Greater Boston has some of the most expensive small multifamily in the country, and a three-family in Cambridge or Somerville can easily need a $1.5M+ loan. Add Cape Cod and the islands, and Massachusetts has more jumbo rental demand than most states its size.
In short: Our top pick for jumbo DSCR in Massachusetts is LendingStreet. We finance 1-8 unit rentals from about $1.5M to $5M+, qualify on the property's rent with no W-2s or tax returns, and lend to LLCs as standard. Massachusetts brings the state lead law, Boston's owner-only residential exemption and land bank fees on the islands, and we factor all of them into the deal.
For a large Massachusetts rental, LendingStreet offers jumbo DSCR loans from about $1.5M to $5M+ on 1-8 unit properties, built for investors who want long-term financing without handing over tax returns. We qualify on the rent, lend to LLCs as standard, offer 30-year terms and accept credit scores from 620. DSCR loans start at $150,000 with no stated maximum, so a Worcester two-family and a Cambridge three-family can both qualify with us.
Who it fits: investors with triple-deckers and two-families in Cambridge, Somerville and Brookline, Boston rentals in the South End, Back Bay, Jamaica Plain and the Seaport, suburban homes in Newton, Wellesley and Lexington, North Shore homes, and year-round rentals on Cape Cod and the islands.
On bigger loans, expect a more detailed review and leverage that can sit below the 80% purchase and 75% cash-out maximums, depending on the program. Send us the deal with the form below, or call (877) 298-1001.
If you are weighing Angel Oak, CoreVest, Dominion Financial, LendingOne, Lima One, New Silver, RCN Capital and Roc Capital for a jumbo DSCR loan for investors in Massachusetts, 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 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. |
In Greater Boston, two- and three-family homes in Cambridge, Somerville, Brookline, Jamaica Plain and Dorchester are the core of the jumbo rental market, with strong demand from students, researchers and young professionals. Back Bay, Beacon Hill, the South End and the Seaport add luxury condos and townhouses.
Newton, Wellesley, Lexington and Needham have large single-family homes that lease to relocating families, and Marblehead and other North Shore towns add coastal homes. Cape Cod, Nantucket and Martha's Vineyard carry very high values, though many homes rent seasonally rather than year-round.
When a Massachusetts rental loan crosses $1M, the field of lender types narrows quickly. Banks and credit unions usually want full income documentation, hard money lenders are built for short-term projects, and national online DSCR lenders and private individuals vary widely in loan size and unit-count rules. Here is the side-by-side.
| What investors need | LendingStreet | Typical bank or credit union | Typical hard money lender |
|---|---|---|---|
| Qualify on rent, no W-2s or tax returns | Yes, DSCR loans qualify on the property's rent | Usually full income documents and tax returns | Often asset based, but for short-term loans |
| Loan size above $1.5M | From $150,000 with no stated maximum; jumbo DSCR about $1.5M to $5M+ | Varies; large balances may depend on a deposit relationship | Varies; usually short-term balances |
| Long-term financing | 30-year terms available | Varies; investment loans are often shorter or adjustable | Usually short-term only |
| LLC borrowers | Standard | Varies; some lend only to individuals | Common |
| 5-8 unit buildings | Covered as residential DSCR (1-8 units) | Often treated as commercial | Varies |
| Cash-out refinance | Up to 75% LTV; varies by program on large balances | Varies; often income documents and seasoning rules | Short-term only |
| Handles lead law and older housing in the file | Yes; we review compliance and condition | Varies | Varies; short-term focus |
| Where they lend | All 50 states and DC | Usually a local or regional footprint | Often local or regional |
Massachusetts towns set their own tax rates, and Boston's residential exemption, which reduces the bill substantially, applies only to owner-occupied homes. An investor buying from an owner-occupant in Boston should expect a higher bill. Cambridge, Somerville and other cities have similar owner-occupant exemptions. Budget on the full figure.
