Utah's Wasatch Front has grown quickly, and many investors there bought duplexes and single-family rentals on short-term or higher-cost loans to keep up with the market. A rate-and-term DSCR refinance is how those deals settle into long-term holds.
In short: LendingStreet is our top pick for Utah investors refinancing a rental out of short-term or bank debt. Three reasons: we qualify on rent, not personal income; rate-and-term LTV reaches 80% on some programs; and 30-year terms are available to LLC borrowers. Utah has no mortgage recording tax, and its primary residential exemption can apply to a long-term rental that is a tenant's primary residence, which can help the tax line on the refinance. Get a quote with the form below or call (877) 298-1001.
If you own a stabilized Utah rental and the loan on it is short-term, ballooning or costlier than it needs to be, LendingStreet is where we would start. We qualify the refinance on what the property earns, not on your personal income, and we lend to LLCs as a matter of course.
Our DSCR loans begin at $150,000 with no stated maximum, reach up to 80% LTV on rate-and-term refinances on some programs, and come with 30-year terms. We use a 1.0x standard DSCR minimum, sub-1.0 programs exist, and the credit floor is 620.
Fill out the form below or call (877) 298-1001 and we will look at your Utah numbers.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital for a DSCR refinance loan for investors in Utah, 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. |
Investor activity runs along the Wasatch Front: Salt Lake City, West Valley City, Ogden and the older neighborhoods of Weber and Davis counties, and Provo and Orem in Utah County. St. George and Logan have their own rental markets driven by growth and the universities.
Housing stock ranges from older duplexes and single-family homes near downtown Ogden and Salt Lake to newer townhomes in the suburbs. Many of these were bought with private or bridge loans, then renovated or leased up, and now need a 30-year loan.
If you own short-term rentals, check local rules first. Many Utah cities limit or license nightly rentals, and the rules differ across Salt Lake, Summit and Washington counties.
Before you settle on a lender for a Utah refinance, it helps to see the main options in one place. Descriptions of other lender types are general; individual terms vary.
Short-term lenders win purchases, and banks win relationships. For the step in between, moving a finished Utah rental onto long-term debt sized on its rent, our top pick is LendingStreet.
| What investors need | LendingStreet | Typical bank or credit union | Typical private lender |
|---|---|---|---|
| How the loan qualifies | Property rent (DSCR) | Often personal income and tax returns | Property value and the project |
| Rate-and-term LTV | Up to 80% on some programs | Varies; set by each bank | Not designed for long-term refinancing |
| Term | 30-year terms available | Often shorter terms or balloons | Usually short-term only |
| LLC borrowers | Standard | Varies | Common |
| Loan size | From $150,000, no stated maximum | Varies by bank | Varies |
| Lending area | All 50 states and DC | Usually local | Often local or regional |
| Wasatch Front duplexes | Qualified on combined rent | Varies by bank | Short-term only |
Utah's primary residential exemption reduces taxable value on a primary residence, and it can apply to a long-term rental that is the tenant's primary residence. Short-term rentals usually do not qualify. Counties may ask you to sign a declaration, so confirm with the county assessor.
Insurance is generally moderate, but wildfire exposure in foothill areas and the cost of earthquake coverage, if you choose it, can change the numbers. Get a quote early.
Rents along the Wasatch Front have risen with the population, but appraisers base the rent estimate on comparable leases nearby. Have current leases for both units ready so the figure used in the ratio reflects what the property actually earns.
This example is illustrative and not a quote. An investor owns an Ogden duplex worth about $445,000, financed with a higher-cost private loan used to buy and renovate it. The payoff is $330,000 and estimated closing costs are $7,000, so the new loan is $337,000, about 76% LTV, within the 80% rate-and-term limit on some programs.
Rent is $3,050 a month. Taxes reflect the residential exemption for a long-term tenant's primary residence. Estimated principal and interest on a 30-year term is about $2,270, taxes are $190 and insurance is $115, for a total monthly payment of about $2,575. DSCR is about 1.18x, above the 1.0x standard minimum, and the short-term loan is replaced with a 30-year term.
Your numbers will differ. Try our DSCR calculator, then get a quote with the form below for real terms.
| Item | Amount |
|---|---|
| Property value | $445,000 |
| Existing loan payoff | $330,000 |
| Estimated closing costs | $7,000 |
| New loan amount | $337,000 |
| Loan-to-value | About 76% |
| Monthly rent | $3,050 |
| Estimated principal and interest | $2,270 |
| Property taxes | $190 |
| Insurance | $115 |
| Total monthly payment | $2,575 |
| DSCR | About 1.18x |
Timing on a Utah rate-and-term refinance usually comes down to three things: seasoning, the appraisal and title. Seasoning varies by program, so confirm it before you order anything; payoff-only refinances tend to have more room.
Having leases, rent records, a current payoff letter and an insurance quote ready shortens the file. If the appraised rent leaves the ratio just under 1.0x, a smaller loan or a sub-1.0 DSCR program are the usual fixes.
Lenders describe themselves in similar terms, so the specifics are what separate them. Ask these six, and compare the answers with LendingStreet's.
A rate-and-term refinance pays off existing debt and closing costs. If you also want to pull equity out, a cash-out refinance goes up to 75% LTV, and seasoning matters more. Many investors refinance rate-and-term first, then revisit cash-out once the Utah property has more history.
Our investor loans are business-purpose loans on non-owner-occupied property, from single-family homes to 8 units. Buildings with 9 or more units fall under our commercial programs. Ready to see your numbers? Use the form below or call (877) 298-1001.
Our top pick is LendingStreet. We qualify on rent instead of personal income, go up to 80% LTV on rate-and-term refinances on some programs, offer 30-year terms and lend to LLCs. Get a quote with the form below.
Yes. LendingStreet lends on investment rentals throughout Utah, as well as in every other state and DC.
LendingStreet's minimum credit score is 620. The standard DSCR minimum is 1.0x, and sub-1.0 programs are available on some files.
No. A DSCR loan qualifies on the property's rent. We look at the lease or market rent, the payment, credit and reserves, not your personal income.
No. We lend to LLCs as standard, so the property can stay in the entity that owns it.
Seasoning varies by program. A refinance that only pays off existing debt is often more flexible than cash-out. Tell us your purchase date and we will say which programs fit.
It can. Utah's primary residential exemption can apply when the property is a tenant's primary residence. Short-term rentals usually do not qualify. Confirm with your county assessor, who may require a declaration.
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