Lansing pairs a state capital with a Big Ten university next door. State workers, Michigan State students and staff, and a manufacturing workforce create rental demand across older city bungalows and suburban homes.
In short: LendingStreet is our top pick for Lansing DSCR loans. We qualify on the property's rent, not your tax returns, and LLC borrowers are standard. Purchases go up to 80% LTV and cash-out up to 75%, which helps long-time Lansing owners pull equity from rentals bought years ago. Loans start at $150,000 with no stated maximum.
For Lansing, MI investors, LendingStreet keeps the rental file simple: we look at the property's rent against the full monthly payment, not your personal income. You can close in an LLC, skip the tax returns, and choose a 30-year term on loans from $150,000 with no stated maximum.
Plenty of Lansing landlords own older rentals free and clear or nearly so. A DSCR cash-out lets them put that equity to work on the next property without a bank reviewing personal income.
Ready to run a Lansing deal? Use the form below for a quote, or call (877) 298-1001.
Well-known DSCR lenders include CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital. Compared scenario by scenario for investors in Lansing, MI, 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. |
In the city, the Eastside, Old Town, REO Town and the Westside have early 20th-century bungalows, foursquares and some two-family homes at accessible prices. Moores River Drive and Groesbeck offer larger homes, and the blocks near the Capitol and downtown draw state workers.
East Lansing is its own market, driven by Michigan State University, with student houses and duplexes near campus. Okemos and Haslett in Meridian Township, Holt, Delta Township, Grand Ledge, DeWitt and Mason offer suburban homes for families and professionals. Prices and taxes vary across these municipalities.
Most Lansing investors end up choosing among the same lender types: banks and credit unions, short-term hard money lenders, and national online DSCR lenders. Terms at those lenders vary, so treat the descriptions below as general. Here is how a long-term rental loan from LendingStreet lines up.
A Lansing bank or credit union may offer a cash-out on a rental, but often with tax returns and lower investor limits. Hard money is short-term. LendingStreet offers long-term DSCR cash-out up to 75% LTV.
| What investors need | LendingStreet | Typical bank or credit union | Typical local hard money lender | Typical national online DSCR lender |
|---|---|---|---|---|
| Qualify on rent, not personal income | Yes, DSCR-based | Often requires tax returns and DTI | Usually asset-based, short-term | Usually yes |
| Close in an LLC | Standard | Varies; some require personal title | Usually yes | Usually yes |
| Long-term 30-year option | Available | Sometimes, often with a balloon | Usually short-term only | Usually yes |
| Purchase leverage | Up to 80% LTV | Varies by bank | Varies; fees and terms vary | Varies by program |
| Cash-out | Up to 75% LTV | Varies; may cap investor cash-out | Not a long-term option | Varies by program |
| Loan size | From $150,000, no stated maximum | Varies by bank | Varies | Varies |
| Lends across state lines | All 50 states and DC | Often local footprint only | Often local only | Varies |
If you are buying, remember that Michigan uncaps taxable value after a sale, and rentals do not receive the principal residence exemption, so the new bill is often well above the seller's. If you are refinancing a rental you already own, your current bill is the right number to use.
Millage rates differ across Lansing, East Lansing, Meridian Township and Delta Township, and the City of Lansing sits partly in Eaton County as well as Ingham. Michigan's state and county transfer taxes are customarily paid by the seller. Insurance on older homes depends on roof, wiring and heating, so get quotes.
The City of Lansing requires rental properties to be registered and to pass code compliance inspections. East Lansing runs a separate rental licensing program with occupancy limits that depend on zoning, which matters for student houses near campus. Check both before you buy.
Short-term rental rules also differ by municipality, and some limit non-owner-occupied short-term rentals. Most DSCR investors in the Lansing area underwrite on long-term leases.
This example is illustrative and not a quote. An investor owns an Eastside rental free and clear, now worth $220,000, leasing for $1,800 a month. Taxes are $420 a month and insurance is $110. The investor compares a 75% cash-out with a 70% one.
75% LTV cash-out: refinancing at $220,000 at 75% LTV is a $165,000 loan. Estimated principal and interest on a 30-year term is about $1,098. Add $420 in taxes and $110 in insurance, and the monthly payment is about $1,628. At $1,800 of rent, DSCR is about 1.11x.
70% LTV cash-out: refinancing at $220,000 at 70% LTV is a $154,000 loan. Estimated principal and interest on a 30-year term is about $1,025. Add $420 in taxes and $110 in insurance, and the monthly payment is about $1,555. At $1,800 of rent, DSCR is about 1.16x.
Both options clear 1.0x, so the investor can take the larger cash-out and still meet the standard minimum. Seasoning varies by program (/dscr-cash-out-refinance-seasoning.html).
| Item | 75% LTV cash-out | 70% LTV cash-out |
|---|---|---|
| Value or price | $220,000 | $220,000 |
| Loan amount (LTV) | $165,000 (75%) | $154,000 (70%) |
| Estimated principal and interest | $1,098 | $1,025 |
| Taxes and insurance | $530 | $530 |
| Total monthly payment | $1,628 | $1,555 |
| Monthly rent | $1,800 | $1,800 |
| DSCR | About 1.11x | About 1.16x |
Use the same short list with every lender you talk to. It keeps the comparison honest:
Our answers, plainly: purchase leverage up to 80% LTV, cash-out up to 75%, rate-and-term up to 80% on some programs; a 1.0x standard minimum DSCR plus sub-1.0 options; seasoning that varies by program; LLC borrowing as standard; and loans from $150,000 with no stated maximum, where max LTV on big balances and 5-8 units varies by program. For timing on your deal, call (877) 298-1001.
In Lansing, long-time landlords often use a DSCR cash-out to fund the next purchase, and newer investors refinance out of rehab loans once a house passes inspection and is leased.
All of this covers 1 to 8 unit rentals. For 9+ units, see our commercial lending page (/commercial.html).
Call (877) 298-1001 or use the form below to get started.
Our top pick is LendingStreet. We qualify Lansing rentals on rent, lend to LLCs, offer up to 80% LTV on purchases and 75% on cash-out, and 30-year terms. Get a quote with the form below or call (877) 298-1001.
Yes. LendingStreet makes DSCR rental loans in Lansing, MI and the surrounding area, along with every other state and DC. That includes Lansing, East Lansing, Okemos, Holt, Delta Township, DeWitt and Mason.
No. We qualify the loan on the rent the property earns against the full monthly payment. Expect a credit review (620 minimum), an appraisal of the property and a look at the lease or market rent.
The standard minimum is 1.0x. If a rental comes in a bit under that, ask about our sub-1.0 DSCR programs (/sub-1-dscr-loan.html).
Yes. Most of our investors borrow in an LLC. You sign for the loan personally as well.
Yes. The City of Lansing requires rental registration and inspections. East Lansing has its own rental licensing program.
Up to 75% LTV, subject to DSCR and seasoning, which varies by program.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
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