Best DSCR Lenders in Nashua, NH

Nashua is New Hampshire’s second‑largest city and a thriving commercial center located on the Massachusetts border. Historically a textile town, Nashua has reinvented itself as a hub for high technology, defense manufacturing and healthcare services. Proximity to Boston’s tech corridor attracts companies and professionals seeking lower costs and a high quality of life, while the absence of state income tax lures residents from Massachusetts. This combination drives strong real‑estate demand and significant rental growth.

As of November 2025, Realtor.com reports that Nashua’s median home sale price was approximately $497,900, with a price per square foot of $308. There were about 138 active home listings and homes stayed on the market for an average of 36 days. The rental market had approximately 91 active listings and a median rent of about $2,295 per month. These figures underline robust demand and limited inventory. The same dataset notes that Nashua is a seller’s market with a sale‑to‑list price ratio of 100 percent. Neighborhood‑level data reveals high values in the Southwest and Northeast sections, where median home prices range from $574,900 to $660,000 and rents from $2,350 to nearly $3,000.

The city’s dynamic economy and rising rents make DSCR loans a compelling financing option for investors. This article explains DSCR fundamentals, evaluates local market trends, ranks the best lendersincluding SelectHomeLoans.com at #1and provides guidance on rates, qualification criteria, mistakes to avoid and local considerations. By reading, investors will gain actionable insight into building profitable rental portfolios in Nashua.

Nashua Real‑Estate Market Overview

Market indicators and trends

Nashua’s housing market remains competitive despite moderate price growth. Realtor.com’s November 2025 snapshot shows a median home price of $497,900 and median price per square foot of $308. The city had 138 homes for sale with an average 36 days on market, and 91 rental properties offering a median rent of $2,295 per month. Quick market insights highlight year‑over‑year sale price growth of 9.56 percent and a month‑over‑month decrease in rental prices of 4.32 percent, while the number of listings decreased by about 33 percent month over month. This indicates strong demand relative to supply and a slight seasonal cooling in rents.

Nashua is a seller’s market, with a sale‑to‑list price ratio of 100 percent and low days on market. Neighborhood data shows notable variations: in Southwest Nashua the median home price is around $574,900 and rents average $2,975, whereas Northeast Nashua sees median prices around $660,000 and rents around $2,350. Southeast Nashua offers somewhat more affordability with homes priced near $409,999 and rents about $1,979. These figures illustrate a range of investment options from luxury properties to mid‑priced rentals.

Economic and demographic context

Nashua’s economy benefits from high‑tech employers like BAE Systems, Dell Technologies and numerous IT firms. The city also hosts Southern New Hampshire Medical Center and St. Joseph Hospital, creating stable healthcare employment. Its downtown continues to undergo revitalization with new dining, retail and residential development, attracting young professionals and families. With two large shopping malls and cross‑border shoppers from Massachusetts drawn by lower sales taxes, retail is a significant revenue driver. The city’s location along major highways and the Everett Turnpike provides easy access to the Manchester‑Boston Regional Airport and Boston Logan International Airport.

The population is diverse and well‑educated, with many residents commuting to high‑paying jobs in Massachusetts. This demographic supports strong rent affordability and continued demand for quality rental units. DSCR investors can benefit from stable employment trends and rising wages, though they must compete in a tight market for desirable properties.

How DSCR Loans Work for Nashua Investors

DSCR loans are structured around the property’s ability to cover its debt obligations from rental income. The Debt Service Coverage Ratio (DSCR) equals the property’s annual Net Operating Income (NOI) divided by its annual debt service (principal and interest payments). A ratio of 1.0 or higher means the property’s cash flow can fully cover the loan payment; lenders usually require a DSCR from 0.75 to 1.1 depending on risk. Because qualification is based on NOI rather than a borrower’s personal debt‑to‑income ratio, DSCR loans enable entrepreneurs and self‑employed professionals to scale rental portfolios in markets like Nashua where rents are high.

DSCR loan terms and highlights

Common DSCR loan features include:

• Loan amounts. Programs range from $50,000 to as high as $5 million, accommodating both single‑family rentals and large multifamily buildings.
  
• Loan terms. Most lenders offer 30‑year fixed or adjustable‑rate loans; interest‑only periods of 5–10 years are common, after which payments amortize.
  
• Interest rates. Starting rates are typically in the 5.75–6.5 percent range. New Silver, Express Capital and Easy Street Capital advertise rates around 5.75–5.875 percent.
  
