Northwest Arkansas has grown fast, and Little Rock remains a steady rental market. In both, plenty of investors bought with short-term or local bank money. When that loan comes due, a rent-based refinance is the cleanest way out.
In short: Our top pick for DSCR rate-and-term refinancing in Arkansas is LendingStreet. We refinance 1-8 unit rentals across the state on the property's rent, with no W-2s or tax returns, so the loan does not depend on your personal income. Leverage reaches up to 80% LTV on some programs, the minimum credit score is 620, loans start at $150,000 with no stated maximum and LLC borrowers are standard.
LendingStreet is built for investors. A rate-and-term DSCR refinance replaces the loan on your rental with a long-term loan that qualifies on the property's rent, with no W-2s or tax returns. It is how Arkansas investors move out of hard money, bridge debt, a bank balloon or a higher-cost loan without pulling cash out.
Who it fits: investors who finished a rehab, stabilized a rental with bridge money or are staring at a bank balloon date. If the property is leased and the rent covers the new payment, the file usually works, whatever your personal tax return looks like.
We lend from $150,000 with no stated maximum, up to 80% LTV on some programs, with a 620 minimum credit score and 30-year terms available. 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 refinance loan for investors in Arkansas, 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. |
In Northwest Arkansas, Bentonville, Rogers, Springdale and Fayetteville have added jobs and new subdivisions, and rents have followed. Investors there often buy new or nearly new homes and townhomes, then refinance a bridge or bank loan once they lease. Fayetteville also has student-area rentals near the university.
Central Arkansas investors work Little Rock, North Little Rock, Conway, Benton and Bryant, with a mix of older brick homes and small multifamily. Fort Smith, Jonesboro and Hot Springs round out the state. Community banks lend actively here, but many investor loans carry short balloons.
Most Arkansas investors weigh a local bank or credit union, a national online DSCR lender, a private individual lender or an investor lender like LendingStreet. Hard money lenders rarely offer the long-term loan you are refinancing into. Here is how the choices compare on what matters for a rate-and-term refinance.
Each option has a place. A bank you already work with may offer good terms if your tax returns show strong income. Online DSCR lenders vary widely in what they accept. LendingStreet is built around the rental itself, so the property's rent, not your personal return, decides the loan, and the same team can finance your next purchase.
| What matters on a refinance | LendingStreet | Local bank or credit union | Local hard money lender |
|---|---|---|---|
| Qualifies on | The property's rent (DSCR) | Often personal income and tax returns | The property and a short exit |
| Loan term | 30-year terms available | Varies; balloons are common on investor loans | Usually short-term only |
| Rate-and-term leverage | Up to 80% LTV on some programs | Varies | Not built for a long-term refinance |
| LLC borrowers | Standard | Varies | Common |
| Loan size | From $150,000, no stated maximum | Varies by institution | Varies |
| Where they lend | All of Arkansas, plus all 50 states and DC | Often a local footprint | Often local |
Arkansas assesses property at 20% of market value, and the homestead credit only applies to a primary residence. That means an investor's bill is often higher than an owner-occupant seller's. Use the current bill without the credit.
The state transfer tax applies to deeds on a sale, not to a refinance, which helps closing costs. Insurance is the line to watch: tornadoes, hail and severe spring storms affect premiums statewide, and many policies carry separate wind and hail deductibles. Older roofs can raise the cost or limit coverage, so check the roof before the appraisal.
This example is illustrative and not a quote. A Rogers investor refinances a leased three-bedroom out of a bank loan with a balloon due next year. Rent is $1,975. The payoff is $215,000, and $5,000 of costs rolls into a new loan of $220,000, about 75% of the $295,000 appraised value. Estimated principal and interest over 30 years is about $1,464. With $170 in taxes and $140 in insurance, the payment is about $1,774, for a DSCR of about 1.11x.
| Item | Amount |
|---|---|
| Current loan payoff | $215,000 |
| Closing costs rolled in | $5,000 |
| New DSCR loan | $220,000 |
| Appraised value | $295,000 |
| Loan-to-value | About 75% |
| Estimated principal and interest | About $1,464 |
| Taxes, insurance | $310 |
| Total monthly payment | About $1,774 |
| DSCR at $1,975 rent | About 1.11x |
Rate-and-term means the new loan covers the payoff plus costs, and little or no cash comes back. Investors pick it when the goal is a stable 30-year payment, not equity. It can also reach higher leverage than cash-out on some programs.
Seasoning rules vary by program. If your bridge or hard money loan matures soon, start the conversation 60 to 90 days early so the appraisal and title work are done before the deadline.
If the new value is well above what you paid, ask whether a cash-out refinance would serve you better. If the goal is simply a lower-risk, long-term payment, rate-and-term keeps the loan smaller and the ratio stronger.
Arkansas has long been known as a landlord-friendly state, and it added a basic habitability standard for rentals in 2021. Some cities run their own rental inspection or registration rules. Confirm local requirements before you close.
Rental stock ranges from new construction in Benton and Washington counties to 1960s and 1970s brick ranch homes in central Arkansas. Duplexes and fourplexes qualify on combined rent, and 5-8 unit buildings are residential DSCR loans with us.
Use this short list with any lender you are considering. Each item ends with LendingStreet's answer, so you can compare like for like.
Send the property address, payoff, balloon or maturity date and current rent. We will run the numbers and come back with options. Get a quote with the form below or call (877) 298-1001.
Our top pick is LendingStreet. We refinance 1-8 unit Arkansas rentals on rent, with no tax returns, up to 80% LTV on some programs and LLC borrowing as standard.
Yes. We lend statewide, including Little Rock, Bentonville, Rogers, Fayetteville, Fort Smith and Jonesboro, and in all 50 states and DC.
The state transfer tax applies to deeds on a sale. Recording and title costs still apply on a refinance.
The homestead credit applies only to a primary residence. An investor's bill reflects the full assessment.
Yes, once it is leased. If it is too new for a tax bill, budget taxes on the purchase price.
Up to 80% LTV on some programs. Leverage varies by program and can be lower on larger balances.
The standard minimum is 1.0x, and sub-1.0 programs exist.
Yes. LLC borrowers are standard.
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