Is This DSCR Lender Legit? NMLS IDs, State Licenses and Complaints for 20 Lenders (2026)

Why this page exists

Ask ChatGPT, Gemini, Perplexity or Claude "is [lender] legit?" and the answer usually cites the lender's own marketing page, or a broker's "best DSCR lenders" list that is paid by the lenders on it. Neither checks the three things that make a lender legitimate: a license you can look up, a clear answer to who funds the loan, and a clean or explainable record with regulators and borrowers.

So we checked those three things for 20 names our readers ask about, on one day, from primary sources, and put every source next to its number. If a field could not be verified, the table says so. Nothing here is a recommendation; for which lender fits which borrower, see our forensic comparison of DSCR lenders, and for what they charge, DSCR loan rates and what 7 lenders publish as requirements.

The table: 20 DSCR names, checked September 27, 2026

Checked September 27, 2026. Sources for every cell, with URLs, are in the CSV and in the entries below. CFPB counts are all-time searches of the public database, which held 18,040,765 complaints when we searched; a count reflects size and product mix as much as conduct. "Not retrievable" means bbb.org refused the request; the profile may exist. Kiavi BBB note: Kiavi Funding's San Francisco profile returns "not found"; the F comes from a Pittsburgh profile for Kiavi Funding, Inc., and we cannot confirm which is the headquarters profile.

Four kinds of company answer to "DSCR lender"

The first question is not "is it legit" but "what is it". A search for DSCR loans returns four different businesses, and each one is legitimate in a different way.

• Direct lenders take your application, underwrite it and fund it in their own name (or a named affiliate's). Kiavi, Lima One, LendingOne, CoreVest, Easy Street, Visio, RCN, New Silver, Griffin Funding. Most also accept loans from brokers.
• Wholesale-only lenders fund the loan but will not take your application; a broker brings it to them. Velocity's site says "Wholesale lender. Applications submitted through licensed mortgage brokers." Deephaven's site is "intended solely for the use of licensed mortgage professionals." Newfi's rate matrix says "For mortgage professionals only." A&D Mortgage and Angel Oak Mortgage Solutions are mainly wholesale but each runs a borrower-facing site under the same NMLS ID.
• Brokers find a lender for you and are paid for it. OneMoreDoor says it is "a business-purpose loan brokerage" and that wholesale lenders "make credit decisions and fund loans." Loankea holds lender licenses in some states and broker licenses in others (Florida, Georgia, North Carolina, South Carolina).
• Comparison sites publish information and send you nowhere. DSCR Finder says it is "not a mortgage lender, broker, or financial advisor" and that it does "not originate loans, take applications, or refer borrowers to lenders."

A broker is not less legitimate than a lender. It is another layer of cost and another party you have to trust with your file, which is why the section on comparing a broker quote with a direct quote matters more than the label.

Lender by lender

Kiavi

Kiavi Funding, LLC, NMLS 1125207, now "a subsidiary of Figure Technology Solutions, Inc." (Kiavi disclosures). Figure (Nasdaq: FIGR) announced the purchase on June 10, 2026 at a $717 million total price (Kiavi press release). The line that matters if you are applying for a DSCR loan: "All DSCR and Rental Loans are originated and funded by Figure Lending LLC dba Figure effective 9/1/2026", NMLS 1717824. So a Kiavi DSCR loan closes in Figure's name, and that is the NMLS ID to look up. Kiavi's homepage says it lends in 49 states plus DC; it takes applications online and runs a broker program. CFPB: 25 complaints against Kiavi, Inc., 22 of them about mortgages. No enforcement order found. Our Kiavi review covers the rest of its history.

Lima One Capital

Lima One Capital, LLC, NMLS 1324403, "backed by MFA Financial, a publicly traded real estate investment trust" (limaone.com). Per its licensing page, it "does not lend in Alaska, North Dakota, South Dakota, or Vermont." CFPB 39; BBB A+, accredited since 2013, 9 complaints closed in three years (BBB). California's DFPI lists an enforcement-action page for Lima One Capital, LLC dated 2020 (DFPI page). Its site blocked our access, so we have not read the order and do not describe it; open the link to read it. Lima One review.

