Maryland cash-out refinances have a few wrinkles most states do not: county recordation tax on new money, ground rent on some Baltimore rowhouses, and strict lead rules for older rentals.
In short: Our top pick for a Maryland DSCR cash-out refinance is LendingStreet. We qualify on the property's rent with no tax returns, offer cash-out up to 75% LTV with 30-year terms available, and lend to LLCs as standard. Loans start at $150,000 with no stated maximum. We lend statewide, from Baltimore City rowhouses to Montgomery and Prince George's counties, Annapolis, Frederick and the Eastern Shore.
LendingStreet makes business-purpose DSCR cash-out loans on 1 to 8 unit Maryland rentals. We work through the Maryland details, such as recordation tax, ground rent and lead registration, as part of the file instead of leaving them as surprises at closing.
It suits landlords with paid-off or low-balance rentals, investors refinancing out of short-term debt, and LLC owners who want a long-term loan sized on rent. Start with the form below or call (877) 298-1001 to talk through a property.
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 Maryland, 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. |
The table below compares LendingStreet with the typical Maryland bank and the typical hard money lender on the questions that matter for pulling equity from a rental.
None of this makes other lenders bad; they are built for different jobs. A DSCR cash-out from LendingStreet is built for the specific job of turning rental equity into long-term, rent-qualified financing.
| What investors need | LendingStreet | Typical bank or credit union | Typical hard money lender |
|---|---|---|---|
| Qualify on rent instead of tax returns | Yes, DSCR-based | Usually requires tax returns and debt ratios | Often asset-based; varies |
| Cash-out leverage | Up to 75% LTV | Varies; often conservative on rentals | Varies; usually short-term |
| Borrow in an LLC | Standard | Sometimes, often with extra steps | Common |
| Loan term | 30-year terms available | Often shorter terms or balloons | Usually 6 to 24 months |
| Loan size | From $150,000, no stated maximum | Often capped by local policy | Varies by lender |
| Coverage | All of Maryland, plus 49 other states and DC | Usually its local market | Usually local or regional |
Baltimore City's rowhouses are the backbone of the state's investor market, with lower prices than the surrounding counties. Baltimore County suburbs such as Towson, Catonsville and Dundalk offer more single-family and duplex rentals.
Montgomery and Prince George's counties draw tenants who work in and around Washington, DC, at higher price levels. Anne Arundel County and Annapolis, Frederick, Hagerstown and Salisbury each have their own rental demand, and Ocean City is a seasonal market.
Maryland counties charge recordation tax on deeds of trust. On a refinance, the portion that pays off an existing loan may be exempt in some cases, while new cash-out money is generally taxed. Rates vary by county, so ask your title company for the figure.
Baltimore City's property tax rate is notably higher than the surrounding counties, and the homestead tax credit applies only to owner-occupants. Some Baltimore rowhouses are also subject to ground rent, a small annual payment to a separate owner of the land, which title work must address.
Maryland requires rental units built before 1978 to be registered with the state and meet lead risk reduction standards. Baltimore City requires a rental license with an inspection, and Montgomery County also licenses rentals and adopted rent stabilization in 2023, which limits annual increases on many units.
Low-lying areas along the Chesapeake Bay and its rivers can fall in mapped flood zones. Have your lead certificates, license and insurance quote ready before you apply; confirm local rules with the county.
This example is illustrative and not a quote. An investor owns a renovated Baltimore City rowhouse appraised at $240,000, with $90,000 left on the existing loan. It rents for $2,000 a month. City taxes are about $450 a month and insurance is about $120. Estimated closing costs include recordation tax on the new money.
At 75% LTV the new loan is $180,000. After the $90,000 payoff and an estimated $7,000 in closing costs, about $83,000 comes back to the investor. Estimated principal and interest is about $1,198, so the full monthly payment is about $1,768 and DSCR is about 1.13x.
At 70% LTV the loan is $168,000, cash back is about $71,000, estimated principal and interest is about $1,118 and DSCR rises to about 1.18x. The city tax bill is nearly four times the insurance here, which is typical of Baltimore and worth checking before you set your loan target.
| Item | 75% LTV cash-out | 70% LTV cash-out |
|---|---|---|
| New loan amount | $180,000 | $168,000 |
| Existing loan payoff | $90,000 | $90,000 |
| Estimated closing costs | $7,000 | $7,000 |
| Approximate cash back | $83,000 | $71,000 |
| Estimated principal and interest | $1,198 | $1,118 |
| Taxes and insurance | $570 | $570 |
| Total monthly payment | $1,768 | $1,688 |
| DSCR at $2,000 rent | About 1.13x | About 1.18x |
Seasoning varies by program. Some investors can use the current appraised value soon after a renovation, while others need a longer ownership period; see our DSCR cash-out refinance seasoning page before you plan the timing.
After seasoning, LTV and DSCR decide the size of the check. Cash-out goes up to 75% LTV, and the property's rent has to clear the 1.0x standard minimum at the new payment. If the ratio comes in just short, sub-1.0 DSCR programs can sometimes help, and limits on larger balances vary by program.
Use this checklist on every call. A lender built for investors should be able to answer each question clearly and quickly.
And LendingStreet's answers, in order: up to 75% LTV, sometimes less on large balances; 1.0x standard minimum with sub-1.0 options; program-based seasoning; LLCs welcome; an up-front timeline built around appraisal, title and the payoff letter; and a $150,000 minimum with no stated maximum.
Send what you have; the list below is what a full file usually includes. The form below or a call to (877) 298-1001 starts the process.
LendingStreet is our top pick for Maryland investors: rent-based qualifying, up to 75% LTV cash-out, LLC borrowing and sub-1.0 DSCR options for thinner ratios. Call (877) 298-1001 to start.
Yes. LendingStreet finances investment rentals throughout Maryland and in all 50 states and DC.
Yes. LLC borrowers are standard on our DSCR programs, and you will typically also sign for the loan personally.
Usually on the new money. The portion that pays off your existing loan may be exempt in some cases. Rates vary by county, so ask your title company.
It is a small annual payment owed to a separate owner of the land under some rowhouses. It does not stop a refinance, but title work must address it.
Pre-1978 rentals must be registered and meet lead risk reduction standards. Keep the certificates current and in your file.
Yes. We size the loan on current rents, so plan on the increases the county allows rather than market jumps.
No. These are business-purpose investor loans on non-owner-occupied property only.
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