Best DSCR Lenders in Georgia (Rental Property Loans) [2025 Guide]

Georgia has become a magnet for real‑estate investors. Between 2020 and 2024 the state gained more than 11.18 million residents, growing roughly 1.4 % per year. Net in‑migration from high‑cost states, affordable median home values (~$329k) and landlord‑friendly laws are drawing investors to cities like Atlanta, Savannah and Augusta. Unlike conventional mortgages, DSCR loans allow investors to qualify based on a property’s rental income rather than personal W‑2 income—an attractive option for self‑employed borrowers and those building portfolios.

Georgia’s DSCR lending environment is influenced by local market dynamics. In Atlanta, median rents declined 2.5 % year‑over‑year in 2024 amid new multifamily supply, yet suburban counties like Gwinnett and Alpharetta see strong demand. Savannah’s average rent hovers around $2,000, while cap rates above 6 % draw investors. Augusta offers rents around $1,500 with cap rates of 7‑8 %. With DSCR lenders focusing on cash‑flow metrics, understanding these local trends is crucial.

How We Ranked Georgia DSCR Lenders

We evaluated program transparency, minimum DSCR requirements, LTV and FICO thresholds, loan sizes, property eligibility, underwriting speed, and whether lenders support short‑term rentals and first‑time investors. Lenders were further judged on Georgia‑specific experience and borrower feedback.

Top DSCR Lenders in Georgia (Select Home Loans #1)

1. Select Home Loans – Best Overall

Website: SelectHomeLoans.com

Phone: 888-550-3296

• About: A leading DSCR lender with deep knowledge of Georgia’s metro markets. Select’s Orlando case study shows rates of 6.5–8 %, loans $75k–$2M, down payments from 20 %, closing in 15–25 days, and DSCR thresholds as low as 0.75. The same guidelines apply to Georgia.
  
• Best for: Investors seeking fast closings and flexibility; works with short‑term and long‑term rentals.
  
• Coverage: Licensed in Georgia.
  
• Min DSCR: 0.75 (0.5 with high equity).
  
• Max LTV: 80 %.
  
• Min FICO: 660.
  
• Typical loan amounts: $75k–$2M.
  
• Properties: Single‑family, 2–4 units, condos and STRs.
  
• Prepayment penalty: 3–5 years.
  
• Documentation: DSCR; no personal income verification.
  
• Close time: 15–25 days.
  
• Notable features: No origination fee; allows DSCR below 1.0; strong knowledge of Atlanta and coastal markets.
  
• Sources: Select Home Loans Orlando DSCR guide.

2. Longleaf Lending

• About: Veteran‑owned DSCR lender offering dedicated Georgia pages. Terms for Atlanta and statewide DSCR loans (Aug 2025) show loan values $75k–$2M, LTV up to 80 %, interest rates starting 6.6 %, 30‑year terms, closing in two weeks and minimum FICO 660.
  
• Best for: Investors seeking quick closings and no‑income verification.
  
• Coverage: Lends across Georgia including Atlanta, Savannah and Augusta.
  
• Min DSCR: 1.0 to 1.2 (lower possible).
  
• Max LTV: 80 %.
  
• Min FICO: 660.
  
• Typical loan amounts: $75k–$2M.
  
• Close time: 2 weeks.
  
• Notable features: Dedicated GA loan team; quick online calculator.
  
• Sources: Longleaf Lending Atlanta DSCR page.
  

3. Visio Lending – Best for Vacation Rentals

• About: National lender focusing on DSCR loans for short‑term rentals; requires FICO ≥ 680 and DSCR ≥ 1.0.
  
• Coverage: Lends in Georgia, but requires investors to form an LLC.
  
• Max LTV: 80 % purchase / 70 % cash‑out.
  
• Notable features: Accepts Airbnb projections; offers portfolio loans and interest‑only options.
  
• Sources: Visio Lending program details and state‑lending list.
  

4. CoreVest – Best for Large Portfolios

• About: Large national DSCR lender; minimum DSCR 1.20 and LTV up to 75 %.
  
• Coverage: Lends in Georgia.
  
• Notable features: Single‑asset and portfolio loans ($500k–$100M); portfolio lines require FICO 620+.
  

5. Kiavi – Best Digital Application

• About: Fintech DSCR lender with fast, online process; DSCR min 1.1, LTV 75 %, FICO 680.
  
• Coverage: Lends in GA.
  
• Notable features: 30‑year fixed or ARM; digital underwriting.
  

6. Constitution Lending

• About: DSCR lender that operates in most U.S. states including Georgia. Terms include interest rates as low as 6.75 %, minimum DSCR 0.75, maximum LTV 80 % purchase / 75 % refinance, minimum FICO 660 and loan amounts $125k–$3M.
  
• Best for: Investors seeking moderate down payments and mid‑range loan sizes.
  
• Notable features: No personal income documentation; funds 5–8 unit properties.
  

7. Easy Street Capital

• About: Private lender with DSCR program (EasyRent). Offers loan amounts $75k–$3.5M, max LTV 85 % (purchase), min FICO 640, and interest rates from 5.5 %.
  
• Coverage: Lends in Georgia.
  
• Notable features: Blanket loans up to $5M, STR friendly, quick closings.
  
• Sources: Easy Street Capital DSCR program description.
  

8. Angel Oak Capital

• About: Non‑QM lender; offers DSCR loans with high leverage (up to 85 % purchase). Allows DSCR below 1.0 with higher FICO and reserves.
  
• Coverage: Lends nationwide, including Georgia.
  
