The Best DSCR Lenders in New Hampshire (Rental Property Loans) [2025 Guide]

New Hampshire boasts beautiful natural scenery, low taxes, and a robust tourism and tech economy. The state’s rental market has seen steady demand driven by proximity to Boston, strong employment in sectors like healthcare and software, and a growing population in southern cities like Manchester and Nashua. Average home prices in New Hampshire are relatively high (around $446,602, higher than the national average), but rental rates are also high, making it appealing for investors. DSCR loans are particularly helpful here because they allow investors to finance properties based on rental cash‑flow rather than personal income. This guide explains DSCR loans, outlines New Hampshire‑specific requirements, ranks top lenders with Select Home Loans at the top, and provides guidance on choosing and applying for DSCR financing.

Overview of DSCR Loans

A DSCR loan is designed for real‑estate investors seeking financing for income‑producing properties. It evaluates the ratio of net operating income to debt service (mortgage payments, taxes, insurance). According to New Silver, DSCR is calculated by dividing net operating income by the property’s debt obligations. A ratio above 1 means the property generates enough income to cover its debts; lenders often want to see at least 1.25. Constitution Lending notes that DSCR of 1.2 or higher qualifies borrowers for better rates, though some lenders will accept 0.75.

Benefits of DSCR Loans for New Hampshire Investors

• Qualification based on property cash‑flow. Instead of relying on personal income, lenders focus on rental income, which is ideal for investors who are self‑employed or have complex tax situations.
  
• High loan amounts and flexible terms. Lenders like New Silver offer loans up to $3 million with LTV up to 80 % and interest rates starting at 5.875 %. Griffin Funding allows DSCR as low as 0.75 and loan amounts up to $5 million.
  
• Faster approvals. DSCR loans require less documentation than conventional mortgages. New Silver and Griffin Funding often close within a few weeks, enabling investors to move quickly in competitive markets.
  
• Investor‑friendly structures. Borrowers can close in an LLC, own multiple financed properties and even choose interest‑only payments.
  

New Hampshire DSCR Requirements

• Minimum DSCR. Griffin Funding’s New Hampshire page says that borrowers must have a DSCR of 0.75 or higher. Constitution Lending explains that DSCR of 1.2 qualifies for the best rates.
  
• Down payment and LTV. Borrowers should expect a 20 % down payment. New Silver states that their program offers LTV up to 80 %.
  
• Credit score. New Silver requires a minimum FICO of 660. Griffin Funding notes that borrowers should have a credit score of at least 620 to qualify and that down payments might be higher for lower credit.
  
• Loan amounts. New Silver offers loans from $150k to $3 million. Griffin Funding provides loans up to $5 million. Loans below $100k are rare because DSCR lenders prefer larger transactions.
  
• Property types and occupancy. DSCR loans are only for non‑owner‑occupied investment properties. Eligible properties include single‑family homes, 1–4 unit multifamily, townhomes, condos and short‑term rentals.
  
• Reserves and documentation. Lenders will request leases, rent rolls, bank statements, property insurance, and an appraisal to verify rental income and property value.
  

New Hampshire Real Estate Landscape

New Hampshire’s real‑estate market is characterized by high home prices and strong rental demand. The state ranks 12th in rental rates nationally and has an average property price of $446,602, which is higher than the national average. Southern New Hampshire benefits from proximity to Boston; many residents commute across state lines, driving rental demand in cities like Nashua and Salem. Manchester, the state’s largest city, has a growing tech sector and major healthcare employers. Vacation rental demand is also strong around the Lakes Region and White Mountains. These dynamics create opportunities for investors using DSCR loans to finance long‑term rentals, student housing, or short‑term vacation properties.

Despite its small size, New Hampshire’s housing market is highly diverse. Southern counties such as Rockingham and Hillsborough are part of the Boston commuter shed, with high home prices and a shortage of apartments. This drives demand for quality rentals and allows investors to charge premium rents. By contrast, the rural northern part of the state relies heavily on tourism, especially skiing in winter and lake vacations in summer. Towns near the White Mountains and the Lakes Region see seasonal spikes in occupancy and revenue. Investors who use DSCR loans can capitalize on these patterns by purchasing duplexes, cabins or cottages that perform well on short‑term rental platforms. Because DSCR qualification focuses on rental income rather than personal income, lenders can underwrite these properties based on projected bookings.

Investors should also consider New Hampshire’s tax environment. The state does not levy personal income tax or general sales tax, but it has high property taxes to fund local services. This means you should factor property tax rates into your cash‑flow analysis when calculating DSCR. In addition, some cities require landlords to register rental properties and adhere to safety codes; failure to comply could affect your property’s cash‑flow and DSCR. Working with lenders that understand New Hampshire’s regulatory environment and seasonal rental patterns can help you structure deals that maintain DSCR above lender thresholds and maximize profitability.

Top DSCR Lenders in New Hampshire

1. Select Home Loans – Best Overall for Personalized Service

Website: SelectHomeLoans.com

Phone: 888-550-3296

Select Home Loans sits at the top of our ranking thanks to its flexible DSCR programs and consultative approach. They offer 30‑year fixed and interest‑only options, allow closing in an LLC, and guide investors through DSCR calculations and local market analysis. Borrowers appreciate their transparency and quick turnaround times. Select Home Loans’ willingness to finance multiple properties makes them ideal for investors building portfolios in Manchester, Nashua and resort areas.

