Colorado rentals tend to have low property taxes and high hail exposure. Put those together with Front Range prices and the DSCR ratio usually lands close to the line, so sizing the refinance carefully pays off.
In short: Our top pick for DSCR rate-and-term refinancing in Colorado is LendingStreet. We refinance 1-8 unit rentals along the Front Range, on the Western Slope and in mountain towns, qualifying on the property's rent with no W-2s or tax returns. Leverage reaches up to 80% LTV on some programs, sub-1.0 DSCR programs exist for tight files and LLC borrowers are standard.
Investors across Colorado use LendingStreet to turn short-term debt into permanent rental financing. Our DSCR rate-and-term loans pay off what you owe, plus closing costs, and qualify on rent with no tax returns, so a busy schedule or a complex return does not slow the file.
It fits investors who hold 1-8 unit rentals in their own name or an LLC and want one predictable long-term payment. It also suits portfolio owners who refinance one property at a time as each short-term loan matures, and self-employed investors whose returns understate their income.
We start at $150,000 with no stated maximum, go up to 80% LTV on some programs and require a 620 minimum credit score. Use the form below to get a quote, 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 Colorado, 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. |
Denver, Aurora, Lakewood and Thornton have a deep supply of older single-family homes and small multifamily, and many investors buy with rehab or bridge money before moving to permanent financing. Colorado Springs adds military-connected demand around its bases, while Fort Collins, Greeley and Pueblo each have their own price levels.
In mountain and resort areas, rentals are often higher-value and may rely on seasonal income, so rules and leverage vary more. Grand Junction on the Western Slope has lower prices and long-term rental demand.
Rental refinances in Colorado usually go to a local bank or credit union, a national online DSCR lender, a private individual lender or an investor lender. Here is a fair, general comparison.
National online DSCR lenders can suit a clean, standard file, though programs and leverage vary from one to the next. Private individual lenders can move quickly but usually lend short-term, which is the debt you are trying to leave. LendingStreet pairs a rent-based approval and long terms with a team that also handles bridge and fix and flip loans when you buy again.
| What investors need | LendingStreet | Typical bank or credit union | Typical 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 Colorado, plus all 50 states and DC | Often a local footprint | Often local |
Colorado's residential property taxes are low compared with most states, though the legislature has changed assessment rules several times in recent years. Use the current bill and confirm with the county assessor.
Denver requires a residential rental license for most long-term rentals, with an inspection, and some other cities have their own programs. Hail is the big insurance issue on the Front Range, and many policies carry percentage-based wind and hail deductibles. Roof age and material matter.
This example is illustrative and not a quote. A Colorado Springs investor refinances a leased four-bedroom home out of a rehab loan. Rent is $2,700. The payoff is $330,000 plus $7,000 in costs, for a new loan of $337,000, about 75% of the $450,000 value. Estimated principal and interest over 30 years is about $2,242. Taxes are $165 and insurance, with a hail-driven premium, is $210, for a payment of about $2,617. DSCR is about 1.03x, just above the standard minimum.
| Item | Amount |
|---|---|
| Current loan payoff | $330,000 |
| Closing costs rolled in | $7,000 |
| New DSCR loan | $337,000 |
| Appraised value | $450,000 |
| Loan-to-value | About 75% |
| Estimated principal and interest | About $2,242 |
| Taxes, insurance | $375 |
| Total monthly payment | About $2,617 |
| DSCR at $2,700 rent | About 1.03x |
A rate-and-term refinance pays off the existing loan and closing costs without putting extra cash in your pocket. Because it takes less risk than a cash-out, it can allow higher leverage, up to 80% LTV on some programs versus 75% on cash-out.
How long you must own the property before refinancing varies by program, and some programs use the purchase price rather than the new value until the property is seasoned. Read our seasoning guide before you set a payoff date on short-term debt.
Before you apply, gather the lease, the current loan statement and the payoff letter. Those three documents answer most of the questions that would otherwise delay the appraisal and title order.
Denver only allows short-term rentals in a host's primary residence, so non-owner-occupied nightly rentals there do not work. Many mountain towns and counties cap or license short-term rentals, and some have waitlists. Check with the city or county before you rely on nightly income.
Where short-term rentals are allowed, some of our programs qualify on projected short-term revenue. Elsewhere, plan on a 12-month lease for the refinance.
Ask every lender the same six questions, in writing, before you commit. After each one is how LendingStreet answers it.
Tell us the address, payoff, rent, insurance quote and license status. We will run the ratio at several loan amounts and show you the options. Use the form below or call (877) 298-1001.
Our top pick is LendingStreet. We refinance 1-8 unit Colorado rentals on rent, with no tax returns, up to 80% LTV on some programs and sub-1.0 DSCR options.
Yes. We lend statewide, including Denver, Aurora, Colorado Springs, Fort Collins, Pueblo and Grand Junction, and in all 50 states and DC.
Denver requires a residential rental license for most long-term rentals. Have it current before closing.
Denver limits short-term rentals to a host's primary residence, so non-owner-occupied nightly rentals there generally do not qualify.
Mainly through insurance cost and deductibles, which feed the ratio. A newer roof helps.
A slightly smaller loan or a sub-1.0 program can work.
Up to 80% LTV on some programs, from $150,000 with no stated maximum.
Seasoning varies by program, and we will tell you which value we can use.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
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