Best DSCR Loan Lender 2026: Forensic Comparison of Visio, Kiavi, Lima One, LendingOne, Roc360, Easy Street, Velocity, Angel Oak

Why this pillar exists

The top organic results for "best dscr loan lender 2026" on Google as of May 2026 are aggregator-affiliate "lender" sites (Defy Mortgage, theLender, HonestCasa, DSCR Finder, Griffin Funding) that sell leads to brokers. Their "best" rankings are pay-to-play. Bankrate, NerdWallet, and Investopedia do not maintain dedicated DSCR-lender rankings — articles citing those publications' DSCR coverage are misattributing methodology.

What investors and borrowers actually need: which lenders are the largest by verifiable industry rank (Scotsman Guide), which lenders run the biggest rated securitization shelves (the institutional-credibility signal), which have active SEC filings for public-company transparency, which offer 0.75 DSCR floors with what compensating factors, which serve foreign nationals, which have clean regulatory records vs. open consent orders, and which have factual aggregator errors floating around their coverage.

This pillar collects all of that. Primary sources for every non-obvious fact. [UNVERIFIED] flag for everything we can't prove. We have no affiliate relationship with any DSCR lender. We earn nothing if you contact them. Every link is generic.

1. What DSCR loans actually are in 2026

A Debt Service Coverage Ratio loan is a non-QM, business-purpose mortgage on a 1-4-unit non-owner-occupied residential investment property. Qualification is based on the property's monthly rent (or projected market rent per appraiser Form 1007) divided by the proposed PITIA payment — not on the borrower's W-2 income or DTI. The ratio is the central credit metric.

Regulatory framework

DSCR loans are not consumer credit. They are exempt from TILA/Regulation Z under 12 CFR §1026.3(a) as business-purpose extensions of credit, and consequently exempt from the Ability-to-Repay/Qualified Mortgage rule promulgated under TILA §129C and from TRID disclosures. The American Association of Private Lenders has actively lobbied to keep BPL loans out of mortgage-licensing regimes.

Key consequence: DSCR lenders are not federally licensed mortgage originators under SAFE Act in the same way consumer-purpose lenders are. Most are state-licensed under finance-lender statutes (California DFPI, NY DFS, etc.). Several states (Texas, Florida) have no specific business-purpose license requirement at all.

GSE eligibility

DSCR loans are not Fannie Mae or Freddie Mac-eligible. Fannie Mae does allow rental income to qualify investment-property borrowers, but through a completely different framework: Schedule E history, the "75% rule" (25% vacancy haircut), Form 1007 for purchase, and DTI-based underwriting (see Fannie Mae Selling Guide March 4, 2026 and SEL-2025-08). DSCR sits outside this universe — it is fundamentally a private-label / non-agency / non-QM securitization channel.

Typical 2026 structure

• Terms: 30-year fixed dominates; 5/6 and 7/6 SOFR ARMs are common; interest-only first 10 years available on most programs (Visio, LendingOne, Kiavi, Lima One)
• DSCR floor: Industry standard is 1.0; sub-1.0 / "no-ratio" programs exist with compensating factors
  • Below 1.0: LendingOne ("As low as 0.75 DSCR"), Kiavi ("as low as 0.8x"), Angel Oak and A&D (DSCR below 1.0 allowed)
  • 1.0: Visio (sub-1.0 case-by-case), Lima One, RCN, A&D Mortgage, CoreVest single-asset, Velocity
  • No minimum: Easy Street ("No Minimum DSCR"), Truss ("No minimum DSCR ratio")
  • 1.10: Quontic Bank (FDIC-regulated, more conservative)
  • 1.25: Best-priced tier across virtually all lenders
• LTV maxima: 80% purchase / R&T refi is the modern ceiling. Cash-out typically 75% (Lima One: 80% purchase/rate-term, 75% cash-out, with a seasoning waiver for BRRRR refinances)
• Loan size: Industry floors $75K-$150K. Ceilings $2M-$5M typical
• Foreign national programs: Available at Easy Street, A&D Mortgage. Not available at Visio.

