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10 Best DSCR Lenders in Vermont

This ranking identifies the ten strongest DSCR lenders available to Vermont real estate investors based on product focus, geographic coverage, and investor alignment. It is designed for landlords, portfolio builders, and rental property buyers who need income-based underwriting rather than personal income verification. Use this guide to identify which lenders best match your Vermont investment strategy, property type, and financing goals.

LoanWise Editorial Team

Isometric Vermont town scene with a rental duplex, community bank, covered bridge, and rolling hills in a soft pastel palette.

Vermont's real estate market presents a distinct set of dynamics for rental property investors. With a relatively small but stable housing inventory, strong seasonal demand in resort corridors, and steady long-term rental demand in communities like Burlington, Montpelier, and Stowe, the state attracts a range of investor profiles — from out-of-state portfolio builders to local landlords expanding their holdings. Financing that reflects the income potential of a property, rather than a borrower's personal tax returns, is increasingly relevant in this market.

Debt Service Coverage Ratio loans — commonly called DSCR loans — have become one of the most widely used tools for real estate investors seeking scalable, income-based mortgage financing. Instead of qualifying based on W-2 income or personal financial statements, DSCR underwriting evaluates whether the rental income generated by the property is sufficient to cover the loan's debt obligations. A DSCR of 1.0 means rental income exactly covers the mortgage payment; most lenders prefer ratios of 1.20 or higher to provide a margin of safety. This structure is especially valuable for self-employed investors, those with complex income, or borrowers managing multiple properties.

The lenders featured in this ranking were evaluated on criteria including:

  • Availability and active presence in Vermont
  • Clarity and depth of DSCR product offerings
  • Loan amount ranges, LTV limits, and rate competitiveness
  • Breadth of investor-focused products beyond standard DSCR
  • Suitability across borrower types, from first-time investors to experienced portfolio operators

Whether you are acquiring a single-family rental in Chittenden County, refinancing a multifamily in the Northeast Kingdom, or building a portfolio of short-term rentals near ski destinations, the right DSCR lender can make a meaningful difference in execution speed, leverage, and long-term scalability.

#1

Kiavi

National investor lender with deep DSCR rental focus

State Coverage

50 states

Typical DSCR Range

1.20-1.30

Term Length

30 years

Loan Amount Range

$100K-$5M

Typical Vermont Rate Range

7.0%-9.5%

Kiavi is one of the clearest DSCR-focused options for Vermont real estate investors, with nationwide rental lending, bridge financing, and a strong reputation in investor-only mortgage products. It is especially useful for borrowers seeking scalable financing for rental portfolios and repeat transactions.
#2

Visio Lending

DSCR specialist for rental property investors

Operating States

41 states

Loan Amount Range

$100K-$5M

Typical Vermont Rate Range

7.0%-9.5%

Product Focus

DSCR rental loans

Visio Lending is highly relevant for Vermont borrowers because its business model centers on DSCR loans underwritten on rental income rather than personal income. It is a strong fit for investors seeking purpose-built long-term financing for 1-4 unit rental properties.
#3

Lima One Capital

Broad investor lender covering bridge and DSCR rentals

Min DSCR

1.25

Max LTV

80%

Typical Vermont Rate Range

7.0%-9.5%

Product Types

DSCR, bridge, fix and flip

Lima One Capital stands out in Vermont for combining DSCR rental loans with fix-and-flip and bridge products, making it attractive to investors who need multiple capital solutions from one platform. Its product breadth is valuable for both hold and rehab-focused strategies.
4
#4

New American Funding

National non-QM lender with Vermont DSCR program

Min Credit Score

620

Recommended Credit Score

700+

Min Down Payment

20%-25%

Minimum DSCR

1.0+

Closing Time

14-30 days

New American Funding is a strong Vermont option because it clearly markets a state-specific DSCR product and pairs national scale with non-QM flexibility. It is attractive to investors seeking no personal income verification and a more mainstream mortgage brand.
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#5

