Greater Phoenix is one of the largest single-family rental markets in the country, with newer homes, low property taxes and HOAs on almost every street. That makes the DSCR math simple in some ways and tricky in others, and the right lender makes the difference.
In short: Our top pick for a DSCR loan in Phoenix is LendingStreet. We qualify on the property's rent with no W-2s or tax returns, lend up to 80% LTV on purchases and 75% on cash-out with 30-year terms available, and close in your LLC. We finance 1-8 unit rentals across Maricopa County from $150,000 with no stated maximum, and our short-term rental programs can qualify on projected revenue where local rules allow.
LendingStreet finances Phoenix-area single-family rentals, townhomes, duplexes and small multi-unit buildings, plus short-term rentals that hold the required license. We do purchases, rate-and-term refinances and cash-out refinances.
It fits investors building a single-family portfolio, self-employed borrowers, and out-of-state investors who hold Arizona rentals in an LLC. Own five or more? A blanket portfolio loan can combine them.
Get a quote with the form below, or call (877) 298-1001.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital for a DSCR loan for investors in Phoenix, AZ, 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. |
Phoenix investors can choose from banks, credit unions, hard money lenders, national online DSCR lenders and private money. For a long-term rental, here is the comparison:
| Factor | LendingStreet | Bank or credit union | Private or hard money lender |
|---|---|---|---|
| Qualifying method | Property cash flow (DSCR) | Borrower income and tax returns | Asset-based; varies |
| Leverage | Up to 75% LTV on cash-out, 80% on purchase | Varies; often lower on investment property | Varies |
| Term | 30-year terms available | Varies | Usually short-term |
| Entity borrowing | LLC borrowers standard | Varies | Common |
| Minimum credit score | 620 | Varies | Varies |
| Footprint | All 50 states and DC | Mostly local | Varies |
In Phoenix itself, central neighborhoods such as Arcadia, Encanto and Coronado have older ranch homes and small multi-unit buildings, while Maryvale, Laveen and South Mountain offer lower prices. Ahwatukee has newer homes in HOA communities.
In the East Valley, Mesa, Chandler, Gilbert and Tempe draw tenants tied to ASU, semiconductor plants and health care employers. The West Valley, including Glendale, Peoria, Surprise, Goodyear and Buckeye, has large amounts of newer construction, and Scottsdale has higher-end homes and many short-term rentals.
Many Valley investors bought single-family homes several years ago and have since seen values rise. A DSCR cash-out up to 75% LTV can turn that equity into the down payment on the next house, and a rate-and-term refinance can move a short-term bridge or hard money loan into a 30-year term once the home is leased.
Arizona property taxes are low compared with many states. The taxable limited value can rise no more than 5% a year, which keeps bills predictable. Arizona law also requires owners of residential rentals to register them with the county assessor, so register after you close.
Arizona does not charge a percentage-based real estate transfer tax, only a small flat affidavit fee on deeds. Refinance costs are mostly title, escrow, recording and a valuation.
Most newer Phoenix homes sit in an HOA. Dues count in the DSCR payment, and some associations limit leasing or set minimum lease terms, so read the covenants before you buy.
Insurance is usually moderate, but monsoon wind, occasional hail and summer heat take a toll on roofs and air conditioning. Many Valley homes have rooftop solar. Leased or financed panels can show up as a lien or an assignment issue at closing, so ask the seller for the agreement early.
Arizona law limits how far cities can ban short-term rentals, but Phoenix requires a short-term rental license, and Scottsdale, Tempe and other cities have their own permit or licensing rules. Short-term rentals also collect transaction privilege tax, and many HOAs prohibit stays under 30 days.
Where the property is licensed and allowed, our STR programs can qualify on projected short-term revenue instead of a long-term lease.
This example is illustrative and not a quote. An investor buys a Mesa single-family home in an HOA community for $400,000 that leases for $2,500 a month. Taxes are $150 a month, insurance $110 and HOA dues $80.
At 80% LTV the loan is $320,000, estimated principal and interest is about $2,183, and the payment is about $2,523, for a DSCR of about 0.99x, just short of 1.0x. At 75% LTV the loan is $300,000, the payment is about $2,387 and DSCR is about 1.05x. Low taxes help, but on Phoenix single-family homes the rent-to-price ratio usually decides the leverage.
| Item | 80% LTV | 75% LTV |
|---|---|---|
| Loan amount | $320,000 | $300,000 |
| Down payment | $80,000 | $100,000 |
| Estimated principal and interest | $2,183 | $2,047 |
| Taxes, insurance and HOA | $340 | $340 |
| Total payment | $2,523 | $2,387 |
| DSCR at $2,500 rent | About 0.99x | About 1.05x |
Use this checklist with every lender on your shortlist, including us:
Our answers: up to 75% LTV on cash-out and up to 80% on purchase; LLCs borrow as standard; a 1.0x standard DSCR with sub-1.0 options; seasoning by program; loans from $150,000 with no stated maximum, where larger balances get more review; a timeline we set with you once title and valuation are ordered; and 620 minimum credit.
Send the address, price or value, the lease or rent estimate, HOA dues, the tax bill and any solar agreement. For a short-term rental, include the city license. We will run the ratio at a few loan amounts. Get a quote with the form below or call (877) 298-1001.
Our top pick is LendingStreet. We qualify on rent with no tax returns, lend up to 80% LTV on purchases with 30-year terms, close in your LLC and offer short-term rental programs where they are allowed.
Yes. We finance non-owner-occupied 1-8 unit rentals across Phoenix and Maricopa County, including Mesa, Chandler, Gilbert, Glendale, Peoria and Goodyear.
Yes. Arizona requires residential rentals to be registered with the county assessor, and short-term rentals in Phoenix also need a city license.
Yes, if it holds the required license and the HOA allows it. Our STR programs can qualify on projected revenue.
Yes. HOA dues count in the payment, and leasing restrictions can limit how you rent the home.
Put a little more down, as the example shows, or use one of our sub-1.0 DSCR programs.
Usually, but the solar agreement must be reviewed at closing. Share it early.
No. Our loans are business-purpose loans on non-owner-occupied investment property.
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