Flint-area rentals can produce strong cash flow, but two Michigan rules catch new investors off guard: taxable value uncaps when a property sells, and rentals lose the principal residence exemption. Both raise the tax line in your DSCR.
In short: LendingStreet is our top pick for DSCR loans in Flint and Genesee County. You qualify on the property rent, with no W-2s or tax returns, and LLC borrowers are standard. Purchases go up to 80% LTV, cash-out refinances up to 75%, and 30-year terms are available. Loans start at $150,000, so many investors use them on suburban homes in Grand Blanc, Fenton and Davison, on 2-4 unit buildings, or on blanket loans that combine several Flint houses.
LendingStreet finances long-term rental loans for investors, from single-family homes to 8 units. Around Flint we see homes in Grand Blanc, Flint Township, Burton, Davison, Fenton and Swartz Creek, and portfolios of lower-priced houses in the city.
It fits investors who want a 30-year loan instead of a short-term note, who own through an LLC, or who have outgrown bank debt ratios. Get a quote with the form below or call (877) 298-1001.
Send the address, the price or current value, the rent and the leverage you want. We will run the ratio on real tax and insurance figures and show you the options before you commit.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital for a DSCR loan for investors in Flint, MI, 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. |
Most Flint investors end up choosing between three kinds of lenders. Here is how they compare on the items that decide a rental loan. The bank and hard money columns describe typical patterns, and any single lender can differ.
| What investors need | LendingStreet | Typical local bank or credit union | Typical local hard money lender |
|---|---|---|---|
| How you qualify | On the property rent; no W-2s or tax returns | Usually personal income, tax returns and debt ratios | Mostly the deal and the exit plan |
| Loan term | 30-year terms available | Often shorter terms or balloons on investor loans; varies | Usually short-term only |
| Purchase leverage | Up to 80% LTV | Varies; investor loans often need more down | Varies; fees and terms vary |
| Cash-out refinance | Up to 75% LTV; seasoning varies by program | Varies by institution | Not a long-term option |
| Borrowing in an LLC | Standard | Sometimes, often with extra steps | Common |
| Where you can buy | All 50 states and DC | Often limited to its local footprint | Often local or regional |
| Growing past a few rentals | Each loan qualifies on its own rent; blanket loans for 5+ properties | Personal debt ratios can limit you | Each deal is short-term and separate |
Grand Blanc and Fenton to the south have higher prices, newer homes and strong schools, which bring longer tenancies. Flint Township, Burton and Swartz Creek offer mid-priced ranch homes close to shopping and highway access.
Inside the city, neighborhoods near the University of Michigan-Flint, Kettering University and the College Cultural area have older homes and some small multi-unit buildings. Many city homes sell below $150,000, so investors often group them.
Michigan caps how fast taxable value can rise each year while you own a property, but the cap resets when it sells. The year after you buy, taxable value uncaps to the state equalized value, which is half of market value. Rentals also lose the principal residence exemption, so they pay additional school operating millage.
Together that means your bill can be far higher than the seller's. Budget from the local assessor's non-homestead millage rate. Michigan also charges state and county transfer taxes, usually paid by the seller. Insurance is moderate, and older homes may need updates to be insurable at a good price.
The City of Flint runs a rental inspection program, and rental units need to be registered and pass inspection. Budget time and repair money for it before you close. Townships in the county have their own rules, so check with the one where the property sits.
Ask about the property's water service line status, since the city has run a large service line replacement program. Short-term rentals are uncommon here, and zoning decides where they are allowed.
This example is illustrative and not a quote. An investor owns a Grand Blanc Township home free and clear. It appraises at $225,000 and leases for $1,850 a month. Taxes at the non-homestead rate are $330 a month and insurance is $105.
A 75% LTV cash-out produces a $168,750 loan, and the DSCR is about 1.18x. If the investor had bought the home last year, the tax line would reflect the uncapped value, which is why this example uses the full non-homestead figure.
| Item | Cash-out at 75% LTV |
|---|---|
| Loan amount | $168,750 |
| Monthly rent used | $1,850 |
| Estimated principal and interest | $1,137 |
| Property taxes | $330 |
| Insurance | $105 |
| Total monthly payment | $1,572 |
| DSCR | About 1.18x |
Investors buy suburban homes at up to 80% LTV and qualify on the lease. Those who bought city houses with cash and renovated them can combine five or more into a blanket portfolio loan, which also gets around the small-balance issue.
Cash-out refinances go up to 75% LTV, with seasoning that varies by program, and rate-and-term refinances up to 80% on some programs replace short-term or balloon debt with a 30-year term.
Out-of-state buyers are common in Genesee County. Because the loan qualifies on the lease, you do not need a Michigan job or tax returns, but you do need a local manager who can handle inspections and turnovers.
Older Flint-area homes often need work before they pass a rental inspection or qualify for good insurance pricing. Common items include roofs, furnaces, electrical panels and windows. Budget for them up front, along with the time it takes to schedule the inspection.
For taxes, ask the assessor for the non-homestead millage and estimate taxable value at half of your purchase price for the year after closing. That gives you a realistic tax line. Then test the deal on the DSCR calculator, and get a quote with the form below.
Before you pick any lender, ask each one the same questions so the answers line up side by side. The table after the list shows how LendingStreet answers each one. To see your own numbers, get a quote with the form below.
| Question | How LendingStreet answers |
|---|---|
| What is the max LTV on a purchase, a rate-and-term refinance and a cash-out? | Up to 80% on purchases, up to 80% on some rate-and-term programs, up to 75% on cash-out |
| What DSCR minimum applies, and is there a program below 1.0x? | 1.0x standard minimum; sub-1.0 programs exist |
| How long must I own the property before a cash-out (seasoning)? | Varies by program |
| Can I borrow in my LLC? | Yes; LLC borrowers are standard |
| What drives the closing timeline? | Mostly the appraisal, title work and how complete your file is |
| Are there limits on small or large loan balances? | From $150,000 with no stated maximum; larger balances get more review |
Our top pick is LendingStreet: you qualify on rent, LLCs are standard, purchases go to 80% LTV, cash-out to 75%, and blanket loans can combine five or more rentals.
Yes. We lend in Flint, across Genesee County, and in all 50 states and DC.
Use the non-homestead millage rate on a taxable value near half your purchase price, since taxable value uncaps after a sale.
Taxable value uncaps on sale, and rentals lose the principal residence exemption. Budget on the non-homestead rate.
The city requires rental registration and inspection. Townships set their own rules.
Not on its own, since DSCR loans start at $150,000. A blanket loan with other properties can work.
Yes. Once the property is leased, a rate-and-term DSCR refinance is a common exit.
Yes. 2-4 unit rentals qualify on the combined rent of all units.
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