In Pennsylvania, a $1M+ rental loan is as likely to be a six-unit Philadelphia building as a Main Line home. Transfer taxes, rental licensing and the age of the housing stock all shape the deal, and the lender has to be comfortable with both property types.
In short: Our top pick for jumbo DSCR in Pennsylvania 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, including 5-8 unit buildings that many lenders treat as commercial. Pennsylvania's realty transfer tax is high in Philadelphia and Pittsburgh, and older buildings carry real insurance and repair costs, so we underwrite the full picture.
LendingStreet finances high-value 1-8 unit rentals in Pennsylvania with jumbo DSCR loans of about $1.5M to $5M+, for purchases, rate-and-term refinances and cash-out refinances. The loan qualifies on the property's rent, not your W-2s or tax returns, and LLC borrowers are standard. 30-year terms are available, and the minimum credit score is 620. Our DSCR loans start at $150,000 with no stated maximum, so an investor can finance a $300,000 rowhome and a $2M building with the same lender.
Who it fits: investors with Philadelphia small multifamily and luxury rowhomes in Rittenhouse, Fitler Square, Society Hill, Fishtown and Northern Liberties, Main Line and Chester County homes, Bucks County properties near New Hope and Doylestown, and Pittsburgh rentals in Shadyside, Squirrel Hill and Sewickley.
Larger balances get a closer review, and max LTV can be lower than our 80% purchase and 75% cash-out maximums (varies by program). The next step is simple: get a quote with the form below or call (877) 298-1001.
Well-known jumbo DSCR lenders include Angel Oak, CoreVest, Dominion Financial, LendingOne, Lima One, New Silver, RCN Capital and Roc Capital. Compared scenario by scenario for investors in Pennsylvania, LendingStreet comes out as the stronger choice, and one application covers it.
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. |
Philadelphia has the deepest pool of $1M+ rental loans in the state. Luxury rowhomes and condos in Rittenhouse, Fitler Square, Society Hill, Old City and Queen Village lease to professionals, while Fishtown, Northern Liberties, Graduate Hospital and University City have newer and renovated 5-8 unit buildings.
The Main Line suburbs (Bryn Mawr, Villanova, Haverford, Gladwyne, Wayne) and Chester County have large homes that rent to relocating families, and Bucks County adds high-value homes around New Hope and Doylestown. In Pittsburgh, Shadyside, Squirrel Hill and Sewickley have the strongest values, with small multifamily near the universities in Oakland.
Most Pennsylvania investors with a large rental end up choosing among a few kinds of lenders: a local bank or credit union, a local hard money lender, a national online DSCR lender or a private individual. Here is how they line up on what matters for a $1M+ long-term rental.
| 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 |
| Comfortable with older housing stock | Yes; we review condition and insurance in the ratio | Varies | Often, for short-term rehab loans |
| Where they lend | All 50 states and DC | Usually a local or regional footprint | Often local or regional |
Pennsylvania charges a 1% state realty transfer tax, and most local jurisdictions add their own, for a typical combined total around 2%, often split between buyer and seller by custom. Philadelphia and Pittsburgh are much higher, with combined rates well above the typical total. Confirm the rate and the split with your title company before you write an offer.
Property taxes combine county, municipal and school district levies, and school taxes are often the largest piece. Philadelphia's homestead exemption and similar programs apply only to a primary residence, so an investor's bill can be higher than the seller's. Budget on the full figure.
This example is illustrative and not a quote. An investor refinances a six-unit Fishtown building valued at $1,600,000. Each unit rents for $2,050, for $12,300 a month in total. Taxes are $1,850 a month, and insurance is $650.
At 70% LTV the loan is $1,120,000 and estimated principal and interest on a 30-year term is about $7,546. Add $1,850 in taxes and $650 in insurance, and the monthly payment is about $10,046, for a DSCR of about 1.22x.
At 65% LTV the loan drops to $1,040,000, estimated principal and interest falls to about $7,007, the total payment is about $9,507 and DSCR rises to about 1.29x. The investor brings about $80,000 more to closing. Max LTV on a 5-8 unit building can be lower than our 75% cash-out maximum, and it varies by program. At the lower loan amount the investor takes less cash out rather than bringing cash to closing.
| Item | 70% LTV | 65% LTV |
|---|---|---|
| Loan amount | $1,120,000 | $1,040,000 |
| Estimated principal and interest | $7,546 | $7,007 |
| Property taxes | $1,850 | $1,850 |
| Insurance | $650 | $650 |
| Total monthly payment | $10,046 | $9,507 |
| DSCR at $12,300 rent | About 1.22x | About 1.29x |
Philadelphia and Pittsburgh have a large stock of converted twins, brownstones and small apartment buildings with five to eight units. Many lenders treat these as commercial, with shorter terms and full financials. Our residential DSCR program covers 1 to 8 units, so these buildings qualify on combined rents with a 30-year option. Buildings with 9 or more units are commercial loans (see /commercial.html).
Philadelphia requires a rental license for each rental property, and most rentals built before 1978 need lead-safe or lead-free certification from a certified inspector. Have the license and certifications ready, since they affect both leasing and closing.
Much of Pennsylvania's rental stock is old. Knob-and-tube wiring, old roofs and aging boilers can raise insurance premiums or limit carriers, which lowers the ratio. Get the quote before you set the loan amount.
In the Poconos, many HOAs and townships regulate short-term rentals, and Philadelphia requires a license for short-term stays. Confirm the rules with the township or city before relying on nightly income.
Before you sign a contract or start a refinance, ask every lender the same questions. Answers on a large balance often differ from what is advertised for smaller loans.
Here is how LendingStreet answers: purchases go up to 80% LTV and cash-out up to 75%, with max LTV that can be lower on 5-8 units and larger balances (varies by program). The standard minimum DSCR is 1.0x, and sub-1.0 programs exist. Cash-out seasoning varies by program. LLC borrowers are standard. DSCR loans start at $150,000 with no stated maximum, and jumbo DSCR covers about $1.5M to $5M+. We walk you through the timeline when we issue terms. To start, get a quote with the form below or call (877) 298-1001.
Gather these items and get a quote with the form below or call (877) 298-1001.
Our top pick is LendingStreet. We offer jumbo DSCR loans of about $1.5M to $5M+ on 1-8 unit rentals in Pennsylvania, qualify on the property's rent with no W-2s or tax returns, lend to LLCs as standard and offer 30-year terms. Get a quote with the form below or call (877) 298-1001.
Yes. LendingStreet lends in all 50 states and DC, including all of Pennsylvania, on business-purpose loans for non-owner-occupied investment property.
The state charges 1%, and most local jurisdictions add their own, for a typical combined total around 2%. Philadelphia and Pittsburgh are higher, so confirm the rate with your title company.
Yes. Our residential DSCR program covers 1-8 units, qualifies on combined rents and offers 30-year terms. Max LTV on 5-8 units varies by program.
Yes. Each rental property needs a rental license, and most pre-1978 rentals need lead-safe or lead-free certification. Have them ready before closing.
Yes. Cash-out goes up to 75% LTV, often lower on large balances, and seasoning varies by program.
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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