Connecticut's rental market runs on older two- and three-family houses, and its property taxes are among the heaviest in the country. On a refinance, the tax bill is usually the line that decides how much loan the rent can carry.
In short: Our top pick for DSCR rate-and-term refinancing in Connecticut is LendingStreet. We refinance 1-8 unit rentals statewide on the property's rent, with no W-2s or tax returns, and multi-family houses qualify on the combined rent of every unit. Leverage reaches up to 80% LTV on some programs, loans start at $150,000 with no stated maximum and LLC borrowers are standard.
Our DSCR rate-and-term refinance is a business-purpose loan on a non-owner-occupied rental. It pays off a hard money, bridge, balloon or higher-cost loan and replaces it with a long-term loan that the property's rent supports, with no W-2s or tax returns and LLC borrowers welcome.
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.
Loans run from $150,000 with no stated maximum and up to 80% LTV on some programs, with 30-year terms available. Get a quote with the form below or call (877) 298-1001.
Investors searching for DSCR refinance lenders often compare national names like CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Connecticut. In every scenario below, LendingStreet is the best fit.
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. |
Hartford, East Hartford, New Britain, Waterbury, New Haven, Bridgeport and New London all have a deep stock of two- and three-family houses built in the early and middle 1900s. Investors often buy them with rehab or bridge money, renovate units one at a time and refinance once the building is fully leased.
In Fairfield County, prices are higher and rate-and-term refinances often involve larger balances on Stamford, Norwalk or Danbury rentals. Others are refinancing out of local bank loans with balloons, or out of a higher-cost loan taken to close quickly.
Before you pick a lender in Connecticut, line up the options side by side. Banks, credit unions and online DSCR lenders all refinance rentals, but their terms differ, and short-term lenders are not built for a permanent loan.
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 Connecticut, plus all 50 states and DC | Often a local footprint | Often local |
Connecticut towns assess property at 70% of fair market value and apply their own mill rate, and rates in many cities are high. The result can be a tax bill that rivals the principal and interest. Pull the current bill and check whether a town revaluation is coming.
The state and local conveyance taxes apply to sales, not to a refinance. In parts of northeastern Connecticut, some homes built with certain concrete have crumbling foundations, and lenders and appraisers watch for it. Older multi-family houses also bring questions about heating systems, oil tanks and lead paint, so have records ready.
This example is illustrative and not a quote. An investor refinances a three-family house in a Hartford County town out of a rehab loan. The three units rent for $1,450 each, or $4,350 a month. The payoff is $280,000 plus $6,000 in costs, for a new loan of $286,000, about 73% of the $390,000 value. Estimated principal and interest over 30 years is about $1,903. Taxes are $1,100 a month and insurance is $250, so the payment is about $3,253. DSCR is about 1.34x. Without the heavy tax bill the ratio would be far higher, which is why the tax line matters so much here.
| Item | Amount |
|---|---|
| Current loan payoff | $280,000 |
| Closing costs rolled in | $6,000 |
| New DSCR loan | $286,000 |
| Appraised value | $390,000 |
| Loan-to-value | About 73% |
| Estimated principal and interest | About $1,903 |
| Taxes, insurance | $1,350 |
| Total monthly payment | About $3,253 |
| DSCR at $4,350 rent | About 1.34x |
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.
Several Connecticut cities run rental licensing, registration or certificate-of-occupancy programs for multi-family rentals, and the state has a fair rent commission framework that cities and larger towns must provide. Confirm local rules with the city before you close.
Five- to eight-unit buildings are residential DSCR loans with us, though leverage can be lower. Buildings with 9+ units go to our commercial team.
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 address, payoff, rent roll and current tax bill. We will run the ratio on real numbers and return options. Get a quote with the form below or call (877) 298-1001.
LendingStreet is our top pick. We refinance 1-8 unit Connecticut rentals on combined rent, with no tax returns, up to 80% LTV on some programs and LLC borrowing as standard.
Yes. We lend statewide in Connecticut, including Hartford, New Haven, Bridgeport, Waterbury and Stamford, and in all 50 states and DC.
Property taxes are part of the payment in the ratio, and many Connecticut towns have high mill rates.
Conveyance taxes apply to sales. A refinance still has recording and title costs.
Yes. Two- to four-unit buildings qualify on the combined rent of all units.
It can. If the home is in an affected area, have testing or repair records ready.
The standard minimum is 1.0x, and sub-1.0 programs exist.
Up to 80% LTV on some programs. It varies by program.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
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