Tennessee's large rentals range from Franklin executive homes to Smoky Mountain cabins and small Nashville apartment buildings. Each one needs a lender that can size a $1M+ loan to the rent. Here is how to compare your options and why LendingStreet is where we would start.
In short: LendingStreet is our top pick for jumbo DSCR loans in Tennessee. We qualify high-value 1-8 unit rentals on the property's rent, with no W-2s or tax returns, and our jumbo DSCR loans run from about $1.5M to $5M+ with 30-year terms available. LLC borrowers are standard and we lend in every Tennessee county. Large balances get extra review and max LTV varies by program, so ask for a quote on your exact property.
When a Tennessee rental loan crosses $1M, our top pick is LendingStreet. Our DSCR program starts at $150,000 with no stated maximum, and our jumbo DSCR loans run from about $1.5M to $5M+ for purchase, rate-and-term and cash-out refinance on high-value 1-8 unit rentals. That covers a Green Hills home, a Franklin executive rental, a Smoky Mountain cabin and a 6-unit building in East Nashville.
We qualify the loan on the property's rent instead of your income, so there are no W-2s or tax returns. LLC borrowers are standard, 30-year terms are available and the minimum credit score is 620. Leverage reaches 80% LTV on purchases and 75% on cash-out, and it varies by program on larger balances and 5-8 units.
This works well for Tennessee investors who have outgrown a local bank's limits, for out-of-state buyers who invest through an LLC, and for owners refinancing several years of appreciation. Get a quote 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 Tennessee, 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. |
Tennessee's $1M+ rental files cluster in a few places, each with a different rent story.
This comparison uses lender types, not names, and describes the others in general terms.
| Question | LendingStreet | Local bank or credit union | Private individual lender |
|---|---|---|---|
| How is the loan qualified? | On the property's rent (DSCR) | Usually on your income and tax returns | Varies, often on equity |
| How large can it go? | No stated maximum; jumbo about $1.5M to $5M+ | Varies; may cap investor loans | Varies by person |
| Can I close in my LLC? | Yes, standard | Sometimes | Usually |
| How long is the term? | 30-year terms available | Often shorter or balloon terms | Usually short term |
| Does it cover 5-8 units? | Yes, on some programs | Varies | Varies |
| Where do you lend? | All 50 states and DC | Often in-market only | Usually local |
This example is illustrative and not a quote. An investor buys a 6-unit building in East Nashville for $1,800,000. Each unit leases for $2,050 a month, so gross rent is $12,300. The investor finances 70%, a loan of $1,260,000 on a 30-year term.
Dividing $12,300 of rent by $10,233 of total payment gives a DSCR of about 1.20x, comfortably above the 1.0x standard minimum. On a 5-8 unit building, expect us to review each lease and the full rent roll.
| Item | Amount |
|---|---|
| Purchase price | $1,800,000 |
| Loan amount (70%) | $1,260,000 |
| Estimated principal and interest | $8,383 per month |
| Property taxes (estimate) | $1,200 per month |
| Insurance (estimate) | $650 per month |
| Total monthly payment | $10,233 |
| Gross rent (6 x $2,050) | $12,300 |
| DSCR | About 1.20x |
Tennessee charges a transfer tax on deeds and a separate recording tax on new mortgages, so on a large loan those two lines are worth budgeting early. They are based on the price and the loan amount, so the bigger the deal, the bigger the check at closing. Your title company will give exact figures.
Residential property is assessed at a fraction of appraised value, set by the state's assessment ratio, and then each county and city applies its own rate. Davidson County, Williamson County and the Smoky Mountain counties all bill differently, and reappraisal years can move the number. Confirm the current bill with the county assessor or trustee. Insurance on cabins and hillside homes depends on access, wildfire exposure and slope, so get a quote before you sign.
Nashville restricts non-owner-occupied short-term rental permits in many residential zones, so a large Nashville home in a single-family neighborhood generally should be underwritten as a long-term rental. Non-owner-occupied permits are more often possible in certain mixed-use and commercial zones. Check with Metro Codes before you rely on nightly income.
Sevier County has long been one of the state's main short-term rental markets, and on some programs a cabin there can qualify on projected short-term rental revenue instead of a lease. Local permits, occupancy taxes and HOA rules still apply, so confirm them with the city or county.
Larger balances get more review, and max LTV can be lower, so it varies by program. Larger loans usually need a full valuation, and the valuation's market rent sets the DSCR. Nine or more units is commercial financing, covered at /commercial.html.
Use this short checklist when you compare lenders:
With us, purchase leverage reaches 80% and cash-out 75%, varying by program on large balances and 5-8 units. The standard DSCR minimum is 1.0x, and sub-1.0 programs exist. Cash-out seasoning varies by program. LLC borrowing is standard. We set expectations on documents and timing at the start, and our DSCR program has no stated maximum.
Ready to see numbers on your Tennessee property? Get a quote with the form below or call (877) 298-1001.
Our top pick is LendingStreet, because we qualify large 1-8 unit rentals on rent with no tax returns, offer jumbo DSCR loans of about $1.5M to $5M+ with 30-year terms, and lend to LLCs across the state.
Yes. We lend throughout Tennessee, including Nashville, Franklin, Knoxville, Chattanooga, Memphis and the Smoky Mountain counties, and in all 50 states and DC.
Often not in residential zones, because Nashville restricts non-owner-occupied short-term rental permits there. Check the zoning and permit status with Metro Codes first.
On some programs it can qualify on projected short-term rental revenue. Local permits, occupancy taxes and any HOA rules still have to work.
Tennessee has a transfer tax on the deed and a recording tax on the new mortgage. Ask your title company for exact figures on your price and loan amount.
With us, 1-8 units is residential, so a 6-unit building can use a DSCR loan on some programs. Nine or more units is commercial.
Yes. Cash-out goes up to 75% LTV, with lower limits on some large balances, and seasoning varies by program. The current rent has to support the new payment.
The minimum credit score for our DSCR loans is 620. Stronger credit and reserves help on larger balances.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
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