• LTV and down payment. LTV ratios can reach 80–85 percent for purchases, with down payments from 15 to 25 percent. Cash‑out refinances usually cap at 70–75 percent LTV.
  
• Credit score. Minimum FICO scores typically range from 650 to 680.
  
• Property types. DSCR programs cover single‑family homes, duplexes, triplexes, fourplexes and small multifamily properties up to 10 units. Many lenders also allow financing of short‑term rentals.
  

Benefits for Nashua investors

Given Nashua’s high rents and robust job market, DSCR loans provide a path to finance investment properties without the constraints of personal income verification. Investors can purchase multiple properties quickly, using the property’s cash flow to qualify. This is especially useful for professionals commuting to Massachusetts who may have complex K‑1 income or entrepreneurs reinvesting profits into real estate. DSCR loans also allow financing in an LLC, offering liability protection.

Criteria for Choosing a DSCR Lender in Nashua

When evaluating DSCR lenders, Nashua investors should focus on the same key factors described in the Manchester section. Specifically:

1. DSCR requirement. Ensure the lender’s minimum DSCR aligns with your property’s projected cash flow. A threshold of 1.0 or lower can accommodate moderate cash‑flow properties but may increase rates or fees.
   
2. Maximum LTV and down payment. Higher LTVs (80–85 percent) minimize equity needed. Lenders with lower LTVs might require larger down payments, which may not suit investors hoping to leverage capital across multiple deals.
   
3. Speed of closing. Nashua’s competitive market demands quick closing. Lenders like West Forest Capital emphasize closings within 2–3 weeks; delays could cost you a property.
   
4. Experience in New Hampshire markets. Lenders with knowledge of Nashua’s rental rates, property taxes and regulatory environment can better underwrite deals and deliver realistic appraisals.
   
5. Customer service and transparency. Choose lenders who provide clear term sheets, communicate promptly and lay out any prepayment penalties or fees.
   
6. Loan limits and portfolio support. High loan limits (up to $5 million) enable financing of larger multifamily buildings or portfolios; some lenders may cap at $2–3 million.
   

Top DSCR Lenders in Nashua

1. SelectHomeLoans.com – Best Overall

SelectHomeLoans.com again claims the top spot in Nashua. The lender offers DSCR loans up to 80 percent LTV, minimum DSCR of roughly 1.0, and rates starting in the mid‑5 percent range. Their local team understands Nashua’s tech‑driven economy, high‑end neighborhoods and property tax nuances. Investors report that SelectHomeLoans.com often closes in less than a month and offers interest‑only periods that boost cash flow. Their willingness to finance both long‑term and short‑term rentals, along with portfolio loans across multiple properties, makes them ideal for scaling in a hot market. Visit their website SelectHomeLoans.com Or Call them (888) 550-3296

2. New Silver – High LTV and Flexible DSCR

New Silver’s DSCR loans provide up to 85 percent LTV and accept DSCR as low as 0.75. With rates starting at 5.875 percent, a minimum credit score of 660 and loan amounts from $100k to $3 million, New Silver appeals to investors seeking high leverage. Their technology platform speeds the underwriting and closing process. For Nashua investors eyeing more expensive duplexes or small apartment buildings in Northeast Nashua, the higher LTV could preserve cash for renovations or reserves.

3. Express Capital Financing – Aggressive Leverage

Express Capital Financing offers asset‑based DSCR loans up to 85 percent LTV for purchases, with interest rates starting around 5.875 percent and loan amounts up to $3 million. Their requirement of a 1.0 rent coverage ratio and credit score of at least 650 is manageable for most Nashua properties. Fast closings and the ability to work with LLCs make Express Capital a strong choice for investors wanting to move quickly on deals.

4. West Forest Capital – Flexible Terms and Quick Closings

West Forest Capital remains a leading option thanks to its no‑income‑verification underwriting, closing times of 2–3 weeks and loan terms up to 30 years. They lend up to 80 percent LTV and accept mid‑600 credit scores. Their DSCR loans are ideal for self‑employed investors or those with fluctuating incomes who need to close quickly on a property in Nashua’s competitive market.

5. Griffin Funding – High Limit for Large Deals

Griffin Funding’s loan amounts up to $5 million and minimum DSCR of 0.75 make them suitable for investors acquiring large multifamily or mixed‑use properties. A 20 percent down payment and credit score 660+ are required. While rates may be slightly higher, this lender is valuable for high‑net‑worth individuals seeking to deploy substantial capital in Nashua.

