Reno DSCR Long-Term Rental Lenders
Are you seeking long-term private financing for a residential rental property in Reno? On this page you'll find a list of lenders that offer these “DSCR” loans for single family homes, condos, and 2-4 unit rental properties in Reno’s urban areas. Some lenders consider vacation rentals (aka short-term rental or STR). The maximum loan-to-value is 80%. For a purchase, investors need a minimum down payment of 20%, and it could be higher depending on the debt service coverage ratio (DSCR), borrower’s credit score and location. The minimum credit score is 680 for most lenders. The loan terms range from 5 to 30 years.Displaying 0 Results
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Lima One Capital
The Nation's Premier Lender for Real Estate Investors
$75,000 - $20,000,000
13 to 360 months
7.20% - 12.10%
0.25% - 2.50%
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
$100,000 - $3,000,000
12 to 360 months
Griffin Funding
DSCR Long-Term Rental Loans for Residential Investment Properties
$100,000 - $5,000,000
360 to 360 months
1.00% - 3.00%
Nevada DSCR Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Nevada DSCR long-term rental loans in the 1st quarter of 2024 was 7.93%. The average loan amount was $325,693. These stats are the average of 10 loans funded for residential rental properties in Nevada between January 1, 2024 and March 31, 2024 by multiple lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
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