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DSCR Rental Loans · Rhode Island

DSCR rental loans in Rhode Island — qualify on the rent.

Mortava DSCR loans in Rhode Island: 620+ FICO, up to 85% LTV, min DSCR 0.50, 30/40-yr fixed — statewide.

Rhode Island is tight Providence inventory with strong multifamily demand. Mortava funds investment properties statewide — up to 85% LTV, 30 & 40-year fixed, no tax returns — so you can buy and refinance in Providence, Warwick, Cranston and beyond on the deal's cash flow.

No tax returns, W-2s, or DTI — qualify on the rent
Up to 85% LTV · 30 & 40-yr fixed & interest-only
Close in an LLC · soft inquiry only
Get a live Rhode Island term sheet
Soft inquiry only — won't affect your credit.
Business-purpose financing for investors. Indicative terms only — not a commitment to lend.

Why investors finance Rhode Island rentals with Mortava

DSCR loans let Rhode Island investors scale without the income docs a bank requires. Because qualification is based on the property's rent rather than your personal income, there are no tax returns, no W-2s, and no DTI calculation — ideal for self-employed buyers, full-time investors, and anyone growing a portfolio across Providence, Warwick, Cranston.

Providence’s triple-decker stock rents reliably to students, hospital staff, and Boston-priced-out commuters. Rhode Island is compact, but its multifamily fundamentals are outsized.

Top metros we lend in
Providence, Warwick, Cranston
Max leverage
Up to 85% LTV purchase · 80% cash-out CLTV
Terms
30 & 40-year fixed and interest-only
Minimum FICO
620 (better leverage at 660+ / 740+)
Guidelines reviewed July 2026 by the Mortava lending team.

Rhode Island DSCR loan FAQ

Can I get a DSCR loan in Rhode Island?
Yes. Mortava lends on investment properties across Rhode Island, including Providence, Warwick, Cranston. DSCR loans qualify on the property's rent — not your tax returns — so out-of-state and self-employed investors can buy in Rhode Island without W-2s or DTI.
What credit score do I need for a Rhode Island DSCR loan?
Most Rhode Island DSCR programs start at a 620 FICO. Stronger credit unlocks higher leverage (up to 85% LTV) and better pricing, since loans are priced by FICO band.
Can I close a Rhode Island DSCR loan in an LLC?
Yes. These are business-purpose loans, so you can vest title in an LLC or corporation — common for asset protection and portfolio growth in Rhode Island.
Do you lend on rentals in Providence and Warwick?
Yes — Mortava lends across Providence, Warwick, Cranston and every other Rhode Island market. DSCR loans are sized on each property's rent, so a Providence duplex and a small-town single-family are underwritten the same way.
Can an out-of-state investor buy a Rhode Island rental with a DSCR loan?
Yes. Qualification is based on the property's rent in markets like Providence — not your personal income or where you live — so out-of-state investors close Rhode Island DSCR loans routinely.
DSCR rental loans by state
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All DSCR programs → Fix & Flip loans in Rhode Island → Instant quote & pre-qualify →
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