A $2 million rental is not just a bigger version of a $300,000 one. The rent has to support a much larger payment, the valuation gets more scrutiny, and many lenders that are comfortable at smaller balances get cautious or drop out. Picking the right lender matters more as the loan grows.
In short: Our top pick for jumbo DSCR loans is LendingStreet. Our DSCR programs have no stated maximum, and our jumbo DSCR program covers about $1.5M to $5M+ for purchases, rate-and-term refinances and cash-out refinances on high-value 1 to 8 unit rentals. Loans qualify on the property's rent with no W-2s or tax returns, LLC borrowers are standard, and we lend in all 50 states and DC. Get a quote with the form below or call (877) 298-1001.
LendingStreet is a business-purpose lender for real estate investors, and large-balance rentals are a natural fit for how we underwrite. We look at the property's rent against the full monthly payment, with a 1.0x standard minimum DSCR, a 620 minimum credit score and 30-year terms available. Sub-1.0 programs exist for high-value homes where rent runs a little below the payment.
Jumbo DSCR loans fit investors buying luxury single-family rentals, high-end condos and townhomes, and 2 to 8 unit buildings in expensive cities. They also fit owners who want to refinance a large rental into long-term debt or pull out equity to fund the next purchase.
Larger balances get more review, and maximum LTV can be lower, so the earlier we see your numbers, the better. Use 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, 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 everyday use, a jumbo DSCR loan is a rental loan large enough that most investors cannot get it from a conventional program. For LendingStreet, that generally means about $1.5M to $5M+, on residential property of 1 to 8 units. Loans between $1M and $1.5M follow the same DSCR approach with similar review.
Buildings with 9 or more units are commercial property, which we finance separately through /commercial.html.
The loan can be a purchase, a rate-and-term refinance, or a cash-out refinance. On every option, the property's rent, not your personal income, is what qualifies the loan.
Investors financing a $1M+ rental usually consider a private bank, a conventional jumbo mortgage, or a hard money lender. Here is how those types generally compare.
| What investors need | LendingStreet | Typical private bank | Typical hard money lender |
|---|---|---|---|
| How the loan qualifies | Property rent (DSCR) | Personal income, assets and relationship | Property value and exit |
| Tax returns | Not required | Usually required | Usually not |
| Term | 30-year options | Often shorter or adjustable | Short-term only |
| LLC borrower | Standard | Varies | Common |
| Loan size | No stated maximum; jumbo about $1.5M to $5M+ | Varies by bank | Varies |
| Deposit or relationship requirement | None stated | Often expected | No |
| Coverage | All 50 states and DC | Usually regional | Often regional |
Three things usually change above $1M. First, maximum LTV is often lower than the 80% purchase and 75% cash-out limits that apply to standard balances, and it varies by program. Second, reserve expectations are often higher. Third, the valuation gets more review, because high-end homes and multi-unit buildings can have fewer close comparable sales and leases.
Rent support matters too. Luxury homes often rent to a thin pool of tenants, so recent signed leases on similar properties are more persuasive than a broad estimate. On 5 to 8 unit buildings, start with a current rent roll and the signed leases.
None of this makes a large loan hard to get. It just means a complete, well-documented file goes much further.
Large-balance rental loans cluster in high-cost markets: coastal California, South Florida and the Gulf Coast, the New York and New Jersey suburbs, the Boston and Washington, DC areas, and the luxury pockets of Texas metros. Mountain and lake resort towns produce large loans too, though local short-term rental rules often decide what works.
In dense cities, 2 to 8 unit buildings regularly cross $1M even when each unit rents at an ordinary level. In those markets, property taxes, insurance and local rent rules shape the ratio as much as the price does, so check each one locally.
This example is illustrative and not a quote. An investor buys a high-value single-family home for $2,400,000 that leases for $15,500 a month. Taxes are budgeted at $2,400 a month and insurance at $650.
At 70% LTV the loan is $1,680,000, with estimated principal and interest of about $11,461. The total payment is about $14,511, for a DSCR of about 1.07x. At 65% LTV the loan is $1,560,000, the payment is about $13,692 and DSCR is about 1.13x. The lower-leverage option needs $120,000 more at closing but leaves more cushion if taxes or insurance rise.
| Item | 70% LTV | 65% LTV |
|---|---|---|
| Loan amount | $1,680,000 | $1,560,000 |
| Estimated principal and interest | $11,461 | $10,642 |
| Property taxes (monthly) | $2,400 | $2,400 |
| Insurance and HOA (monthly) | $650 | $650 |
| Total monthly payment | $14,511 | $13,692 |
| Monthly rent | $15,500 | $15,500 |
| DSCR | About 1.07x | About 1.13x |
Ask each lender the same questions so you can compare real answers.
Maximum LTV on large balances varies by program and is often below our standard limits of 80% on purchase and 75% on cash-out. The standard minimum DSCR is 1.0x, with sub-1.0 programs available. Seasoning for cash-out varies by program, and we will confirm it at the start.
LLC borrowing is standard. We lay out the steps and expected timeline when we issue terms. Our DSCR programs have no stated maximum, and the jumbo program covers about $1.5M to $5M+; on 5 to 8 units, maximum LTV can be lower. If you own five or more rentals, a blanket portfolio loan is another way to finance them together. Get a quote with the form below.
The more complete the file, the cleaner the review.
Our top pick is LendingStreet. We offer jumbo DSCR loans of about $1.5M to $5M+ with no stated maximum on our DSCR programs, qualify on rent with no tax returns, and lend to LLCs in all 50 states and DC.
Yes. We lend in all 50 states and DC on non-owner-occupied 1 to 8 unit rentals.
Our DSCR programs have no stated maximum. Larger balances get more review and are priced case by case, and maximum LTV can be lower.
Yes. Cash-out is available on high-value rentals. Maximum LTV on large balances varies by program, and seasoning requirements vary too.
Yes. Buildings of 5 to 8 units are financed as residential, with maximum LTV that varies by program. Buildings of 9 or more units are commercial.
No. DSCR loans qualify on the property's rent. Expect more review of the valuation, rent support and reserves on large balances.
Lower leverage often fixes it. Sub-1.0 DSCR programs also exist for some properties.
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