2026 rates

As of May 2026, par 30-year fixed DSCR rates run 6.125%-9.125%, with the well-qualified borrower benchmark (740+ FICO, 75% LTV purchase, ≥1.0 DSCR, SFR) priced at 6.12%-6.37% with the 5/4/3/2/1 step-down prepay. Spread to conforming investment-property: +75 to +200 bps. Removing the prepay penalty typically adds 100+ bps to rate.

2026 market context

Non-QM securitization hit a record high in 2025 with DSCR loans approximately 30% of the pool, per HousingWire. Morningstar DBRS counted about $41 billion of non-QM RMBS issuance in 2024 (National Mortgage News, November 2025). January 2025 alone saw >4,272 DSCR transactions and >$2 billion in volume per RCN Capital's market commentary.

2. The big-three rated DSCR securitization shelves

The institutional-credibility signal for any DSCR lender is whether they have a rated securitization shelf. Three matter most in 2026:

Kiavi LHOME shelf

• Rated by: Morningstar DBRS
• 2025 issuance: Three rated deals — LHOME 22 ($300M January 2025), LHOME 23 ($400M), and a $300M earlier 2025 deal, plus a $350M follow-on in February 2026
• Cumulative: >$6 billion across 23 transactions since 2019
• Structure: RTL-heavy historically; DSCR-specific disclosure is limited within the LHOME pools

Roc Mortgage Trust shelf

• Rated by: DBRS Morningstar
• 2025 issuance: Roc Mortgage Trust 2025-RTL1 ($200M, 4 tranches, syndicated revolving structure with 2-year reinvestment); also a $238M deal earlier in 2025
• Structurer: Nomura as sole structuring agent with Morgan Stanley joint bookrunner
• Brand consolidation: Roc360 originates DSCR through CIVIC Financial Services (West Coast), Haus Lending (retail-facing), Roc Capital (wholesale), and Finance of America Commercial (FACo, East Coast portfolio rental term loans) — all consolidated at the holding level for capital markets

Visio-Beach Point Mortgage Trust shelf

• Rated by: S&P Global Ratings (also Morningstar DBRS on older deals)
• Cumulative: Eleven S&P-rated securitizations totaling approximately $2 billion since 2019
• Recent deals: Visio 2023-2 ($191.6M, 713 loans, WA FICO 743, WA LTV 70.6%, Barclays/ATLAS SP/Nomura underwriters); Visio 2023-1 ($183.6M, 655 loans); Visio 2022-1 ($225.7M, 688 loans, WA FICO 749)
• Servicer: BSI Financial Services on all deals
• Sponsor: Visio-Beach Point Mortgage Trust LLC (SEC EDGAR CIK 1833820; Delaware LLC formed December 26, 2019)
• Institutional partner: Beach Point Capital Management LP

Other 2025 rated activity worth noting

• Angel Oak Mortgage Trust (AOMT): At least 12 deals issued in 2025 totaling roughly $4B+ — KBRA-rated, alt-doc heavy. DSCR loans averaged ~18.6% of pools as the largest single investor-loan subset
• Easy Street Capital RTL #2 (November 13, 2025): $175M; A1 priced at I+205 bps — tied for tightest unrated A1 spread in RTL market history, 55 bps tighter than the May 2025 debut deal
• Verus Mortgage Capital (aggregator securitizer): VERUS 2025-1 ($553.2M), 2025-4 ($518M), 2025-8 ($701.5M), 2025-11 ($701.5M) — pools include significant DSCR concentration
• MFA Financial (Lima One parent): Five securitizations in 2025 totaling $1.8B UPB of non-QM; one Q4 2025 deal of $445.9M UPB; cumulative securitized debt approximately $6.3B at year-end 2025

3. Top DSCR lenders by 2024-2025 volume

[UNVERIFIED] Full-year 2025 DSCR origination volume across the US — no single primary source aggregates the private + securitized + portfolio universe. Reasonable extrapolation is $30B-$45B but we will not cite a precise number we cannot verify.

4. Visio Lending — the DSCR specialist

Founded: 2012 in Austin, Texas (founder Jeff Ball; pivoted to long-term DSCR financing in 2015 with the Rental360 launch; completed first investor-only single-asset rental loan securitization fall 2016).

Current CEO: Jenny Coupland (since January 13, 2025; prior Beach Point Capital Management Managing Director). Co-founders Jeff Ball and Matt Matza both retired January 2025 — aggregator pages still listing Ball as CEO are stale.

