Our specialty
Small-Balance DSCR
30-year rental loans for the lower-priced homes that other lenders turn down.
- Loans $50,000–$74,999
- Home value $75,000+
- Qualify on rent, not income
Rental · DSCR Rental
Long-term rental loans that qualify on rent.
Financing for single rentals and portfolios, with no tax returns or W-2s. Close in your LLC and grow without a cap on the number of properties.
What you can use it for
- Purchase
- Rate/term refinance
- Cash-out refinance
- Portfolio refinance
- Short-term rental
Built for investors
Our DSCR rental loans are underwritten on the property's cash flow. There is no personal income verification, you can close in an entity, and there is no limit on the number of properties you own.
Single property or portfolio
Finance one rental at a time, or roll several properties into one portfolio loan with a single payment.
Smaller loan?
If your loan is under $75,000, see our Small-Balance DSCR program.
Common questions
How soon can I do a cash-out refinance after buying?
Timing depends on the property and the program. In most cases the property needs to be owned for a period of time and rented before a cash-out refinance. Call us with your dates and we will tell you where you stand.
Is there a prepayment penalty?
Most DSCR loans carry a step-down prepayment penalty. Your conditional approval shows the exact structure before you lock.
Other programs
More ways to fund your deal
Short-term
Fix & Flip
Purchase and renovation funds in one loan, funded from our own capital.
- 80% of purchase price
- 100% of rehab
- Up to 70% of ARV
Alabama only
Tax Deed Rehab
We fund the renovation and the quiet title on Alabama tax deed properties.
- Rehab funds + title clearing
- Quiet title escrow at closing
- You must already hold the deed
Short-term
Bridge
Close quickly now, then stabilize or refinance into a DSCR loan.
- Interest-only payments
- Purchase or refinance
- Rental, BRRRR, short-term rental
“Simple Funding was able to fund my deal when no one else could! Highly recommend.”
“I was able to fund my tax deed rehab and clear the title – these guys are experts in their field.”
Current borrowers
Manage your loan
Make a payment, request a draw or get a payoff statement. No phone call needed.