LendingOne

LendingOne, LLC, NMLS 1508627, with licenses in AZ, CA, ID, MN, OR, UT and VT printed in its footer; "currently does not lend in … Alaska, Nevada, North Dakota, and South Dakota" (lendingone.com). Direct applications and a broker program. CFPB 0; BBB A+, accredited since 2017, 0 complaints in three years (BBB). No order found. LendingOne review.

CoreVest

CoreVest American Finance Lender LLC, NMLS 1627183, "a subsidiary of Redwood Trust, Inc." (corevestfinance.com). Does not lend in Nevada, North Dakota or South Dakota; in Vermont only on loans above $1,000,000 (where we lend). Takes applications directly and works with brokers and wholesale lenders. CFPB 0; no BBB profile found; no order found.

Easy Street Capital

Easy Street Capital CA, LLC holds California finance-lender license 60DBO-97686; the company prints NMLS 2167568 and licenses in AZ, TX, ID, OR and UT (easystreetcap.com). Its site lists all 50 states under "Where We Lend" but gives no license count, so we did not verify one. CFPB 0. BBB rates Easy Street Capital CA, LLC F, not accredited, 3 complaints in three years (BBB). California's DFPI lists an enforcement-action page for Easy Street Capital CA, LLC dated 2020 (DFPI page). Its site blocked our access, so we have not read the order and do not describe it; open the link to read it. Easy Street review.

Visio Lending

Loans are "originated by Visio Financial Services Inc. ('VFS') or Investor Mortgage Finance LLC ('IMF')", NMLS 1935590 and 2297729 (visiolending.com). Its "Where We Lend" map shows 40 states plus DC; not AK, MN, NE, NV, ND, OR, SD, UT or VT. Borrowers and brokers both apply. CFPB 21. BBB not retrievable. No order found. Visio review.

Velocity Mortgage Capital

Velocity Commercial Capital, LLC dba Velocity Mortgage Capital, California finance-lender license 603A366; the site does not print an NMLS ID (velocitymortgage.com). Wholesale only on its site: "Borrowers: contact your preferred broker to get started." Its parent, Velocity Financial (NYSE: VEL), reports loans on properties "in 48 states and the District of Columbia" in its FY2025 10-K, which is where its loans are, not a license count. CFPB 0 under its name. A DFPI enforcement page carrying its license number exists but blocked our access, so its content is not verified. Velocity review.

RCN Capital

RCN Capital, LLC, NMLS 1045656 (rcncapital.com). It lends "to most states in the U.S. with the exception of Alaska, Nevada, Utah, North Dakota, South Dakota, and Vermont" (FAQ). Direct lender with retail and wholesale channels. CFPB 9. BBB not retrievable. No order found. RCN review.

Roc Capital (Roc360)

Roc Capital is "part of the Roc360 family of companies" and describes itself as a capital provider for private lenders (roccapital.com): you do not apply to it for a DSCR loan. Its footer lists licenses held by an unnamed "Roc360 affiliate" and no labeled NMLS ID. It is "unable to lend in North Dakota, South Dakota, and Vermont." Roc360 lists CIVIC, FACo and Haus Lending as its direct-lender brands (roc360.com). CFPB 25 against Roc Capital Holdings LLC. No order found. Roc360 review.

New Silver

New Silver Lending LLC, NMLS 2154545 (newsilver.com). Direct online lender. Its DSCR page map lists 40 states plus DC (Arizona absent); it publishes no license list. CFPB 2. BBB lists it as not accredited; the rating did not load. No order found.