NMLS: Visio Financial Services Inc. #1935590; Investor Mortgage Finance LLC #2297729.

Lifetime originations: $4.7B across 41 states + DC as listed in May 2026 [UNVERIFIED]: we could not confirm it from a Visio document.

Why Visio matters: It is the eldest dedicated DSCR-focused lender. Rental360 (2015 launch) is widely credited as the originator of the modern 30-year amortizing residential investor DSCR loan. Predates MFA's Lima One acquisition (2021) by six years.

Rental360 specs (as listed in May 2026): 1.00 DSCR floor (sub-1.0 case-by-case); 680 FICO minimum (720+ for best pricing); 80% LTV purchase/R&T refi, 75% cash-out; $100K-$5M loan range; 30-year fixed + 5/6, 7/6, 10/6 ARMs with interest-only options; prepayment penalty structures 5/4/3/2/1, 3/2/1, or 3/0/0. No foreign national program. Servicing handled by BSI Financial Services.

Best fit: US-citizen SFR investor, $100K-$1M ticket, 720+ FICO, willing to live with BSI servicing, prioritizes program stability over fintech speed.

Full Visio Lending Review →

5. Kiavi — the volume + speed leader (DSCR about 10% of its volume)

Founded: 2013 as LendingHome; rebranded Kiavi 2021; lists its office at 271 N. Shore Drive, Pittsburgh. Owner since September 1, 2026: Figure Technology Solutions (Nasdaq: FIGR), which completed its acquisition of Kiavi's technology and operating platform; Kiavi's rental loans are "originated and funded by Figure Lending LLC dba Figure effective 9/1/2026."

CEO: Arvind Mohan, who per Figure's September 1, 2026 release joins Figure as Chief Business Officer.

2025 originations: $7.8 billion — record year, +20% YoY. Lifetime $30B+ across 100,000+ loans (the company hit its 100,000-loan milestone in 2025).

DSCR program: Kiavi's heritage is fix-and-flip RTL; its DSCR rental loans were expanded to condominium units in April 2023. Kiavi reported $638.9 million of 2024 DSCR volume to Scotsman Guide, about 10% of its volume; aggregator articles that equate Kiavi's total volume with DSCR are wrong.

DSCR specs (Kiavi's rental page, checked September 12, 2026): rates as low as 5.875%; DSCR as low as 0.8x; up to 80% LTV; no prepayment penalty after year 3; cash-out after 90 days of ownership or on free-and-clear properties.

Securitization: LHOME shelf — three rated deals in 2025 + $350M Feb 2026 follow-on. >$6 billion across 23 transactions since 2019. Morningstar DBRS-rated.

Best fit: investor prioritizing speed-to-close, fintech automation, repeat-borrower fast track. Multi-product (RTL + DSCR + bridge) makes Kiavi the right choice if your portfolio rotates between flips and holds.

Full Kiavi Review →

6. Lima One Capital — the publicly-traded option via MFA Financial

Parent: MFA Financial, Inc. (NYSE: MFA; SEC EDGAR CIK 0001055160), a publicly-traded mortgage REIT. MFA completed the Lima One acquisition in July 2021 for approximately $100 million.

CEO of Lima One: Josh Woodward — promoted from CFO to President & CEO in July 2024. Woodward joined Lima One in 2013 as employee #6, built capital markets and product (FixNFlip, NewCon, Rental30). MFA Financial-level CEO is Craig Knutson; President & CIO is Bryan Wulfsohn.

Note on aggregator error: Many DSCR coverage sites still list John Warren (founder) as Lima One's CEO. Warren has been retired from operating roles since August 2019 when he sold his majority stake; the period 2019-2024 was led by John Tennyson, and Woodward took over July 2024.

DSCR program: Rental30 — 30-year fully-amortizing DSCR. Rental30 Premier is a portfolio variant for ≥5 properties ≥$500K total value, up to 80% LTV non-recourse.

DSCR specs (Lima One's rental page, checked September 12, 2026): "the minimum DSCR is 1.0"; loans from $100K to $2.5M; up to 80% LTV on purchase and rate/term refinance, up to 75% on cash-out; 1-4 units; an option to skip the six-month seasoning period for BRRRR refinances.

