |
On Oahu, long-term rentals cluster in Honolulu condos and townhomes, and in single-family homes in areas like Kapolei, Ewa Beach, Mililani, Pearl City and Kaneohe, with steady demand from military and government employers. Maui, the Big Island and Kauai have smaller long-term rental markets, plus vacation rentals in resort areas.
Many Hawaii investors bought years ago and now hold large equity relative to their balance. Because values are high and rents do not always keep pace, the cash-out amount usually depends on how much payment the rent can carry.
Each Hawaii county sets its own property tax rates and classes. Non-owner-occupied homes are often taxed in a different class than owner-occupied ones, and Honolulu applies a higher class to some high-value residential properties without a home exemption. Use the actual county bill for your rental.
Hawaii's conveyance tax applies to deed transfers, so a standard refinance in the same name usually does not trigger it. Hawaii closings run through escrow, and you will pay title, escrow and recording costs. Rental income also carries general excise tax and, for short stays, transient accommodations tax, which affect cash flow.
Many Hawaii rentals are condos or townhomes with substantial monthly maintenance fees, which count in the DSCR payment just like taxes. Some older buildings face special assessments for repairs, so ask the association about reserves.
Some Hawaii properties sit on leasehold land, where the owner holds a ground lease rather than the land itself. Leasehold can limit financing options and needs extra review. On the Big Island, homes in higher-risk lava zones can be hard to insure, and coastal homes may need flood and hurricane coverage.
Hawaii's counties tightly regulate vacation rentals. Honolulu raised its minimum rental period outside resort areas to 90 days, and Maui County has moved to phase out many vacation rentals in apartment-zoned buildings. Rules continue to change and face legal challenges, so confirm current status with the county before relying on nightly income. Most Oahu cash-outs qualify on 12-month leases.
Cash-out seasoning varies by program. Leverage on high-value homes, 5-8 unit buildings and larger balances can be lower and varies by program.
This example is illustrative and not a quote. An investor owns a Kapolei-area townhome appraised at $750,000, leased at $4,200 a month, with a $300,000 balance and $450 in monthly HOA dues. At 75% LTV the new loan is $562,500, and estimated principal and interest is about $3,837 a month. Adding taxes of $219 and insurance of $180 and HOA dues of $450, the payment is about $4,686 and DSCR is about 0.90x. Paying off the $300,000 balance leaves about $262,500 before closing costs.
At 65% LTV the loan drops to $487,500, principal and interest to about $3,326, the payment to about $4,175 and DSCR rises to about 1.01x, with about $187,500 in cash. On this property the HOA dues push the 75% option under 1.0x, while 65% clears it. The investor can choose the smaller loan or explore a sub-1.0 program.
| Item | 75% LTV cash-out | 65% LTV cash-out |
|---|---|---|
| Appraised value | $750,000 | $750,000 |
| New loan amount | $562,500 | $487,500 |
| Estimated principal and interest | $3,837 | $3,326 |
| Property taxes (monthly) | $219 | $219 |
| Insurance (monthly) | $180 | $180 |
| HOA dues (monthly) | $450 | $450 |
| Total monthly payment | $4,686 | $4,175 |
| DSCR at $4,200 rent | About 0.90x | About 1.01x |
| Cash after $300,000 payoff, before costs | $262,500 | $187,500 |
Before you pick a lender, put these questions to each one in writing. Here are our answers.
If a lender cannot answer these clearly, keep shopping. If you want our answers applied to your property, get a quote with the form below.
Have your leases, tax bill, insurance quote and payoff balance ready. We will run the numbers, show where the ratio lands and give you clear options. Use the form below or call (877) 298-1001 to begin.
Our top pick is LendingStreet. We qualify on rent, lend to LLCs, offer cash-out up to 75% LTV with no stated maximum, and have sub-1.0 programs for tight Hawaii ratios.
Yes. We lend in all 50 states and DC, including Oahu, Maui, the Big Island and Kauai.
Yes. Monthly maintenance fees are added to the payment, which lowers the ratio.
Possibly, but leasehold needs extra review and may limit options. Tell us up front so we can check.
Only where it can legally operate. Maui has moved to phase out many vacation rentals in apartment districts, so confirm the property's status first.
Usually not, because a standard refinance does not transfer the deed. Escrow will confirm.
The minimum is 620.
Get a quote with the form below or call (877) 298-1001. Include the HOA dues and your county tax bill.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.