2. New Silver – Best for Tech‑Savvy Investors

New Silver provides DSCR loans up to $3 million, with LTV up to 80 %, interest rates starting at 5.875 % and minimum FICO 660. Their DSCR requirement is 0.75, and they highlight that some loans may have no minimum DSCR requirement. New Silver operates a digital platform for fast approvals and minimal paperwork, making them a good fit for investors who value convenience.

3. Griffin Funding – Best for High‑Balance Loans and Lower DSCR

Griffin Funding offers New Hampshire DSCR loans with maximum loan amounts of $5 million and requires a minimum credit score of 660. They recommend a DSCR of at least 1.25 but will consider ratios below 1.0 with higher down payments. Griffin Funding also permits unlimited financed properties and unlimited cash‑out options.

4. Longleaf Lending – Best Private Lender for Quick Closings

While based in Texas, Longleaf Lending serves investors in multiple states, including New Hampshire. They offer DSCR loans between $75k and $2 million, LTV up to 80 % and interest rates starting at 6.6 %, with closing times as fast as two weeks. A minimum FICO of 660 is required. Longleaf is a solid choice for investors who value speed and personal service.

5. Lima One Capital – Best for Strong DSCR Borrowers

Lima One Capital requires borrowers to have DSCR of 1.5 or more and a minimum FICO of 700. They offer 5‑, 10‑ and 30‑year terms, up to 75 % LTV and loan amounts between $75k and $3 million. Though their requirements are strict, Lima One suits experienced investors seeking higher loan amounts and long‑term stability.

6. Angel Oak – Best for Extended Term Options

Angel Oak provides DSCR loans with loan amounts up to $1.5 million and 40‑year interest‑only terms. Their program allows financing multiple properties and is ideal for investors seeking long amortization and flexible underwriting.

7. Truss Financial Group – Best for No‑Ratio DSCR Loans

Truss Financial Group offers 30‑year fixed DSCR loans and unique “no ratio” loans where rental income documentation is not required. They finance loans between $100k and $3 million. Truss is attractive to investors in New Hampshire repositioning short‑term rental properties or those with irregular income.

Choosing a DSCR Lender in New Hampshire

Consider these factors:

1. Maximum loan amount and property type. Ensure the lender’s loan limits cover your purchase. Griffin Funding’s $5 million cap is great for higher priced properties, while New Silver’s $3 million cap suits smaller rentals.
   
2. DSCR and credit score. If your property’s DSCR is near 0.75 or you have a mid‑600s credit score, lenders like New Silver or Griffin Funding may accept you. If you have a high DSCR and credit, Lima One could offer better terms.
   
3. Closing speed and service. If you need a fast close, consider Longleaf Lending or Select Home Loans. For a tech‑enabled experience, choose New Silver.
   
4. Local market knowledge. Select Home Loans and New Silver provide personalized guidance for New Hampshire markets. Choose a lender who understands local rental demand and regulations.
   
5. Fees and rates. Compare points and interest rates. Longleaf Lending lists rates starting at 6.6 %. Some lenders may require additional points for lower DSCR or credit scores.
   

Applying for a New Hampshire DSCR Loan

1. Identify a property and research cash‑flow. Consider neighborhoods with strong rental demand such as Manchester’s downtown, Nashua’s commuter belt or resort areas near Lake Winnipesaukee. Determine potential rent and subtract expenses to estimate net operating income.
   
2. Calculate the DSCR. Use the formula net operating income divided by annual debt service. Aim for DSCR above 1.25 to secure the best terms.
   
3. Gather documents. Provide leases, rent roll, bank statements and property insurance. Lenders will require an appraisal and may ask for reserves.
   
4. Get pre‑qualified. Contact Select Home Loans or another lender. Discuss the property, your credit score, down payment and experience.
   
5. Submit a full application. Fill out the lender’s application, pay fees and provide documents. The lender will verify your property’s cash‑flow and DSCR.
   
6. Underwriting and approval. Lenders review your credit, DSCR and property value. They might ask for clarifications or more documentation. Once approved, they will issue a loan commitment.
   
7. Closing. Review the final loan terms and sign closing documents. Many DSCR lenders can close within weeks.
   

Seasonality and Tourism Considerations

New Hampshire’s economy relies heavily on tourism, which means rental income can vary dramatically throughout the year. Ski resorts in the White Mountains and lakeside communities like Laconia and Wolfeboro see a surge of visitors in winter and summer, while shoulder seasons may bring fewer guests. When underwriting DSCR loans, lenders will often look at annualized rent projections rather than month‑to‑month cash‑flow. Investors should prepare detailed rental pro formas that account for peak season revenue and off‑season vacancies. Working with property managers who understand local tourist cycles can help you maintain occupancy and keep DSCR above the required threshold. Additionally, consider diversifying your portfolio across long‑term rentals in Manchester or Nashua and short‑term vacation rentals in northern regions to balance seasonality. Lenders may view such diversification favorably because it stabilizes overall cash‑flow. Finally, remember to budget for higher maintenance and marketing costs associated with short‑term rentals; include these expenses in your DSCR calculation to avoid surprises during underwriting.

Conclusion

New Hampshire offers attractive opportunities for real‑estate investors thanks to high rental demand and strong property values. DSCR loans allow investors to finance properties based on cash‑flow rather than personal income. Typical requirements include a DSCR of at least 0.75, 20 % down, and a mid‑600s credit score. Our top choice, Select Home Loans, stands out for its personalized service, flexible terms and willingness to finance multiple properties. By comparing lenders’ DSCR requirements, loan amounts, rates and local expertise, you can secure the best financing for your New Hampshire investment ventures.