2025 financials: Lima One originated $226 million of new business purpose loans in Q4 2025, per MFA's CEO. MFA's full residential investment portfolio at year-end 2025: $5.3B non-QM + $1.2B SFR + $717M SF transitional + $490M multifamily transitional + $3.3B Agency MBS + $973M legacy RPL/NPL. Five securitizations in 2025 totaling $1.8B non-QM UPB; one Q4 2025 deal of $445.9M UPB.

California DFPI: Lima One holds CFL #60DBO-45834. Historical Order Summarily Revoking issued April 3, 2020 for Financial Code §22715 late-filing issue, followed by Consent Order July 3, 2020 restoring license. License is currently active. This is a 5-year-old compliance footnote, not a current red flag — but it is the only public state-regulator enforcement record among top-five BPL lenders.

Full Lima One Capital Review →

7. Roc360 — the conglomerate DSCR play

Founded: 2014 (legal entity); spun out of Deutsche Bank's Roc Capital following 2007 quant crisis. Rebranded Roc Capital → Roc360 in January 2020.

HQ: 645 Madison Ave, 19th Floor, New York, NY 10022.

Founders: Maksim Stavinsky (Co-Founder & CEO), Eric Abramovich (Co-Founder & Chief Revenue Officer), Arvind Raghunathan, PhD (Founder; ex-Deutsche Bank quant). Advisory chair: Deven Sharma, PhD (former President of Standard & Poor's).

Lifetime volume: Nearly $25 billion across affiliates (300+ employees, three continents).

Subsidiary brands:

• Roc Capital — original wholesale BPL channel
• Finance of America Commercial (FACo) — acquired through asset sale circa 2023 from FOA Companies Inc.
• CIVIC Financial Services — acquired origination assets from Pacific Western Bank (PacWest) circa 2023
• Haus Lending — Roc360's retail-facing brand for investor loans
• ElmSure Insurance, Wimba Title, Tamarisk Appraisals — vertical-integration services

DSCR structuring across brands: Roc360 originates DSCR through multiple consumer-facing brands but consolidates capital markets and securitization at the holding level. CIVIC is the brand most associated with DSCR in California (post-PacWest exit). Haus Lending brands DSCR for the retail investor. Roc Capital is the wholesale channel to brokers. FACo carries the East Coast portfolio rental term loan book.

Best fit: broker-channel DSCR through Roc Capital (vs. Visio's direct origination); West Coast California-focused DSCR through CIVIC; East Coast portfolio rental through FACo.

Full Roc360 Review →

8. Easy Street Capital — the low-FICO no-DSCR-minimum specialist

Founded: 2016 in Austin, TX. Founder/President Stephen Hagerman.

Lifetime volume: $1B+ (reached in 2024); approximately $2 billion cumulative as of May 2026 per third-party aggregator commentary.

DSCR product: EasyRent — up to 10-unit residential properties including STR (Airbnb).

EasyRent specs (Easy Street's site, checked September 12, 2026): 640 FICO minimum (industry-low); up to 80% LTV on acquisitions and rate-term refinances; 75% cash-out; "No Minimum DSCR" (most flexible DSCR program in the industry); rates starting at 5.75%; loans from $100K to $3.5M+ (blanket portfolio up to $5M); 1-10 units, including short-term rentals with "No STR History Required."

2025 securitizations: Two RTL deals — $175M Nov 2025 (RTL #2) priced at I+205 bps on the A1 — tied for tightest unrated A1 spread in RTL market history, 55 bps tighter than the May 2025 debut.

Borrower experience caveat: BBB rates Easy Street Capital CA, LLC (Irvine office) F as of May 2026 for unresolved complaints. Multiple 2025 BiggerPockets threads document post-close transfer to Fay Servicing with escrow and lien-release problems.

Best fit: new investor with sub-700 FICO; deal needs sub-1.0 DSCR underwriting; STR-heavy portfolio; price-sensitive top-tier borrower (5.75% floor is industry-tightest among Big 7 lenders). Manage servicing-transfer risk before closing.

Full Easy Street Capital Review →

9. Velocity Financial (NYSE: VEL) — the public-company DSCR-adjacent lender

Founded: 2004 by Chris Farrar (President & CEO).