Griffin Funding

Large non-QM lender with broad DSCR menu

Mortgage Licensing

46 states + DC

Operational Footprint

49 states

Federal Approvals

VA-Approved · HUD FHA Non-Supervised

Griffin Funding ranks well for Vermont because it is widely recognized for non-QM and investor lending, including DSCR options for rental properties. It is especially useful for borrowers who want a broader product menu than a single-purpose DSCR shop.
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#6

Angel Oak Mortgage Solutions

Established non-QM lender with DSCR flexibility

Licensing Footprint

Licensed nationally

CFPB Supervision

Yes

Product Focus

DSCR and non-QM loans

Angel Oak Mortgage Solutions is relevant in Vermont due to its national licensing, non-QM reputation, and investor-oriented DSCR offerings. It suits borrowers and brokers looking for more flexible underwriting than standard agency lending.
7
#7

CrossCountry Mortgage

Large retail mortgage lender with DSCR investor options

Minimum DSCR

1.20

Product Types

Fixed and adjustable DSCR loans

CrossCountry Mortgage earns a top-10 spot for Vermont based on scale, broad mortgage capabilities, and an investment-property channel that includes DSCR financing. It can appeal to borrowers who want the infrastructure of a large mortgage platform with investor loan access.
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#8

Easy Street Capital

Private lender for DSCR rentals and bridge deals

Operating States

41 states

Product Types

DSCR and hard money

Easy Street Capital is a solid Vermont choice for investors who want a private lender active in DSCR and hard money style financing. Its mix of rental and short-term capital products is useful for borrowers executing acquisition, renovation, and refinance strategies.
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#9

Burlington Savings Bank

Local Vermont bank for relationship-based rental lending

Minimum DSCR

1.25

Burlington Savings Bank is one of the more credible local Vermont institutions for rental-property borrowers who value in-state banking relationships alongside DSCR-style underwriting. It may be especially attractive to investors preferring community-bank execution over national platforms.
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#10

Constitution Lending

Northeast investor lender for DSCR and flips

Product Types

DSCR and fix and flip loans

Constitution Lending rounds out the list as a regional real estate credit platform with relevance to Vermont investors needing both DSCR and fix-and-flip financing. Its Northeast orientation can be helpful for borrowers wanting an investment lender closer to the Vermont market than many national firms.

●Conclusion

Selecting the right DSCR lender in Vermont requires more than comparing headline rates. The lenders on this list differ significantly in their product depth, minimum DSCR thresholds, loan size flexibility, and the types of investors they are built to serve. A national investor-focused platform may offer streamlined processes and competitive pricing for high-volume borrowers, while a regional or community lender may provide more relationship-driven underwriting that suits borrowers with less conventional profiles.

When evaluating your options, consider the following factors in the context of your Vermont investment strategy:

DSCR requirements and flexibility: Minimum DSCR thresholds on this list range from 1.0 to 1.25. If your target property produces tighter cash flow margins, lenders with lower DSCR floors may expand your qualifying universe — though this often comes with pricing adjustments.

Rate and fee structure: DSCR loans in Vermont are generally priced above conventional agency loans to reflect the non-QM nature of the product. Rate ranges on this list run from approximately 7.0% to 9.5% depending on leverage, credit, and lender type. Origination fees, prepayment penalties, and points can meaningfully affect total cost of capital over a hold period.

Loan amounts and LTV limits: If you are financing higher-value properties or multifamily assets, confirm that a lender's maximum loan amount and LTV tolerance align with your acquisition. Several lenders on this list extend up to $5 million, while others are better suited for standard single-family or small multifamily deals.

Product breadth: Investors executing a buy-renovate-rent strategy or those who may need bridge financing alongside long-term DSCR loans should prioritize lenders with a broader product menu. Having one capital partner that can support multiple phases of a deal reduces friction and relationship overhead.

Lender type and execution style: National platforms tend to offer faster digital processes and standardized terms, while regional or community lenders may offer more flexibility and direct communication. Neither is universally better — it depends on the complexity of your deal and your preferences as a borrower.

We recommend comparing at least two to three lenders from this list before committing to a financing path. Rate quotes are market-sensitive and will vary based on your credit profile, property type, and current conditions in Vermont's lending environment. Aligning with the lender whose structure best matches your investment thesis will serve you better over the long term than optimizing for a single variable like rate alone.

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