Stamford sits in one of the highest-priced housing markets in the country, a Metro-North ride from Manhattan. Jumbo balances are routine here, on Shippan waterfront homes, North Stamford colonials and multi-unit buildings near downtown.
In short: LendingStreet offers jumbo DSCR loans, about $1.5M to $5M+, on 1-8 unit rentals in Stamford, Greenwich, Darien, New Canaan and Norwalk, qualified on rent rather than tax returns. Jumbo deals here include 5-8 unit buildings in Glenbrook, Springdale and the downtown fringe, waterfront homes in Shippan, and large single-family homes leased to corporate tenants. Town mill rates, coastal flood zones and the tenant's right to go to a fair rent commission are the local items to check.
Downtown Stamford and the South End have newer apartment towers and older multi-family houses close to the train station and corporate offices. Glenbrook and Springdale, along the New Canaan branch line, have two- to four-family houses and small apartment buildings.
Shippan, on a peninsula into Long Island Sound, has waterfront homes, and North Stamford has larger lots and colonials. Greenwich, Darien and New Canaan carry some of the highest values in the state, and Norwalk's Rowayton and SoNo areas add more options.
| Area type | Examples | What a jumbo loan usually covers | Check first |
|---|---|---|---|
| Downtown and South End | Downtown, South End, West Side | Multi-family houses, 5-8 unit buildings | Parking, zoning, flood maps |
| Train-line neighborhoods | Glenbrook, Springdale | 2-8 unit buildings near stations | Older systems, unit legality |
| Waterfront and estates | Shippan, North Stamford, Greenwich, Darien | Corporate and executive home leases | Flood insurance, rent support |
Single-family homes above $2M in lower Fairfield County often rent for a small share of their value each month, so the ratio at full leverage is frequently under 1.0x. Multi-unit buildings near the train usually pencil better, which is why many jumbo DSCR loans here are on 5-8 unit properties.
Corporate relocation leases are common in Stamford and Greenwich, and many run 12 to 24 months. A signed lease with a strong tenant supports the appraiser's rent, though lenders still use market rent as a check.
Connecticut towns tax property using a mill rate applied to 70% of appraised value, and each town sets its own. Greenwich's mill rate is low, Stamford's is higher, and Norwalk is different again, so similar homes in neighboring towns can carry very different bills. Towns revalue at least every five years.
Connecticut charges a state conveyance tax that rises in tiers with price, plus a municipal share. It is customarily paid by the seller, but it affects negotiations on large purchases. Your closing attorney can confirm the amount and who pays it.
This example is illustrative and not a quote. An investor buys a six-unit building in Glenbrook, a short walk from the train, for $2,400,000. The units rent for a combined $18,000 a month. Stamford taxes are budgeted at $3,600 a month and insurance at $1,000.
The loan works out to $1,680,000 at 70% LTV, with estimated principal and interest of about $11,177. With $3,600 in taxes and $1,000 in insurance, the full monthly payment is about $15,777. Against $18,000 of combined monthly rent, DSCR is about 1.14x.
The same balance on a single Shippan home would usually need a much larger down payment to reach the 1.0x standard.
| Line item | Six-unit purchase |
|---|---|
| Value | $2,400,000 |
| Loan-to-value | 70% |
| Loan amount | $1,680,000 |
| Estimated principal and interest | $11,177 |
| Property taxes | $3,600 |
| Insurance | $1,000 |
| Total monthly payment | $15,777 |
| Combined monthly rent | $18,000 |
| DSCR | About 1.14x |
Shippan, the Cove and other low-lying areas along Long Island Sound sit in mapped flood zones, and storms like Sandy in 2012 flooded parts of the shoreline. Flood insurance on a waterfront home can be a large monthly cost, so get a quote and elevation certificate early.
Connecticut requires larger towns to have a fair rent commission, where tenants can challenge rent increases they consider excessive. Stamford has one. Build realistic increases into your projections, and keep units in good repair, since conditions are part of what a commission reviews.
A jumbo DSCR file in the Stamford area is still a rent-based loan. There is no stated maximum, no tax returns, a 620 credit floor and LLC ownership is normal. Expect closer attention to the appraisal, the rent support and your liquidity, because one large property carries more risk than a small one.
In practice that means leverage that can sit below the program maximums, more months of reserves, and sometimes a second valuation. These limits vary by program. If the ratio comes in under 1.0x at the leverage you want, a sub-1.0 DSCR program or a lower loan amount are the usual fixes. Pricing on large balances is set case by case, after the appraisal and rent review.
Sometimes splitting the debt works better. Separate DSCR loans on each property keep each one independent, while a blanket loan on five or more Stamford rentals gives one payment and one closing, with release clauses so you can sell a property without refinancing the rest.
For a single large rental you already own, compare a cash-out refinance, capped at 75% LTV on standard programs, with a rate-and-term refinance. Each changes the payment, and the payment is what drives the ratio. Run both through the DSCR calculator before you choose.
Lenders move faster on jumbo files that arrive complete. Pull these together before you request terms:
Get a quote through the form below or call (877) 298-1001. We size the loan at more than one LTV so you can see the tradeoff between cash in and coverage. Our investor loans are business-purpose loans on non-owner-occupied property. Our Connecticut jumbo DSCR page covers the statewide picture.
The town applies its mill rate to 70% of appraised value. Mill rates vary widely across Fairfield County towns, so compare the actual bill, not just the price.
It is customarily paid by the seller, with a state portion that rises in tiers and a municipal portion. Confirm with your closing attorney.
A local board where tenants can challenge rent increases or conditions. Stamford has one, so plan increases you can justify.
Yes. We finance 1-8 unit rentals across lower Fairfield County. Greenwich's lower mill rate can help the ratio on high-value homes.
Yes. Cash-out goes up to 75% LTV on standard programs, often lower on large balances, and the rent must cover the new payment. Seasoning varies by program, and some programs cap the loan at cost plus documented improvements early on.
No. A DSCR loan qualifies on the property's rent compared with the full monthly payment. You need a credit score of 620 or higher, reserves and entity documents if you buy in an LLC. Lenders also review the appraisal and rent support closely on large balances.
Yes. LLC borrowers are standard. You will usually sign for the loan personally as well, and the lender will review the operating agreement and ownership. Multi-member LLCs may need each major owner to sign.
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