HQ: 2945 Townsgate Road, Suite #110, Westlake Village, CA 91361.

Public listing: NYSE: VEL; SEC CIK 1692376.

Distribution model: primarily independent mortgage brokers through a "wholesale platform built for brokers"; its 10-K also cites "direct borrower relationships." The portfolio spans 48 states and DC.

FY2025 results: $2.7 billion originations (+49% YoY). Q4 2025 loan production: $634.6M (+12.6% YoY). Core Net Income FY2025: $111M (+52%). Pre-tax return on average equity: 24.4% (25.8% core). Loan portfolio: $6.5B UPB (+28% YoY from $5.1B). Q4 2025 HFI loan production carried a 10.14% weighted average coupon. Nine securitizations completed in 2025 totaling $2.6B.

DSCR product: Investor-property loan, "Rental 360"-style 30-year fixed and ARM options. The vast majority of Velocity's book is DSCR-style investor underwriting (cash-flow + property), plus 1-4 unit, multifamily 5+, and small commercial.

Why Velocity matters: Velocity is the most transparent DSCR-adjacent lender in the industry — quarterly 10-Q, annual 10-K, audited financials, conference call transcripts. SEC EDGAR landing: CIK 1692376. Velocity's broker-led model means it doesn't market direct-to-investor like Visio or Kiavi — but if you work through a broker, Velocity's pricing reflects the lower distribution cost.

10. Angel Oak (NYSE: AOMR) — the AOMT securitization machine

Parent group: Angel Oak Capital Advisors, LLC (Atlanta GA), a $20B+ AUM asset manager. Angel Oak Mortgage Solutions (AOMS) is the wholesale non-QM originator. Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) is the publicly-traded REIT buyer of newly-originated non-QM loans.

2025 REIT results: Net income $44M. 2025 newly-originated non-QM purchases: $861.8M at WA coupon 7.79%, WA CLTV 65.4%, WA FICO 756. Total portfolio approximately $2.7B at year-end 2025.

AOMT shelf: At least 12 deals in 2025 (AOMT 2025-2 through 2025-12 plus HB1 HELOC) — KBRA-rated, alt-doc heavy (bank statement + DSCR + asset depletion 83.9% in 2025-7). DSCR averaging approximately 18.6% of pool as the largest single investor-loan subset.

DSCR product (Angel Oak's DSCR page, checked September 12, 2026): loans from $100,000 up to $3 million; 680 minimum FICO (up to 75% LTV); up to 85% LTV with a 720 minimum FICO; "DSCR < 1.0 and No DSCR options available."

2025 innovation: AOMS launched industry-first Rental AVM for DSCR loans in November 2025 — automated rent estimation at prequal stage.

11. Honorable mentions

LendingOne (founded 2014, Boca Raton FL; $6B+ lifetime; NMLS #1508627). Backed by "leading global asset manager" — identity undisclosed publicly [UNVERIFIED]. DSCR specs (LendingOne's site, checked September 12, 2026): "As low as 0.75 DSCR"; up to 80% LTV on purchase/rate-term and 75% on cash-out; loan amounts from $85,000 to $2,000,000; does not lend in Alaska, Nevada, North Dakota or South Dakota. January 2026 Stessa (Roofstock subsidiary) partnership for "Best Rate Guaranteed DSCR Loan Quote." Full LendingOne Review →.

Constructive Loans (Newport Beach CA wholesale DSCR + fix-flip + new-con lender). Strong West Coast broker network. [UNVERIFIED] 2025 volume.

Quontic Bank — FDIC-insured digital community bank (one of a handful of banks offering DSCR). Specs: 1.10 DSCR minimum, 680 FICO floor, up to $2M loan, at least 25% down, SFR + 2-4 unit + PUD + condos. FDIC oversight means stricter compliance posture but more conservative pricing. Best for borrowers who prefer a regulated depository balance sheet.

Truss Financial Group — Wholesale broker / correspondent lender. Truss's DSCR page lists "No minimum DSCR ratio" and "Good credit score (specific score requirements vary)"; its current page does not state a maximum loan amount. Best for the high-net-worth investor with jumbo needs.