6. OfferMarket – Online Marketplace

OfferMarket sets a DSCR requirement of approximately 1.11 and recommends credit scores above 660. Their platform aggregates quotes from multiple lenders, which can help Nashua investors compare rates and terms. However, the higher DSCR threshold may limit financing for properties with lower margins.

7. Easy Street Capital – No Minimum DSCR

Easy Street Capital offers rates starting at 5.75 percent and LTV up to 80 percent. They have no minimum DSCR requirement, enabling financing of properties with lower cash flow. The program is popular in New Hampshire due to steady price growth and rental demand. However, they may require higher reserves or points when DSCR is low.

8. St. Mary’s Bank – Local Credit Union

St. Mary’s Bank provides investment property loans for 1–4 unit residential properties and mixed‑use buildings. The credit union offers adjustable and fixed‑rate programs, making them a good choice for investors with strong personal income and a preference for local service. Their loans are not DSCR‑based; borrowers must qualify through personal income and may need larger down payments and documentation.

9. Service Credit Union – Commercial Financing

Service Credit Union finances multi‑unit and commercial properties and may be suitable for Nashua investors developing retail or office space. Membership is required and underwriting relies on business financials, not DSCR. They are an option for those seeking commercial mortgages rather than residential rentals.

DSCR Loan Rates, Terms and Qualifications in Nashua

Rates and qualification factors in Nashua mirror those described for Manchester. Rates typically start between 5.75 and 6.5 percent, LTVs range from 70–85 percent, and minimum DSCR requirements span 0.75–1.11. Credit scores of 650–680 and down payments of 20–25 percent are generally required. Investors should maintain 6–12 months of reserves and provide rent comparable data or lease agreements.

Avoiding Common DSCR Mistakes in Nashua

The mistakes described in the Manchester section apply equally in Nashua: overestimating rents, underestimating expenses, neglecting reserves or prepayment penalties and misunderstanding local market dynamics. Because Nashua’s neighborhoods vary widely in price and rent, investors must adjust DSCR calculations to match specific submarkets. For example, Southwest and Northeast Nashua command higher rents but also higher prices; thus, the DSCR ratio may remain similar to more affordable neighborhoods despite larger mortgages. Conservative underwriting helps ensure cash flow supports debt obligations.

DSCR vs. Conventional Loans in Nashua

The differences between DSCR and traditional financing remain the same: DSCR loans rely on property cash flow, have higher rates and down payments but greater flexibility and no property count limits. Conventional loans offer lower rates but require personal income documentation and restrict the number of financed properties. Investors should evaluate property size, personal income and long‑term strategy before choosing a loan type.

Who Benefits Most from DSCR Loans in Nashua

• Tech professionals or business owners with variable income but strong rental property cash flow.
  
• Investors seeking to purchase multiple properties quickly to take advantage of Nashua’s limited inventory.
  
• Short‑term rental hosts capitalizing on weekend visitors from Boston.
  
• Portfolio builders using LLCs for liability protection.
  

DSCR loans may not suit owner‑occupants or investors with limited capital, as down payments and reserves are significant. Those with high personal incomes who plan to hold a small number of properties may find conventional loans cheaper.

Nashua‑Specific Investing Considerations

1. High property values in top neighborhoods. Northeast Nashua and North End command premium prices. Evaluate whether rental income justifies mortgage payments at these price points, or consider more affordable areas like Southeast Nashua.
   
2. Cross‑border commuting. Many Nashua residents work in Massachusetts. Properties near highway access or commuter bus routes may attract higher rents.
   
3. Short‑term rental demand. Proximity to Lowell and Boston, plus local events and shopping, drives weekend tourism. Ensure compliance with city ordinances and HOA rules.
   
4. Property tax and insurance costs. New Hampshire has no state income tax, but local property taxes are high. Factor property taxes and insurance into DSCR calculations to avoid underestimating expenses.
   
5. Weather and maintenance. Harsh winters can strain older homes. Budget for roof, heating and insulation upgrades when evaluating DSCR viability.
   

Conclusion

Nashua’s strong economy, proximity to Boston and attractive quality of life fuel a real‑estate market with high demand and rising rents. Median home prices around $497,900 and rents near $2,295 per month produce solid returns for well‑selected properties. DSCR loans allow investors to leverage cash flow rather than personal income, unlocking financing for multiple properties and larger deals. After reviewing the top lenders, SelectHomeLoans.com emerges as the premier choice thanks to its flexible underwriting, local expertise and investor‑centric service. By partnering with the right lender and carefully analyzing neighborhood dynamics, investors can harness DSCR financing to build enduring wealth in Nashua.