No W-2. No Tax Returns.
Raleigh 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 Raleigh Rate →The economy runs on the Research Triangle Park, Duke, UNC and NC State, WakeMed, UNC Health and Duke Health, and the state government. The rental stock is pre-war bungalows in the Raleigh and Durham historic neighborhoods, post-war ranches across Wake and Durham counties, and large-scale new construction in the suburbs.
North Carolina is non-judicial with a clean process. Durham runs at a lower basis than Raleigh with Duke and RTP as anchors and a more active rehab pipeline in the older neighborhoods; Cary and Wake Forest bring newer suburban stock; Chapel Hill is university-driven with strict rental rules. Wake County reassessment has moved the tax line.
Because the tax line is the swing factor here, run the DSCR with the actual current bill and the reassessed figure after purchase — in Raleigh they are frequently not the same number, and the lender will use the higher one.
Also see: Charlotte, NC →Greenville, NC →Fix & Flip Loans in Raleigh →Asheville, NC →Fayetteville, NC →Greensboro, NC →Wilmington, NC →
DSCR rental loans in Raleigh 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.
The Research Triangle (Raleigh, Durham, Chapel Hill) is home to Duke, UNC, NC State plus the Research Triangle Park (largest research park in the US). Apple's $1B campus and major life sciences companies (Biogen, Lenovo, Cisco) provide constant high-income rental demand. Higher entry prices than Charlotte but stronger appreciation.
We finance rentals and projects throughout the metro. The loan is underwritten on the property, its rent or after-repair value and your experience — not on the neighborhood name.
We also fund investments throughout the greater Raleigh metro including Cary, Apex, Morrisville, Wake Forest, and Durham.
Illustrative examples of structures we finance — not specific funded loans. Terms depend on the borrower, property and capital source.
Raleigh rental properties typically need a DSCR of 1.10x to 1.25x to qualify. Higher DSCR unlocks better pricing. Properties in Cary often qualify easily on gross rent alone.
Raleigh markets favor SFR, 2-4 unit multifamily, and small apartment buildings. Some lenders impose condo restrictions. STRs require DSCR programs that accept projected revenue.
All LendingStreet DSCR programs in Raleigh allow LLC borrowing with personal guarantees. Standard for asset protection.
Raleigh's 5.6% YoY appreciation makes cash-out refinancing attractive. Typical caps: 70-75% LTV. Use equity to acquire more Raleigh properties.
How the numbers work: see a worked DSCR calculation or run your own in the DSCR calculator.
Yes. DSCR loans qualify based on the Raleigh rental property's projected income — not your personal income. No W-2, no tax returns required.
Most Raleigh 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+. Raleigh rental yields average 5.8% making 1.20x achievable in most submarkets.
Yes. LendingStreet DSCR loans in Raleigh allow borrowing in an LLC with a personal guarantee.
Raleigh 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 Raleigh areas have STR restrictions — verify local rules.
DSCR loans in Raleigh 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 Raleigh 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.
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.
We finance rentals across the full Raleigh metro, including Durham, Cary, Chapel Hill, Garner, Knightdale and Wake Forest. The submarkets are not interchangeable:
Durham runs at a lower basis than Raleigh with Duke and the Research Triangle Park as anchors and a more active rehab pipeline in the older neighborhoods; Cary and Wake Forest bring newer suburban stock; Chapel Hill is university-driven with strict rental rules. North Carolina is non-judicial with a clean process.
Whichever submarket the property sits in, the ratio is underwritten the same way — run it in the DSCR calculator with the actual local tax and insurance figures first.
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