A&D Mortgage — Hollywood FL wholesale non-QM lender. #4 Non-QM lender by 2024 Scotsman Guide volume ($2.64B). DSCR specs (A&D's site, checked September 12, 2026): 620 minimum FICO, up to 80% CLTV, DSCR below 1.0 allowed at 75% LTV or less (excluding condos and condotels), no-ratio loans, and a Foreign National DSCR program with loan amounts up to $3 million.

RCN Capital — $8.2B+ lifetime; acquired BLN Software February 2025 to formalize tech vertical. DSCR is part of their menu but not their lead product (RCN is fix-and-flip / bridge wholesale-first). Full RCN Capital Review →.

12. Forensic comparison table

Kiavi, Lima One, LendingOne, Easy Street, Quontic, Angel Oak, A&D and Truss cells were checked against each lender's site on September 12, 2026; cells a lender does not publish there are as listed in May 2026.

13. Aggregator errors to correct

Error 1 — Defy Mortgage's "Best DSCR Lenders 2026" lists Easy Street's rates "as low as 5.75%" without noting that Easy Street advertises it only as a starting rate; the pricing tier behind it is not published. Generic-rate-leak misrepresentation common across competitor coverage.

Error 2 — TheLender's "4 Best DSCR Loans of 2026" places itself #1 with "$3 billion funded since 2019" while omitting that this number includes non-DSCR products and is not separable from broader non-QM. Visio's $854.6M single-year DSCR submission to Scotsman Guide actually outranks theLender's DSCR-only volume.

Error 3 — Multiple competitor articles conflate Kiavi's $7.8B total origination with DSCR specifically. Scotsman Guide puts Kiavi's 2024 DSCR volume at $638.9 million, about 10% of its volume. Articles presenting Kiavi as the largest DSCR lender are factually wrong; Visio's Scotsman Guide #1 DSCR position ($854.6M in 2024) is the verifiable ranking.

Error 4 — CNBC Select's "Best investment property lenders of May 2026" groups DSCR with conventional investment-property mortgages, missing the regulatory distinction (DSCR is business-purpose Reg-Z exempt; conventional investment is consumer-purpose ATR/QM-applicable). This conflation misleads readers about DSCR's lack of borrower-income underwriting.

Error 5 — "NerdWallet's best DSCR lenders" citations in competitor articles. NerdWallet does not appear to maintain a dedicated DSCR-lender ranking — articles citing this are likely misattributing the methodology to NerdWallet's broader investment-property page.

Error 6 — Most aggregators report Lima One's parent as "Lima One Capital LLC" without disclosing that the ultimate parent is MFA Financial (NYSE: MFA, CIK 0001055160) since the July 2021 acquisition. Investors comparing public-company exposure miss that Lima One is effectively a publicly-traded mortgage REIT subsidiary.

Error 7 — "Jeff Ball is Visio's CEO." Multiple aggregator pages still describe Ball as Visio's CEO. He retired January 2025. Jenny Coupland is CEO. (Verified from BusinessWire January 13, 2025 + Hedgeweek January 16, 2025.)

14. Who wins for whom

15. Recent regulatory developments 2026

• CFPB DSCR-specific rulemaking: None. DSCR sits in the TILA §1026.3(a) business-purpose exemption.
• Reg-Z dollar threshold update: Effective January 1, 2026, the TILA/Reg-Z threshold for consumer-credit applicability rose from $71,900 to $73,400 (2.1% CPI-W indexation). Indirectly clarifies that small-balance DSCR loans below the threshold remain firmly outside consumer-credit scope.
• CFPB rulemaking agenda June 2025: Loan Originator Compensation Requirements (Reg-Z), Discretionary Servicing Rules (RESPA Reg-X), and Discretionary Mortgage Servicing Rules (Reg-Z) filed at OMB. None directly touch DSCR / business-purpose.
• Section 1071 small-business lending rule: November 2025 proposed amendments are under review. DSCR loans to entity borrowers (LLCs) could become reportable under §1071 if the entity is small-business defined. This is the single biggest regulatory uncertainty for DSCR lenders in 2026. [UNVERIFIED] whether the November 2025 proposal carves out residential investor BPL.
• No CFPB or state CRA-style enforcement against any of the major DSCR lenders in 2025-2026. Lima One's 2020 DFPI matter remains resolved.
• State licensing trend: AAPL continues lobbying to keep BPL out of mortgage-licensing regimes; California, Arizona, Idaho, North Dakota, Oregon, Utah, and Vermont have or may impose state-level business-purpose loan licensing.

