Refinance your rental out of a high rate or hard money loan
A DSCR refinance qualifies on your rent, not your tax returns. Lower your payment, pull cash out, or pay off a hard money loan. About 60 seconds, no credit pull.
Qualify on the property's rental income
No tax returns, W-2s, or pay stubs
No seasoning requirement
Close in an LLC or your personal name
No hard credit pullAbout 60 secondsTalk to a real loan officer
6.375%*Rates from
80%Max LTV, rate & term
75%Max LTV, cash-out
~30 daysTypical close
$50K–$3MLoan amounts
Is it a fit?
Credit score 680 or higher
6 months of reserves
Existing 1–4 unit rentals: single-family, condo, townhome, or 2–4 units, not owner-occupied
No seasoning requirement. Just bought or just finished a rehab? You can still apply.
Several rentals? Blanket loans are available.
Not eligible: mobile or manufactured homes, properties still under construction, and buildings with 5 or more units.
See what a refinance could do
Estimate your cash out, new payment, and DSCR in a few seconds.
Three ways investors use a DSCR refinance
Lower your payment
Replace a high-rate loan with a 30-year, 40-year, or interest-only DSCR loan.
Pull cash out for the next deal
Take out up to 75% of the value without selling, and use it to buy or fix up your next rental.
Get out of hard money
Finished the rehab? Pay off the short-term loan and hold the property long term.
You'll talk to Didio, not a call center
Didio Medeiros
Co-founder
More than ten years in lending, at major banks and top brokerages, before starting The Lending Market. Known for finding a way to get tricky investor deals closed.
Rafik Issabeigi
Co-founder
More than 20 years in the mortgage business, focused on doing things straight and keeping the process simple.
Not listed? We lend in other states case by case. Call (888) 222-9607.
Common questions
How much cash can I take out?
Up to 75% of the appraised value, minus what you owe today. The quiz above gives you a rough number.
How long do I need to own the property?
There's no seasoning requirement, so you can apply even if you bought or finished the rehab recently.
Can this pay off my hard money loan?
Yes, once the property is finished and rentable. A DSCR refinance replaces the short-term loan with a long-term one.
Do I need tax returns or pay stubs?
No. A DSCR loan qualifies on the property's rent compared with its monthly payment.
Will this hurt my credit?
No. The questions above don't pull credit. We only pull credit later, with your OK.
What's the difference between rate & term and cash-out?
A rate & term refinance replaces your current loan to change the rate, payment, or term, up to 80% of the value. A cash-out refinance also puts money in your pocket, up to 75% of the value.
Can I refinance a short-term rental?
Often, yes. Short-term rentals are reviewed case by case. Tell us about the property and we'll check which programs fit.
