Your rental property's cash flow can qualify you for a mortgage—no W-2 required. These five lenders make that happen for real estate investors and self-employed borrowers across the US.
The DSCR and Non-QM Lending Landscape
DSCR and Non-QM lending has exploded as real estate investors and self-employed borrowers look beyond traditional bank financing. Instead of relying on personal income or tax returns, these loans qualify based on a property's rental income or alternative documentation like bank statements and CPA-prepared P&L statements. The result? More flexibility, faster closings, and access to capital for scenarios that banks simply won't touch. Whether you're buying a short-term rental, scaling a portfolio, or refinancing an investment property, the right lender can make or break your deal.
How We Evaluated These Lenders
We looked at the same factors for every lender: breadth of loan programs, clarity of pricing and terms, ease of the application process, and how well each serves real estate investors and self-employed borrowers. FC Lending stood out for its transparent rate-shopping model across more than ten wholesale lenders, giving you multiple options without multiple applications. Angel Oak Mortgage Solutions impressed with its deep Non-QM program menu and broker-friendly resources. Easy Street Capital showed strength in short-term rental and fix-and-flip financing with fast turnaround times. Griffin Funding differentiated itself with a broad national footprint and a mix of DSCR, bank statement, and VA loan options. LendingOne earned attention for its focus on rental portfolio financing and build-to-rent strategies. Each lender brings something distinct to the table—your job is to match those strengths to your deal.
Here's a quick look at how these five lenders compare on the factors that matter most to investors and self-employed borrowers.
| Provider | Best For |
|---|---|
| Angel Oak Mortgage Solutions | Investors needing a deep Non-QM program menu |
| FC Lending | DSCR & Non-QM Loans | Rate-shopping across multiple wholesale lenders |
| Easy Street Capital | Fix-and-flip and short-term rental investors |
| Griffin Funding | Borrowers wanting DSCR plus traditional loan options |
| LendingOne | Portfolio investors and build-to-rent strategies |
The 5 Lenders Worth Knowing
#1 Angel Oak Mortgage Solutions
A screenshot of the Angel Oak Mortgage Solutions website.
Angel Oak Mortgage Solutions has built a reputation as a powerhouse in Non-QM lending, and its DSCR loan program is a prime example. You can qualify based on a property's rental analysis—no personal income or employment information required. The lender offers a wide range of programs including bank statement loans, P&L loans, ITIN loans, and foreign national options, making it a one-stop shop for complex scenarios. Its broker resources include calculators, quick quotes, and a dedicated broker intelligence suite. If you're an investor who values program depth and broker support, Angel Oak is a strong contender.
#2 FC Lending | DSCR & Non-QM Loans
A screenshot of the FC Lending | DSCR & Non-QM Loans website.
FC Lending flips the script on mortgage shopping by comparing rates from more than ten wholesale lenders in one go. Instead of applying with a single lender, you get your scenario matched to the lenders where it prices best—no tax returns, no DTI, and no credit pull to start. The platform supports DSCR loans for 1–4 unit and short-term rental properties, plus bank statement and P&L only loans for self-employed borrowers. LLC vesting is welcome, and the site's DSCR calculator lets you run your numbers before you even talk to a loan officer. It's a smart first stop if you want competitive rates without the legwork.
#3 Easy Street Capital
A screenshot of the Easy Street Capital website.
Easy Street Capital is a direct lender that has carved out a niche in fix-and-flip, bridge, and rental loans. Its EasyRent product offers long-term financing for cash-flowing investment properties up to 10 units, including mixed-use and short-term rentals. Rates for EasyRent start at 5.75%, and the lender is known for fast closings—sometimes in as little as 24 hours for bridge loans. If you're a BRRRR investor or a short-term rental operator, Easy Street's product lineup and speed are hard to ignore. The company also offers a referral program for real estate agents and wholesalers.
#4 Griffin Funding
A screenshot of the Griffin Funding website.
Griffin Funding brings a national presence and a diverse loan menu to the table. Alongside DSCR loans, it offers bank statement loans, asset-based loans, 1099 loans, and P&L loans, plus traditional VA and conventional mortgages. The lender is known for its $1,990 fee waiver on your next purchase or refinance after you fund a loan, which can add up to real savings. Its blog and comparison content help you understand how it stacks up against other lenders. If you want a lender that can handle both your investment property and your primary residence, Griffin Funding is worth a look.
#5 LendingOne
A screenshot of the LendingOne website.
LendingOne focuses squarely on real estate investors, with rental loans, bridge loans, fix-and-flip financing, and ground-up construction loans. Its DSCR rental loans and SFR portfolio loans are designed for investors scaling their portfolios, including build-to-rent strategies. The lender offers fixed-rate, non-recourse financing for scattered-site rental portfolios, which is a big plus for experienced investors. LendingOne also provides calculators, market reports, and investor surveys to help you make informed decisions. If you're growing a rental portfolio and want a lender that speaks your language, LendingOne deserves a closer look.
How to Choose the Right DSCR Lender
Start by defining your deal. Are you buying a short-term rental, a long-term rental, or refinancing? Do you need bank statement or P&L documentation? Once you know your scenario, match it to the lenders that specialize in that area. Next, compare rates and terms—but don't stop at the interest rate. Look at origination fees, prepayment penalties, and closing timelines. Finally, consider the application experience. Some lenders let you run a DSCR calculator and get quotes without a credit pull; others require a full application upfront. The right lender for you is the one that fits your deal, your timeline, and your tolerance for paperwork.
Automating Your Loan Shopping Workflow
You can streamline your DSCR loan search by using online calculators to pre-qualify your deal before you talk to a lender. FC Lending's DSCR calculator, for example, lets you enter rent, purchase price, down payment, and expenses to see your ratio instantly. From there, you can submit your scenario to multiple wholesale lenders through a single application. Set up email alerts for rate changes, and keep a spreadsheet comparing loan estimates side by side. Automation won't replace a good loan officer, but it will save you hours of back-and-forth.
The Bottom Line
DSCR and Non-QM lending opens doors that traditional banks keep closed. Whether you're a self-employed borrower without tax returns or an investor scaling a rental portfolio, the five lenders here offer real solutions. FC Lending's multi-lender shopping model gives you a fast way to compare rates, while Angel Oak, Easy Street, Griffin Funding, and LendingOne each bring specialized strengths to the table. Do your homework, run your numbers, and pick the lender that aligns with your next deal. Your rental income is ready to work for you—now it's time to make it count.