DSCR LOANS · Rhode Island (RI) Underwriting Matrix

Rhode Island DSCR Rental Loans (1–4, 5–8, 5–9, 5–10, 5–25 & 5+ Units) — 2026 Rates, LTV Caps & State Rules

Rhode Island DSCR Loans provide business-purpose real estate investors with Up to 80% LTV Purchase / 75% Cash-Out across loan amounts from $100,000 – $15,000,000+ at 6.375% – 8.25% (Wholesale Tier Dependent) (30-Yr Fixed, 5/1 & 7/1 ARM, 10-Yr IO, 40-Yr IO, 620 – 660+ FICO min FICO, 14 – 21 Business Days close). In Rhode Island (RI), lenders underwrite to a Non-Judicial (Statutory Power of Sale) statutory framework (65–95 days-day average timeline), a 1.4% average property tax rate (~$519/mo at the $445,000 state median), and $540/$100K hazard insurance (~$200/mo).

Max Leverage / LTC

Up to 80% LTV Purchase / 75% Cash-Out

Min FICO: 620 – 660+ FICO

2026 Rate Band

6.375% – 8.25% (Wholesale Tier Dependent)

30-Yr Fixed, 5/1 & 7/1 ARM, 10-Yr IO, 40-Yr IO

RI Security Instrument

Non-Judicial (Statutory Power of Sale)

65–95 days days avg timeline

RI Avg Tax & Ins

1.4% Tax

$540/$100K Hazard Ins

How DSCR Loans Work in Rhode Island (RI)

Debt Service Coverage Ratio (DSCR) loans qualify real estate investors strictly on the subject property’s rental cash flow (DSCR = Monthly Rent ÷ Monthly PITIA for 1–4 units, or Annual NOI ÷ Debt Service for 5+ units) rather than personal W-2s or federal tax returns. Loan Daddy LLC (NMLS #2827624) underwrites 1–4, 5–8, 5–9, 5–10, 5–25, and 5+ unit properties up to 80% LTV nationwide.

1. Rhode Island Median Benchmark

Median 1–4 unit price of $445,000 (75% LTV = $333,750) with Form 1007 rent of $3,250/mo and multifamily rent of $1,860/door.

2. Escrow & Title Underwriting

Rhode Island operates under a Non-Judicial (Statutory Power of Sale) regime (65–95 days days). Lenders require ALTA lender's title endorsement, LLC Good Standing, and 6 months PITIA liquidity reserves.

3. Fast-Track Closing (14 – 21 Business Days)

Close in your Rhode Island LLC or Delaware LLC registered in RI with zero personal tax returns, W-2s, or 4506-C transcripts.

Explore Other Programs in Rhode Island

Rhode Island Hard Money Loans (Up to 85%–90% LTC / 75% ARV)Rhode Island Private Money Loans (Up to 80% LTV / 85% LTC)Rhode Island Fix & Flip Loans (Up to 90% Purchase + 100% Rehab (75% ARV Cap))Rhode Island Bridge Loans (Up to 80% LTV Acquisition / 75% Bridge Cash-Out)Rhode Island Ground-Up Construction (Up to 85% LTC / 70%–75% Completed ARV)Rhode Island Multifamily (5+ Units) (Up to 75%–80% LTV Purchase / 70%–75% Cash-Out)Rhode Island Commercial Property (Up to 75% LTV)Rhode Island Rehab & BRRRR Loans (Up to 85%–90% LTC + 100% Rehab Escrowed)Rhode Island Cash-Out Refinance (Up to 75% LTV Cash-Out (Select 80% LTV Tiers))