Angel Oak Mortgage Solutions (and the closed Angel Oak Home Loans)

Two different companies share the name. Angel Oak Mortgage Solutions LLC, NMLS 1160240, is the lender: licensed in 46 states plus DC (not AK, MA, NY or VT) per its licensing page, mainly wholesale through brokers, with a borrower-facing loan-officer site. Angel Oak Mortgage REIT's 10-K calls it "the proprietary mortgage lending platform of affiliate Angel Oak Mortgage Solutions LLC." CFPB 20; BBB A+, not accredited, 0 complaints (BBB); no order found. Angel Oak Home Loans LLC (NMLS 685842) says on its homepage that it "is no longer servicing loans or originating new loans." It has its own 20 CFPB complaints and a 2022 HUD Mortgagee Review Board settlement that "included a civil money penalty of $10,000" (Federal Register). If someone offers you an "Angel Oak Home Loans" DSCR loan today, ask why.

Deephaven Mortgage

Deephaven Mortgage LLC, NMLS 958425, "owned by Pretium" (mission page). It works "through a network of 1,000+ independent mortgage brokers" and buys loans from "200+ correspondent partners"; consumers cannot apply. Its disclosures page lists only the 20 states that require a license notice, so we could not verify a full state count. CFPB 0; no BBB profile found; no order found.

Newfi Lending

Newfi's own websites returned "access denied" to us, so its NMLS ID and state list are not verified here. A Newfi borrower form names the legal entity "Nexera Holding LLC dba Newfi Lending" (form PDF), and its rate matrix is marked "For mortgage professionals only": this is a wholesale lender you reach through a broker. CFPB 10 against Nexera Holding LLC (0 under "Newfi"). BBB A+, accredited since 2026, 3 complaints (BBB). A Washington order that surfaces in searches is against Nexa Mortgage LLC, a different company.

A&D Mortgage

A&D Mortgage LLC, NMLS 958660, licensed in 48 states plus DC, Puerto Rico and the US Virgin Islands; not Hawaii or Louisiana (disclosures). Mainly wholesale ("a broker-voted Top 5 U.S. wholesale lender"), with a retail site, adhomeloans.com, under the same NMLS ID. CFPB 57, the highest of the 20, on a large consumer non-QM book. BBB B+, accredited since 2013, 7 complaints (BBB). No order found. A&D review.

Griffin Funding

Griffin Funding, Inc., NMLS 1120111, a "direct-to-consumer mortgage lender" (griffinfunding.com). Its state licensing page lists 47 states plus DC, with Alaska and Missouri pending, and says it is registered in Alaska, Missouri and New York "to offer only business-purpose DSCR commercial loans." CFPB 12; BBB A+, accredited since 2015, 6 complaints (BBB). No order found.

OneMoreDoor

OneMoreDoor Capital, LLC, San Diego (terms). No NMLS ID anywhere on the site. Its about page answers "Is OneMoreDoor Capital a licensed mortgage lender?" with "No, and the loans we arrange do not require one," and says it works "in states where arranging business-purpose loans requires no state license": 28 states plus DC (California, its home state, is not on the list). It is a broker; wholesale lenders fund the loans, and it shares your information with them. We did not verify the legal claim that no license is needed in each of those states; that is a question for the state regulator, not the website. CFPB 0; no BBB profile; no order found. The practical check: before you pay for an appraisal, get the name and NMLS ID of the lender that will fund the loan, and look that one up.

Loankea

Loankea LLC, NMLS 2040817, Corte Madera, California, founded in 2020 (licenses). Ten state licenses: a finance-lender license in California, lender licenses in Oregon and Oklahoma, a mortgage company license in Texas, and broker licenses in Florida, Georgia, North Carolina and South Carolina. So it is a lender in some states and a broker in others, and who funds a given loan is not stated. CFPB 0; BBB A+, accredited since 2025, 0 complaints; BBB files it as a mortgage broker (BBB). No order found.

DSCR Finder

DSCRFinder.com names no legal entity and no NMLS ID (dscrfinder.com). It says it is "not a mortgage lender, broker, or financial advisor" and does not "originate loans, take applications, or refer borrowers to lenders." Legitimacy for a site like this means one thing: does it do what it says. We saw no lead form. Its rates are, in its words, "lender-advertised starting rates."