The state deed excise is customarily paid by the seller. On Nantucket and Martha's Vineyard, buyers generally also pay a land bank fee of 2% of the purchase price, a significant cost on a high-value home. Confirm all closing costs with your Massachusetts attorney.
This example is illustrative and not a quote. An investor buys a Cambridge three-family for $2,400,000. Each unit rents for $4,600, for $13,800 a month in total. Taxes are budgeted at $1,350 a month without the owner-occupant exemption, and insurance is $520.
At 70% LTV the loan is $1,680,000 and estimated principal and interest on a 30-year term is about $11,318. Add $1,350 in taxes and $520 in insurance, and the monthly payment is about $13,188, for a DSCR of about 1.05x.
At 65% LTV the loan drops to $1,560,000, estimated principal and interest falls to about $10,510, the total payment is about $12,380 and DSCR rises to about 1.11x. The investor brings about $120,000 more to closing. At this balance, max LTV can be lower than our 80% purchase maximum, and it varies by program. Sub-1.0 programs exist where they fit (see /sub-1-dscr-loan.html).
| Item | 70% LTV | 65% LTV |
|---|---|---|
| Loan amount | $1,680,000 | $1,560,000 |
| Estimated principal and interest | $11,318 | $10,510 |
| Property taxes | $1,350 | $1,350 |
| Insurance | $520 | $520 |
| Total monthly payment | $13,188 | $12,380 |
| DSCR at $13,800 rent | About 1.05x | About 1.11x |
Massachusetts has a large stock of two- and three-family homes and small apartment buildings, and our residential DSCR program covers 1 to 8 units. We qualify on combined rents, and max LTV on 5-8 units can be lower and varies by program. Buildings with 9 or more units are commercial loans (see /commercial.html).
The Massachusetts Lead Law requires owners to delead or control lead hazards in homes built before 1978 where a child under six lives. Most triple-deckers predate 1978, so check for a letter of compliance and plan for the cost if one is missing.
Boston restricts short-term rentals largely to owner-occupied units, which rules out most investor-owned whole units. Massachusetts requires STR registration and charges room occupancy excise on short stays, and Cape and island towns add their own rules. Check with the city or town before relying on nightly income.
Most jumbo DSCR loans in Massachusetts are underwritten on 12-month leases. Where STRs are allowed, our programs can qualify on projected revenue on some programs (see /str.html).
Ask each lender these questions and get the answers in writing. On a $1M+ loan, small differences in leverage change how much cash you need.
LendingStreet's answers: up to 80% LTV on a purchase and up to 75% on a cash-out, often lower on 5-8 units and larger balances (varies by program); a 1.0x standard minimum DSCR with sub-1.0 programs available; cash-out seasoning that varies by program; LLC borrowers as standard; and loans from $150,000 with no stated maximum, with jumbo DSCR running about $1.5M to $5M+. We lay out the closing steps with your terms. Use the form below or call (877) 298-1001 to get yours.
Gather these items and get a quote with the form below or call (877) 298-1001.
For most investors with a $1M+ rental, our top pick is LendingStreet: jumbo DSCR from about $1.5M to $5M+, qualification on rent instead of tax returns, LLC borrowing as standard and coverage of 1-8 unit buildings across Massachusetts.
Yes. We finance non-owner-occupied rentals throughout Massachusetts, and we lend in all 50 states and DC.
Yes. Our residential DSCR program covers 1-8 units and qualifies on combined rents with an LLC borrower.
Boston's residential exemption applies only to owner-occupied homes, so investors pay the full bill.
Buyers generally pay a 2% land bank fee on the purchase price. Confirm with your attorney.
It affects compliance and cost on pre-1978 homes where young children live. Plan for deleading if no letter of compliance exists.
Loans start at $150,000 with no stated maximum. Jumbo DSCR runs about $1.5M to $5M+.
No. Our investor loans are business-purpose loans on non-owner-occupied property only. If you or your family will live in the home, it does not fit this program.
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