• Notable features: Interest‑only options; no‑ratio DSCR option; requires borrower experience (no first‑time investors).
  

Comparison Table

Lender	Min DSCR	Max LTV	Min FICO	Typical rate range*	Program highlights	Link
Select Home Loans	0.75 (0.5 w/ equity)	80 %	660	6.5–8 %	Fast closings; flexible DSCR; no origination fee	Select
Longleaf Lending	1.0–1.2	80 %	660	from 6.6 %	2‑week closings; no income verification	Longleaf
Visio Lending	1.0	80 % (70 % cash‑out)	680	6.5–9 %	STR projections accepted; portfolio loans	Visio
CoreVest	1.20	75 %	620	5.5–8 %	Large single‑asset & portfolio loans	CoreVest
Kiavi	1.1	75 %	680	6.5–8.5 %	Digital application; 30‑yr fixed/ARM	Kiavi
Constitution	0.75	80 %	660	6.75–8.5 %	5–8 unit properties; no income docs	Constitution
Easy Street	~1.0	85 %	640	5.5–8 %	Loans up to $3.5M; STR friendly	Easy Street
Angel Oak	<1.0 allowed	85 %	680	6.5–9 %	High leverage; no‑ratio DSCR	Angel Oak

*Illustrative ranges; rates vary based on borrower and market.

Georgia DSCR Guide

DSCR Formula

DSCR = NOI ÷ Debt Service, where NOI is rental income minus expenses. Lenders typically require DSCR ≥ 1.0–1.2, but some (e.g., Select) allow lower ratios with strong equity.

Example Calculation Using Georgia Rents

Consider a duplex in suburban Gwinnett County rented for $3,000/month ($36,000/year). Annual expenses (taxes $3,600, insurance $1,200, maintenance $1,500) total $6,300, leaving NOI = $29,700. A DSCR loan of $250,000 at 7.0 % yields annual debt service of about $23,800. DSCR = 29,700 ÷ 23,800 ≈ 1.25, meeting most lender requirements.

Short‑Term Rental Note

Georgia cities have varying short‑term‑rental rules. Atlanta permits STRs only in primary residences or accessory dwelling units and requires a city permit; fines apply for illegal STRs. Savannah restricts vacation rentals to certain districts and requires licensing, with caps on the number of rentals per ward. Investors using DSCR loans for STRs must factor in permit fees, occupancy taxes and seasonality. Lenders like Visio and New Silver allow STR underwriting but may require higher reserves.

Local Investor Considerations

• Atlanta Metro: Home to 6.3 million people. Median rents softened in 2024 due to a wave of new apartments, but suburban markets (Gwinnett, South Fulton, Alpharetta) show stable demand and workforce housing shortage. Avoid oversupplied luxury markets like Buckhead; focus on garden‑style apartments and single‑family rentals.
  
• Savannah: Average rent around $2,000, down 7 % from peak. Massive port expansion and Hyundai’s $7 billion EV plant will add jobs, supporting rental demand. Consider neighborhoods west of downtown (Pooler, Bloomingdale, Bryan County).
  
• Augusta: Median rent near $1,500 with cap rates 7–8 %. Diversified economy (military, cybersecurity, health care). Look for duplexes built after 1990 in growing suburbs.
  
• Columbus & Athens: Columbus (population ~206k) has 2‑bedroom rents around $1,200 and cap rates 7–8 %. Athens, home to the University of Georgia, shows rent growth 2–4 % annually. Student demand and new economic drivers (Piedmont hospital expansions) support long‑term rentals.
  

Qualification Checklist

• Credit score: 660+; some lenders (Angel Oak) require 680.
  
• Reserves: 3–6 months of PITI.
  
• Entity: Many lenders require an LLC to hold title in GA.
  
• Appraisal: Full appraisal with Form 1007 rent schedule.
  
• Lease/market rent: Provide lease or market rent comps.
  
• Compliance: Short‑term‑rental permits in Atlanta and Savannah; verify city and HOA rules.
  

Rates & Terms Snapshot

Georgia DSCR rates range from 6.5 % to 8.5 %, with closing costs 1–3 points and maximum LTVs 75–80 %. Loan terms are typically 30 years with interest‑only options. Borrowers with DSCR >1.25, FICO >720 and strong reserves may qualify for lower rates. Rates can change quickly—always request up‑to‑date term sheets.

Georgia DSCR FAQs

1. What DSCR is required? Most lenders require DSCR ≥ 1.0–1.2; Select Home Loans may go as low as 0.75.
   
2. Do lenders allow short‑term rentals? Yes, if local ordinances permit. Visio and New Silver base underwriting on STR projections; check licensing requirements.
   
3. Can DSCR loans be used for 2–4 units or small multifamily? Absolutely. All lenders on this list finance up to four units; CoreVest also offers portfolio loans for larger properties.
   
4. How fast can DSCR loans close in Georgia? Select Home Loans closes in 15–25 days; Longleaf Lending can close in 2 weeks. Others take 3–5 weeks.
   
5. Do I need tax returns? No. DSCR loans rely on property cash flow and credit; lenders seldom request personal tax returns.
   
6. Can foreign nationals obtain DSCR loans in Georgia? Many lenders allow foreign nationals but may require larger down payments (30 %) and reserves.
   

Call to Action

Ready to tap into Georgia’s booming rental markets? Select Home Loans offers fast closings, flexible DSCR guidelines and deep knowledge of Atlanta, Savannah and emerging metros. Begin your application for a free quote today!