FAQ

Related coverage

• Velocity Financial Review 2026 (NYSE:VEL)
• Constructive Loans Review 2026 (Adamas Trust NASDAQ:ADAM subsidiary)
• Quontic Bank DSCR Review 2026 (FDIC-insured DSCR lender)
• Visio Lending Review 2026
• Center Street Lending Review 2026
• Kiavi Review 2026
• Lima One Capital Review 2026
• LendingOne Review 2026
• Roc360 Review 2026
• Easy Street Capital Review 2026
• RCN Capital Review 2026
• Anchor Loans Review 2026
• Kiavi vs Lima One Capital 2026
• Best Fix-and-Flip Lender 2026
• 1st Security Bank DSCR Review 2026 (fourth FDIC-insured bank)
• DSCR Loan vs Conventional Mortgage 2026 — when each loan wins
• How to Refinance a DSCR Loan in 2026 — seasoning + prepayment-penalty math

Sources

SEC EDGAR

• Velocity Financial CIK 1692376
• MFA Financial CIK 1055160 — Lima One acquisition
• MFA Q4 2025 / FY 2025 release
• Angel Oak Mortgage REIT (AOMR/AOMD) 10-K coverage
• Velocity Q4 2025 preliminary results PDF
• Visio-Beach Point Mortgage Trust SEC EDGAR (CIK 1833820)

Regulatory primary sources

• CFPB §1026.3 Exempt Transactions
• CFPB 2025 Reg-Z threshold announcement
• Fannie Mae SEL-2025-08
• Fannie Mae Selling Guide Mar 4 2026
• California DFPI Lima One enforcement action

Rating agency / securitization

• DBRS Roc Mortgage Trust 2025-RTL1 Presale
• KBRA AOMT 2025-5
• KBRA AOMT 2025-11
• Easy Street $175M securitization Nov 2025

Lender press releases

• Figure completes acquisition of Kiavi (September 1, 2026)
• Kiavi rental (DSCR) loans page
• Lima One rental loans page
• Easy Street EasyRent page
• LendingOne DSCR rental loans page
• Quontic DSCR loan page
• A&D Mortgage DSCR program
• Angel Oak DSCR loan page
• Truss Financial DSCR loans page
• Angel Oak Mortgage REIT 10-K FY2025 (EDGAR)
• Scotsman Guide 2025 Top Non-QM Lenders
• Visio Lending Named #1 DSCR Scotsman Guide
• Visio Jenny Coupland CEO Jan 2025
• Visio Rental360 launch PR 2015
• Kiavi 2025 Wrapped $7.8B
• Kiavi $400M Securitization release
• Lima One Josh Woodward CEO
• Lima One Rental30 Premier launch
• Roc360 leadership page
• Roc Capital rebrands to Roc360
• Angel Oak Rental AVM Nov 2025
• LendingOne x Stessa partnership Jan 2026

Market context

• HousingWire: Why DSCR demand ramped up in 2025
• MortgageOrb 2025 outlook
• RCN: Why DSCR Loans Booming 2025
• Scotsman Guide 2025 Top DSCR
• AAPL: Business-Purpose Loans Should Not Be Subject to Mortgage Licensing

---

This article is independent research. We have no affiliate relationship with any DSCR lender. We earn nothing if you contact them. Last updated September 12, 2026.

Recently added to the DSCR lender universe:

• NASB DSCR Review 2026 — the other FDIC-insured DSCR lender
• A&D Mortgage Review 2026 — Scotsman Guide #4 Non-QM 2024
• CFBank DSCR Review 2026 — third FDIC-insured DSCR option (0.75 floor)
• Visio vs Velocity vs Kiavi 2026 — 3-way DSCR head-to-head
• DSCR Loan Calculator 2026 — interactive 10-lender qualification map
• DSCR Loan Rates 2026 — forensic primary-source rate study
• Visio vs Velocity vs Kiavi 2026 — head-to-head DSCR comparison
• Farm Bureau Bank DSCR Review 2026 — fifth FDIC-insured DSCR bank (loanDepot JV)