New Hampshire's rental market runs on older buildings: two- and three-family homes in Manchester and Nashua, mill-era housing in Dover and Rochester, and small multifamily in Concord. Many were bought with short-term or local bank money that now needs a permanent home.
In short: Our top pick for a DSCR rate-and-term refinance in New Hampshire is LendingStreet, because it qualifies on the combined rent of the building rather than your personal income, goes up to 80% LTV on some rate-and-term programs, and offers 30-year terms that can replace a bank balloon. DSCR loans start at $150,000 with no stated maximum, use a 1.0x standard DSCR minimum with sub-1.0 options, and require a 620 minimum credit score. Every loan is a business-purpose loan on non-owner-occupied investment property.
LendingStreet offers DSCR rate-and-term refinances for 1-8 unit residential investment property in New Hampshire. The loan is sized on the property's rent, not your personal income, so there are no W-2s or tax returns to qualify. Rate-and-term refinances go up to 80% LTV on some programs, and the exact figure varies by program, property type and balance. 30-year terms are available and LLC borrowers are standard.
It fits investors holding single-family rentals and 2-8 unit buildings in Manchester, Nashua, Concord, Dover, Rochester, Portsmouth and Keene who want to pay off a hard money loan, a bridge loan, a local bank balloon or a higher-cost loan.
Ready to price your refinance? Use 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 New Hampshire, 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. |
Most New Hampshire investors compare four kinds of lenders when a short-term loan comes due. The other columns describe common patterns, not rules, and any single lender may differ.
The short version: LendingStreet is built for investors who want a long-term loan sized on rent, not on a tax return.
| What matters on a refinance | LendingStreet | Typical bank or credit union | Typical short-term lender | Typical national online DSCR lender |
|---|---|---|---|---|
| Approval basis | Rent from the property, not personal income | Usually personal income and tax returns | Deal-based; built for short holds | Often rent-based |
| Loan length | 30-year terms | Balloons are common | Months, not decades | Often 30-year |
| DSCR minimum | 1.0x standard; sub-1.0 programs | Varies | Not applicable | Varies |
| LLC borrowing | Standard | Varies | Common | Varies |
| Units | 1-8 units residential | Varies | Varies | Often 1-4 units |
| Bridge, rehab and DSCR together | Yes | Sometimes | Usually short-term only | Usually DSCR only |
| Coverage | All 50 states and DC | Usually local or regional | Usually local or regional | Varies by state |
| Rate-and-term LTV | Up to 80% on some programs | Varies; often lower on rentals | Not a long-term refinance option | Varies |
A large share of the state's rental housing is pre-war multifamily. Investors buy a tired triple-decker or a two-family on the West Side of Manchester or near downtown Nashua, fund the work with a short-term loan, raise the units to market rent and then need permanent financing.
Others hold rentals financed with a local bank or credit union on a short balloon, often five years, with a payment that resets or a loan that simply comes due. A rate-and-term DSCR refinance can replace that with a 30-year loan sized on the building's rent.
Seacoast towns such as Portsmouth and Dover carry higher values and rents, while Rochester, Laconia and Claremont have lower entry prices. Smaller balances still need to clear the $150,000 loan minimum.
New Hampshire has no broad tax on wage income, and towns rely heavily on property taxes, so the tax line is often the biggest expense after the loan payment. Rates are set town by town and can differ sharply between neighboring communities, so use the current bill for your property.
The state real estate transfer tax is charged on sales and split between buyer and seller. It generally does not apply to a refinance with no change in ownership, but ask your title company if you are deeding the property into an LLC at closing.
Winter matters in older buildings. If the owner pays heat, that cost does not count against DSCR the way taxes and insurance do, but it does reduce your actual cash flow. Insurers look closely at roof age, heating systems and electrical updates on older multifamily.
This example is illustrative and not a quote. An investor owns a three-family home in Manchester, bought with a local bank loan on a five-year balloon. The property now appraises at $520,000 and the bank balloon loan payoff is $372,000. Adding estimated closing costs of $10,000, the new DSCR loan is $382,000, about 73.5% LTV, under the 80% rate-and-term maximum available on some programs (which would be $416,000).
On a 30-year term, estimated principal and interest is about $2,541 a month. Taxes add about $783 and insurance about $250, for a total monthly payment of about $3,574. With $4,500 a month in rent, DSCR is about 1.26x, which clears the 1.0x standard minimum.
Change any one input, such as the tax bill or insurance premium, and the ratio moves. The DSCR calculator lets you test your own figures before you apply.
| Item | Amount |
|---|---|
| Appraised value | $520,000 |
| Bank balloon loan payoff | $372,000 |
| Estimated closing costs | $10,000 |
| New DSCR loan | $382,000 |
| Loan-to-value | About 73.5% |
| Monthly rent | $4,500 |
| Estimated principal and interest | $2,541 |
| Taxes (monthly) | $783 |
| Insurance (monthly) | $250 |
| Total monthly payment | $3,574 |
| DSCR | About 1.26x |
The right questions make lenders easy to compare.
LendingStreet's answers, in order: up to 80% LTV on some programs; 1.0x standard minimum DSCR, with sub-1.0 programs; seasoning varies by program; LLC borrowing is standard; timing depends mostly on the appraisal, title and a complete file; and there is no stated maximum, with jumbo DSCR for about $1.5M to $5M+ and max LTV that varies by program on larger balances and 5-8 unit buildings.
How long you have owned the property, called seasoning, affects which value a lender will use. Rules vary by program: some can lean on a fresh appraisal after renovation, and others start from the purchase price plus documented improvements for a while. Confirm the rule early if your current loan matures soon.
Give yourself room. A refinance that starts 60 to 90 days before maturity leaves time for the appraisal, title work and any questions about leases.
If you also want to pull equity out, that is a cash-out refinance, which goes up to 75% LTV. A rate-and-term refinance pays off the existing loan and closing costs.
Have these ready, and then use the form below or call (877) 298-1001 to get terms.
We recommend LendingStreet as the top pick in New Hampshire: rent-based qualifying with no tax returns, up to 80% LTV on some rate-and-term programs, 30-year terms and standard LLC borrowing from one investor lender.
Yes. LendingStreet lends on investment property throughout New Hampshire and in all 50 states and DC. Get a quote with the form below or call (877) 298-1001.
A rate-and-term refinance replaces your existing loan with a new one, usually to get a longer term or a better structure, without taking significant cash out. With LendingStreet it goes up to 80% LTV on some programs. A cash-out refinance goes up to 75% LTV.
Yes. Once the property is leased, a LendingStreet DSCR refinance can pay off a hard money, bridge or rehab loan, a bank balloon or another higher-cost loan. How long you must own the property first varies by program.
LendingStreet's standard minimum is 1.0x, where rent equals the full payment with taxes, insurance and any HOA dues. Sub-1.0 programs are available, and borrowing a little less also lifts the ratio.
620 is the minimum. Above that, credit and LTV both affect pricing, and income is measured by the property's rent rather than your tax returns.
Yes, on many programs, as long as the property is an investment rental and the rent supports the payment. Seasonal rentals in the Lakes Region or White Mountains may qualify on projected short-term rental revenue on some programs, but local zoning and town rules decide whether short-term renting is allowed, so check with the town first.
No. Every LendingStreet loan is a business-purpose loan on non-owner-occupied rental property of 1 to 8 units.
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