No W-2. No Tax Returns.
Philadelphia real estate investors: finance rental properties using the property's income — not your personal income. 30-year fixed terms. 620+ credit. LLC borrowing. Close in 14-21 days.
Check My Philadelphia Rate →The economy runs on the University of Pennsylvania and Penn Medicine, Jefferson and Temple health systems, Comcast, the federal government, and the ports and refineries. The rental stock is the largest rowhouse stock in the country, overwhelmingly pre-1940, at a basis that varies sharply by neighborhood.
Pennsylvania is judicial and slow to foreclose. Philadelphia's transfer tax is among the highest of any major US city and belongs in the cash-to-close figure. The city requires a rental license and a Certificate of Rental Suitability before a lease is enforceable. The metro spans into New Jersey and Delaware — Camden and Wilmington are different states with different law.
Because the tax line is the swing factor here, run the DSCR with the actual current bill and the reassessed figure after purchase — in Philadelphia they are frequently not the same number, and the lender will use the higher one.
The metro straddles jurisdictions. Which side of the line the property sits on changes the foreclosure regime, the tax structure and sometimes the tenant law — underwrite the address, not the metro.
Also see: Pittsburgh, PA →Allentown, PA →Fix & Flip Loans in Philadelphia →Harrisburg, PA →Scranton, PA →
DSCR rental loans in Philadelphia qualify based on the property's rental income, not your W-2 or tax returns. Min credit 620, max 80% LTV purchase / 75% cash-out, 30-year fixed terms, LLC borrowing allowed, close in 14-21 days.
LendingStreet has structured $4.36B+ across 8,196 deals nationwide. NMLS #1734316 · 30+ capital sources · 50 states.
Philadelphia offers some of the strongest rental yields among major US metros (9%+ gross), making it a top BRRRR and cash-flow market for serious investors. Low entry prices allow building portfolios quickly.
Gentrifying submarket with strong rent growth and BRRRR activity
Premium rental market favored by young professionals
High-yield investor submarket with cash-flow opportunities
Rapidly appreciating market with strong rental demand
University-adjacent rental market with consistent occupancy
We also fund investments throughout the greater Philadelphia metro including Cherry Hill, King of Prussia, Conshohocken, and the Main Line.
Illustrative examples of structures we finance — not specific funded loans. Terms depend on the borrower, property and capital source.
Borrower names and exact addresses anonymized for privacy. Rates and terms reflect actual closed deals through LendingStreet's network of 30+ capital sources.
From our loan records, all products. Borrower names and addresses withheld.
Source: LendingStreet loan records (Pipedrive), September 30, 2026. Borrower names and property addresses withheld; loan amounts shown as recorded. Terms are set by the capital source and vary by borrower, property and program.
How the numbers work: see a worked DSCR calculation or run your own in the DSCR calculator.
Yes. DSCR loans qualify based on the Philadelphia rental property's projected income — not your personal income. No W-2, no tax returns required.
Most Philadelphia DSCR programs through our capital sources start at a 620 credit score. Higher scores improve leverage and pricing.
Most lenders require a minimum DSCR of 1.00x. Better pricing kicks in at 1.20x+. Philadelphia rental yields average 9.2% making this achievable in most submarkets.
Yes. LendingStreet DSCR loans in Philadelphia allow borrowing in an LLC with a personal guarantee.
Philadelphia DSCR loans typically close in 14-21 days from complete application. Well-prepared borrowers can close in 10-14 days.
Yes. STR-specific DSCR programs qualify based on projected short-term rental revenue. Some Philadelphia areas have STR restrictions — verify local rules.
DSCR loans in Philadelphia start at $150K with no maximum loan amount — larger loans are placed with jumbo DSCR sources in our network.
Yes. Rate-and-term refis and cash-out refis are available on Philadelphia rentals. Cash-out caps at 70-75% LTV.
Almost always the tax line. The lender uses the reassessed bill after purchase, which is often higher than the seller's current bill.
Yes. Different jurisdictions carry different foreclosure regimes, tax structures and sometimes tenant law. We underwrite the address.
It affects the lender's side. A faster recovery timeline widens the pool of sources comfortable writing there; a slower one makes some conservative on leverage.
No credit pull. No commitment. Speak with a licensed financing company that knows the Pennsylvania investor market.
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