A $2M Scottsdale rental and a 6-unit building near downtown Phoenix both need the same thing from a lender: a loan sized to the rent, not to your tax returns. This guide shows how to compare Arizona jumbo DSCR lenders and why we make LendingStreet our first recommendation.
In short: Our top pick for jumbo DSCR loans in Arizona is LendingStreet. We finance high-value 1-8 unit rentals with jumbo DSCR loans of about $1.5M to $5M+ that qualify on the property's rent, with no W-2s or tax returns. LLC borrowers are standard, 30-year terms are available, and we lend across Arizona and in all 50 states and DC. Larger balances get more review and max LTV varies by program, so the clearest next step is a quote on your actual property.
For investors financing a $1M+ rental in Arizona, our top pick is LendingStreet. We offer jumbo DSCR loans of about $1.5M to $5M+ for purchase, rate-and-term and cash-out refinance on high-value 1-8 unit rentals, and our DSCR program starts at $150,000 with no stated maximum, so a $1.1M Chandler home and a $4M Paradise Valley estate can sit in the same conversation.
The loan qualifies on the property's rent, not your personal income. There are no W-2s or tax returns, LLC borrowers are standard, 30-year terms are available, and the minimum credit score is 620. Purchase leverage goes up to 80% LTV and cash-out up to 75%, with max LTV on larger balances and 5-8 unit buildings that varies by program.
It fits investors who already own Arizona rentals, self-employed buyers whose returns understate their income, and out-of-state investors buying into Phoenix, Scottsdale or Tucson through an LLC. The next step is simple: get a quote with the form below or call (877) 298-1001.
Investors searching for jumbo DSCR lenders often compare national names like Angel Oak, CoreVest, Dominion Financial, LendingOne, Lima One, New Silver, RCN Capital and Roc Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Arizona. 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 of $3M to $5M+ | LendingStreet | Our DSCR loans have no stated maximum. Angel Oak and New Silver state DSCR maximums of $3 million, and Roc Capital states $2MM for single rentals. |
| 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. |
| 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 of the state's large-balance rental files come from the Phoenix metro, with a smaller but steady share from Tucson and the northern mountain and red-rock towns.
Arizona investors usually shop four kinds of lenders for a large rental loan. Here is how they tend to compare on what matters for a $1M+ file.
| What investors need | LendingStreet | Typical bank or credit union | Typical hard money lender |
|---|---|---|---|
| Qualify on rent, not tax returns | Yes, DSCR based | Usually needs tax returns and DTI | Often asset based, short term |
| Loan size | $150,000 with no stated maximum; jumbo about $1.5M to $5M+ | Varies; large loans may need a relationship | Varies by lender |
| LLC borrower | Standard | Sometimes, with extra paperwork | Usually yes |
| Term | 30-year terms available | Often shorter or adjustable for investors | Usually 6 to 24 months |
| 1-8 units | Yes, 5-8 units on some programs | Varies | Varies |
| All of Arizona, plus other states | All 50 states and DC | Often local footprint only | Often regional |
This example is illustrative and not a quote. An investor buys a single-family home in Scottsdale for $2,400,000 and leases it unfurnished for $12,500 a month. Because this is a larger balance, the investor chooses 65% leverage, a loan of $1,560,000 on a 30-year term.
The DSCR is the monthly rent divided by the full monthly payment. Here it is $12,500 divided by $11,979, or about 1.04x, which clears the standard 1.0x minimum. At 80% leverage the same home would not cover its payment, which is why many Arizona jumbo files land between 60% and 70%.
| Line item | Monthly amount |
|---|---|
| Loan amount (65% of $2,400,000) | $1,560,000 |
| Estimated principal and interest (30-year) | $10,379 |
| Property taxes (estimate) | $950 |
| Insurance (estimate) | $500 |
| HOA | $150 |
| Total monthly payment | $11,979 |
| Market rent | $12,500 |
| DSCR | About 1.04x |
Arizona property taxes are moderate compared with many states, which is one reason large Phoenix-area rentals can carry jumbo leverage. Rental homes are taxed in a different class than owner-occupied homes, so the bill after you buy can be higher than the seller's. Arizona also requires residential rental property to be registered with the county assessor. Confirm the rental classification and the current bill with the county before you budget.
Arizona does not charge a large real estate transfer tax, so closing costs are mostly title, escrow, recording and lender items. For insurance, price in pools, tile roofs, monsoon wind and hail, and the age of the HVAC system, then get a real quote early. Many valley communities have HOAs with their own leasing rules, so read the CC&Rs before you count on a lease.
State law limits how far Arizona cities can go in banning short-term rentals, but cities and towns can require permits or licenses, emergency contacts and neighbor notice, and they can penalize violations. Owners also register for and remit transaction privilege and lodging taxes. Scottsdale, Sedona and other towns have their own rules, and HOAs can be stricter than the city.
On some programs, a short-term rental can qualify on projected short-term rental revenue instead of a long-term lease. Seasonal markets need a realistic full-year figure, not just peak months. See our Arizona short-term rental page for more, and check with the city or county before you buy.
A 5-8 unit building in central Phoenix or Tempe is still residential financing with us. Nine or more units is commercial, covered at /commercial.html. On 5-8 units and on larger balances, expect more review of the rent roll, leases and property condition, and a max LTV that varies by program.
Larger balances usually need a full valuation, and the valuation's market rent drives the DSCR. A strong rent roll, solid reserves and a clean condition report help a $3M+ file move cleanly.
Ask every lender the same questions so you compare like with like:
Max LTV goes up to 80% on purchases and 75% on cash-out, and it varies by program on larger balances and 5-8 units. The standard DSCR minimum is 1.0x, with sub-1.0 programs available. Cash-out seasoning varies by program. LLC borrowers are standard. We focus on clean, organized files so you know what is needed up front, and our DSCR program has no stated maximum, with jumbo loans of about $1.5M to $5M+.
If that matches your Arizona deal, get a quote with the form below or call (877) 298-1001 and tell us the address, the rent and the loan amount you have in mind.
Our top pick is LendingStreet. We offer jumbo DSCR loans of about $1.5M to $5M+ on 1-8 unit rentals that qualify on rent with no tax returns, allow LLC borrowers and offer 30-year terms, and we lend statewide.
Yes. We lend across Arizona, from Phoenix, Scottsdale and Tucson to Flagstaff and Sedona, and in all 50 states and DC.
Our DSCR program starts at $150,000 with no stated maximum. Purchases go up to 80% LTV, but on large balances the max LTV varies by program, and the rent has to cover the payment at 1.0x on standard programs.
They can. Rentals are taxed in a different class than owner-occupied homes, so confirm the classification and the bill with the county assessor before you rely on the seller's figure.
Yes, 5-8 unit buildings are residential with us on some programs. Expect more review of leases and the rent roll. Nine or more units is commercial.
On some programs it can qualify on projected short-term rental revenue. The property still needs to meet the city's permit or license rules and any HOA limits.
No. The loan qualifies on the property's rent, with no W-2s or tax returns. A minimum 620 credit score applies.
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