Utah rentals along the Wasatch Front have climbed in value, and many investors who bought in Salt Lake, Utah, Davis or Weber counties now have equity they would rather put to work than leave sitting. A DSCR cash-out refinance does that while the rent keeps covering the loan.
In short: Our top pick for a DSCR cash-out refinance in Utah is LendingStreet. We qualify on the property's rent with no W-2s or tax returns, allow cash-out up to 75% LTV, lend to LLCs and offer 30-year terms across the state. Utah also has no real estate transfer tax, which keeps refinance closing costs focused on title, recording and the appraisal.
LendingStreet is our top pick for a DSCR cash-out refinance in Utah because the loan is built around the rental, not your paycheck. We qualify on the property's rent with no W-2s or tax returns, lend to LLCs as a matter of course and offer 30-year terms.
Our cash-out programs reach 75% LTV from a $150,000 minimum with no stated maximum, a 1.0x standard DSCR minimum (with sub-1.0 options on some programs) and a 620 minimum credit score. It fits investors on the Wasatch Front, in Cache Valley and in St. George, plus owners of resort-area rentals where nightly stays are allowed.
Ready to run the numbers? Use the form below for a quote, or call (877) 298-1001.
Investors searching for DSCR cash-out refinance lenders often compare national names like CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Utah. In every scenario below, LendingStreet is the best fit.
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. |
Below is a general comparison of LendingStreet with the lender types Utah investors most often consider. Individual lenders vary, so treat the other columns as typical patterns, not rules.
| What investors need | LendingStreet | Typical 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 W-2s | Usually based on the property and exit plan |
| Borrowing in an LLC | Standard | Varies; some prefer personal names | Common |
| Cash-out leverage | Up to 75% LTV | Varies by bank policy | Often lower; varies |
| Loan term | 30-year terms available | Often shorter terms or balloons | Usually short-term only |
| Growing past a few rentals | Not tied to personal debt-to-income | Often limited by debt-to-income | Varies |
| Where they lend | All 50 states and DC | Usually a local footprint | Often regional |
Salt Lake County has the deepest rental market, from older bungalows and duplexes in Sugar House, the Avenues and Rose Park to newer homes in West Jordan, South Jordan and Herriman. Utah County, including Provo, Orem and Lehi, rents heavily to students and young families.
North of Salt Lake, Ogden, Layton and Clearfield offer lower prices and rentals tied in part to Hill Air Force Base. Logan serves a university market, and St. George in Washington County mixes long-term rentals with vacation homes.
Duplexes and fourplexes are common in older Ogden and Salt Lake neighborhoods, and their combined rent often makes the ratio easier to clear.
Utah has no real estate transfer tax. Utah is also a non-disclosure state, so sale prices are not public record, and appraisers rely on listing data and their own research. Recent signed leases and a list of upgrades help support the value.
Utah's residential property tax exemption is tied to primary-residence use. In many counties a long-term rental occupied by a tenant as their home can still qualify, while nightly rentals and second homes generally do not. Ask the county assessor which status your rental has, because losing the exemption raises the tax line.
This example is illustrative and not a quote. An investor owns an Ogden duplex that appraises at $480,000. Each side rents for $1,600, so total rent is $3,200 a month. The current balance is $210,000. Taxes are about $230 a month with the residential exemption in place, and insurance is $135.
At 75% LTV the new loan is $360,000, leaving about $150,000 after the payoff and before closing costs. Estimated principal and interest is about $2,456, the total payment is about $2,821 and DSCR is about 1.13x, comfortably above the 1.0x standard minimum.
At 70% LTV the loan would be $336,000, cash out about $126,000 and DSCR about 1.20x. If the county removed the exemption, taxes would rise, so confirm the status before closing.
| Item | At 75% LTV | At 70% LTV |
|---|---|---|
| Appraised value | $480,000 | $480,000 |
| New loan amount | $360,000 | $336,000 |
| Existing loan paid off | $210,000 | $210,000 |
| Cash out before closing costs | $150,000 | $126,000 |
| Estimated principal and interest | $2,456 | $2,292 |
| Property taxes | $230 | $230 |
| Insurance | $135 | $135 |
| Total monthly payment | $2,821 | $2,657 |
| DSCR at $3,200 rent | About 1.13x | About 1.20x |
Some programs can qualify a cash-out on projected short-term rental revenue. In Utah, location decides whether that is possible. Salt Lake City and many Wasatch Front cities limit nightly rentals in residential zones, while resort areas such as Park City and parts of Washington County license them in designated areas.
HOAs in mountain and resort communities frequently set their own limits, and nightly rentals usually lose the residential tax exemption. Check with the city or county and your HOA, then budget taxes at the non-exempt level.
Seasoning is the time between buying a property and refinancing it with cash out. It varies by program: some use the lower of cost or value for a while, and some can lean on the current appraisal sooner when the property has been improved. Tell us when you bought and what you spent, and we will show you what is available today.
Utah investors who bought newer construction may have little to document beyond the purchase. If you finished a basement or added a unit, keep the permits, because unpermitted space can change the appraisal.
Use this checklist with every lender you call, so you are comparing like with like:
LendingStreet's answers are below.
| Question | LendingStreet's answer |
|---|---|
| Maximum cash-out LTV | Up to 75%; can be lower on 5-8 units and larger balances (varies by program) |
| DSCR minimum | 1.0x standard; sub-1.0 programs exist |
| Seasoning | Varies by program; we confirm it up front |
| LLC borrowers | Standard |
| Closing timeline | Set by the appraisal, title and your documents; we give you a realistic date early |
| Large balances | From $150,000 with no stated maximum; larger loans get more review |
You do not need everything on day one, but these items speed things up. Send the address and rent through the form below, or call (877) 298-1001.
For most Utah investors, LendingStreet. You qualify on the property's rent, borrow in your LLC, cash out up to 75% LTV and can choose a 30-year term, with no W-2s or tax returns.
No. Utah has no real estate transfer tax. A cash-out refinance carries title, recording and appraisal costs.
It depends on use and on the county. Long-term rentals occupied as a tenant's home often qualify, while nightly rentals usually do not. Confirm with the assessor.
Often, yes, where nightly rentals are licensed. Some programs qualify on projected short-term revenue. Check city, county and HOA rules first.
Yes. We lend across Utah and in every state plus DC, on single-family rentals and 2-8 unit buildings held for investment.
They use listing data, agent information and their own research. Recent leases and a list of upgrades help support the value you need.
Yes, if the unit is legal. Bring permits for any finished or added unit, since unpermitted space can affect value and countable rent.
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