Our guide compares the five best DSCR lenders in Georgia based on closing speeds, interest rates, LTV, and reliability.
Debt-service coverage ratio or DSCR is a metric that divides a property's rental income by its debt obligations (mortgage payments, taxes, HOA, and insurance). For example, if a single-family home rents for $1,300 per month, and its monthly expenses are $1,000, the property's DSCR would be 1.3.
DSCR loans are loan products underwritten on a property's DSCR, in other words, its ability to pay its monthly obligations using its rental income.
Generally speaking, DSCR lenders prefer a property that has a DSCR of 1.0 or more, as this signifies that the rental income can pay all debt obligations — the borrower doesn't have to pay out of pocket. However, with rising interest rates, Constitution Lending lowered the minimum DSCR to just 0.75.
Unlike conventional banks, DSCR lenders don't consider a borrower's income, debt-to-income (DTI) ratio, or employment history.
Borrowers don't have to submit pay stubs, bank statements, or tax returns. The loan decision is made exclusively on the property's financials.
This makes DSCR loans a good option for self-employed borrowers with sizable portfolios and high DTI ratios who want to grow their portfolio but are limited by traditional lending requirements.
Given these benefits, we still recommend that borrowers evaluate a DSCR lender's quality before partnering. We’ve learned that most lenders are slow and unreliable, which can cause borrowers to miss out on lucrative deals. Here's how you can determine a lender's quality:
This guide covers the five best DSCR lenders in Georgia. To start, we review our lending process and how it enables us to close quicker and more reliably than most DSCR lenders.
We also touch on a few Georgia alternatives, such as Griffin Funding, Visio Lending, Easy Street Capital, and RCN Capital, so you can evaluate their lending processes and compare them to the criteria above.
Generate an instant quote with our DSCR loan pricer and see what interest rates and LTV you qualify for.
Constitution Lending is a private DSCR lender for borrowers in Georgia and several other U.S. states.
Before we founded Constitution Lending, we were real estate investors and struggled with a lot of bad DSCR lenders. Most would assure us on the phone that they can close within 7 to 14 days, but their poor application process almost always meant closing took 40 days or more.
Additionally, lenders would review our documents and say we could easily qualify, just to return a few days before closing with a rejection letter.
We founded Constitution Lending because of these first-hand frustrations. We emphasized closing quickly and providing borrowers with a clear yes or no as soon as they submit documents.
We can do this with our automated DSCR pricer and online documents portal, as well as being a direct lender.
Here’s what borrowers say about our lending practices:
We can close faster than most DSCR lenders due to our DSCR pricer and documents portal.
Borrowers can generate an instant quote using our DSCR pricer and see what interest rates, maximum LTV, and buydowns they qualify for. All they need to do is provide basic details about the property they wish to purchase, including its purchase price, location, and net operating income (NOI).
If borrowers see a quote they’d like to apply for, they can click on it, enter their name and email address, and download an approval letter and term sheet. They’ll also receive a link to our documents portal, which details all required documents and allows them to submit everything at once.
This entire process takes less than an hour. With other lenders, you must wait for a loan officer’s call, answer countless questions, and submit documents in batches, which often take several days.
Once the borrower has submitted all the necessary documents through our portal, we’ll immediately notify them whether they qualify and close the loan within seven days.
Constitution Lending is a direct lender, meaning we lend you our capital; we aren’t connecting you with another lender like a broker.
Because we are the decision-makers on your loan and creating the lending requirements, we know if you qualify after you submit paperwork through our platform. We inform you of your eligibility within hours of receiving your documents. There’s little chance of last-minute drama you get with loan brokers.
Contrast this process to that of a loan broker. Loan brokers don’t fund your loan — they act as intermediaries between you and a lender. Because they work with several different lenders, they sometimes don’t know what requirements you must meet.
They have to send your application to the actual lender and ask them to underwrite it before getting back to you with an answer. If the lender uncovers a problem near the closing date, it leads to those frustrating last-minute rejections.
Constitution Lending has originated over $200MM of DSCR loans as well as fix and flip and bridge loans in Georgia and other states across the U.S.
This strategy has positioned us as the preferred lending partner for real estate investors, with over 90% of borrowers returning for multiple mortgage loans, many closing 5 to 10 deals annually — evidence that experienced investors trust our speed, reliability, and competitive terms.
We have a network of borrowers in cities like Atlanta, Savannah, Athens, and other locations across Georgia.
If you're looking for a lender that can support your long-term growth, use our DSCR loan pricer to get an instant quote.
Griffin Funding is a mortgage and home loan lender that specializes in providing loan products to professional real estate investors. They offer 30-year and 10-year DSCR loans. Borrowers can also qualify for fix-and-flip loans, asset-based loans, bridge loans, FHA loans, and home equity loans.
This makes Griffin Funding an option for borrowers looking to expand their real estate portfolios but don’t meet the strict requirements of large banks.
However, keep in mind that Griffin Funding doesn’t offer an online pricer or documents portal; you must book a call with a loan officer for a quote, affecting your ability to close quickly.
To begin the application process, complete the online contact form on Griffin Funding’s website. You’ll have to enter your full name, email address, and contact details. A loan officer will follow up within a few days to guide you through the next steps.
Visio Lending is a hard money lender offering financing options to real estate investors in Georgia. In addition to traditional loans, they also provide short-term rental loans, making them a good choice for those looking to purchase and rent out Airbnb properties.
Visio Lending also provides commercial loans, hard money loans, and refinancing solutions. These are well-suited for investors seeking to renovate and resell properties or secure interim funding between transactions.
Like Griffin Funding, borrowers cannot generate instant quotes because Visio Lending doesn’t offer an automated pricer.
To apply, submit an application through Visio Lending’s website. A loan officer will contact you to discuss the specifics of your deal and provide an initial estimate. Afterward, they’ll ask you to share supporting documents before proceeding to close.
Easy Street Capital is a non-QM lender focused on providing real estate investors with flexible financing options, particularly for those with non-W2 income and high DTI ratios. Their EasyRent DSCR loan program allows borrowers to secure funding based solely on the property's rental income potential, removing the need for personal financial evaluation.
That said, we’re unsure how quickly Easy Street Capital can fund loans because borrowers must wait for a call from a loan officer to get a quote.
To get started, request a term sheet on the Easy Street Capital website. Provide basic details about the deal, such as the loan amount, estimated property value, anticipated rental income, and location. A loan officer will reach out to guide you through the next steps.
RCN Capital is a nationwide private money lender based in Connecticut, offering a variety of real estate financing programs across 45 states, including Georgia.
Since its establishment in 2010, RCN Capital has helped hundreds of investors secure funding for real estate projects through its flexible, common-sense underwriting approach, making exceptions to support strong real estate investment opportunities.
Borrowers can qualify for:
While RCN tries to close quickly, remember that they don’t offer an automated pricer or anything to speed up the application process.
To qualify for a DSCR loan with RCN, complete the application form on the RCN Capital website. A loan officer will call you to discuss your deal and guide you through the process.
Use our DSCR loan pricer to generate a quote detailing the interest rates, LTV, monthly payments, and buydowns you qualify for.
Related reads:
| Qualification | Requirement |
|---|---|
| Minimum and maximum loan amount | $150,000 to $3,000,000 |
| Type of property | Non-owner occupied single-family, multi-family, and 5-8 unit properties |