Pittsburgh DSCR Loan Lenders for Long-Term Rental Homes
Are you seeking long-term private financing for a residential rental property in Pittsburgh? 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 Pittsburgh’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.Searching...
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RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Griffin Funding
DSCR Long-Term Rental Loans for Residential Investment Properties
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Pimlico Capital
Direct Lender for Real Estate Investors | Established in 2016
ZINC Financial
Direct Lender for Real Estate Investors. Established in 2006.
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Residential Capital Partners
100% Financing for Residential Rehab Projects (NO Money Down)
LendingOne
Rental, Fix & Flip, Construction & Bridge Loans Nationwide
Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT!
i Fund Cities
Great F#*%ing Loans, Built By Investors For Investors
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Center Street Lending
Smarter Loans for Residential Investors
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Pennsylvania DSCR Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Pennsylvania DSCR long-term rental loans in the 1st quarter of 2024 was 8.32%. The average loan amount was $192,602. These stats are the average of 389 loans funded for residential rental properties in Pennsylvania between January 1, 2024 and March 31, 2024 by multiple lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