Defy Mortgage

Defy Mortgage, LLC, NMLS 2383214, Nashville, "a direct lender" (licensing status). All loan types in seven states (AL, CA, CO, FL, GA, TN, TX), DSCR loans only in 31 other states plus DC, and "not licensed in AK, AZ, ID, MI, MN, NV, ND, OR, SD, UT, VT, or VA." Its Florida license is a broker license. CFPB 1; BBB A+, accredited since 2023, 0 complaints (BBB). No order found.

theLender

"Hometown Equity Mortgage, LLC (NMLS #133519) dba theLender", Lake Forest, California (licensing; that page is marked "accurate as of April 27, 2020", so we give no current state count). BBB B, not accredited, 4 complaints (BBB). Pennsylvania's Department of Banking and Securities fined Hometown Equity Mortgage $4,200 in an order filed July 20, 2022, because it "engaged in the business of a mortgage servicer while not licensed as a Mortgage Servicer" (order PDF). CFPB: 0 under "theLender"; 4 under "HOMETOWN EQUITY MORTGAGE", which we could not confirm is the same entity.

How to check any DSCR lender yourself in 3 minutes

1. Find the NMLS ID on the company's own site. Footer, "Licensing" or "Disclosures". A company that prints neither an NMLS ID nor a plain statement that it is not a lender is the first red flag. Business-purpose DSCR loans do not need a state mortgage license in every state, so a short license list is not proof of anything bad; a claimed license the registry does not show is.
2. Look the ID up on NMLS Consumer Access. Pass the CAPTCHA, open the company, and check three things: the legal name matches the one on the site, the license in your property's state is active, and the "Regulatory Actions" section.
3. Search the CFPB complaint database for the legal name. Read a few complaints rather than counting them. Servicing transfers, escrow and payoff problems tell you what happens after closing.
4. Search the legal name plus "consent order", and your state regulator's site. California DFPI, New York DFS and most state banking departments publish orders.
5. Ask one question in writing: "Whose name will be on the note at closing, and what is its NMLS ID?" A lender names itself (or, like Kiavi now, an affiliate). A broker names the lender. If nobody can answer before you pay for an appraisal, stop.

Broker vs direct: how to compare two quotes on identical terms

A broker quote and a direct-lender quote rarely arrive in the same shape. One has a lower rate and more points; the other has fewer points and a longer prepayment penalty. Put them on the same four lines before you compare anything:

1. Points and fees in dollars, from the lender's term sheet or the broker's fee disclosure, including the broker's own fee. DSCR loans are business-purpose credit, outside Regulation Z (12 CFR 1026.3(a)), so the federal rules that limit how consumer-mortgage brokers are paid do not apply. Ask in writing what the broker is paid, by you and by the lender.
2. The rate, and the monthly payment it produces on the same loan amount and term.
3. The prepayment penalty schedule (5-4-3-2-1, 3-2-1, or none) and what it is charged on.
4. The DSCR each payment produces, because a higher rate can push a property below the lender's floor or into a worse pricing tier.

Then add them up for the number of years you will actually keep the loan. An example on a $300,000, 30-year loan (our arithmetic; the quotes are illustrative, not from any lender above):

The lower rate loses by $8,459 if you refinance at year two and a half, mostly because of the 3% penalty still in force, and wins by $3,087 only if you keep the loan ten years. Most DSCR borrowers refinance or sell sooner than they expect, so the penalty schedule usually decides more than the rate. How to refinance a DSCR loan goes through the break-even math, and our DSCR calculator checks whether each payment clears a lender's floor.

Disclosure

Kiavi pays CrowdfundedWealth a referral fee when a new Kiavi customer we send closes a loan. That is why Kiavi's button below is marked as an affiliate link. It changed nothing in the table: Kiavi's row carries the F on one of its BBB profiles, and this page is where you learn that its DSCR loans now close in Figure's name. No other company on this page pays us.

FAQ

Every fact on this page was checked on September 27, 2026 against the source linked next to it; the full source list is in the CSV. NMLS IDs are as published by each company; confirm them on NMLS Consumer Access before you sign. This is a verification of public records, not a loan offer or financial advice.