Published terms, read October 29, 2026

Griffin Funding loan terms

Direct-to-consumer mortgage lender founded in 2013 and based in San Diego, California (NMLS 1120111). It offers DSCR loans alongside VA, bank-statement and other non-QM products.

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Griffin Funding: DSCR rental loans

Griffin Funding figures from its own site, read October 29, 2026. Doors Funded programs are arranged by Janover Capital LLC, which is paid when they close.
Term	Griffin Funding	Doors Funded programs
Loan amount	$100,000 to $4,500,000 (larger loans by exception)	$75,000 to $2,000,000
Max LTV (purchase)	Up to 80% LTV standard (20% down). Up to 85% (15% down) with a 740+ FICO on loans up to $1,000,000. Cash-out up to 80% LTV	Up to 80% LTV (75% cash-out)
Min FICO	620	660
Min DSCR	No minimum (no-ratio program available)	1.05x
Experience	Not published	Not required
Property types	1-4 units, condos, townhomes, PUDs and short-term rentals	Single family, 2-4 units, townhomes, PUDs, warrantable condos

Conditions: No tax returns, W2s, employment verification or DTI. The no-ratio program does not use rent to qualify and goes up to 75% LTV with a 700+ FICO. Ratios below 1.0 are approved when reserves and down payment support the deal. Cash-out offers no-seasoning options. Short-term rentals are eligible, with their own coverage minimums and LTV limits, and the market must permit STR use. Prepayment penalties typically run 1 to 5 years, and no-penalty options are available. Interest-only, 30-year and 40-year fixed, ARM and SOFR ARM options. There is no limit on the number of financed properties. Properties must be rent-ready (no fixer-uppers). The lender fee is a flat $1,990. [1] [2]

Where Griffin Funding lends and who can borrow

Lender	Where it lends	Borrowing entity	Foreign nationals
Doors FundedOur programs, arranged by Janover Capital LLC	47 states and Washington, DC. Not available in North Dakota, South Dakota or Vermont.	Business entity (LLC or corporation); full recourse	DSCR: Eligible, up to 65% LTV. Fix and flip: Eligible (some countries excluded). Construction: Eligible.
Griffin Funding	All 50 states and Washington, DC for DSCR loans, per the DSCR page. Its state-licensing page lists licenses in 47 states plus DC (New York, Utah and West Virginia are not on that list). [src][src]	Not required. You can borrow as an individual or through a U.S. LLC with a personal guarantee. Partnership, corporation, S corp or revocable-trust vesting depends on the program. [src]	Offered through a separate Foreign National program: valid visa or visa waiver, at least 20% down, loans up to $5 million, typically up to four units. The DSCR page itself mentions only individuals and U.S. LLCs. [src][src]

Who Griffin Funding fits, on its published terms

Rentals that do not cover the payment. Griffin publishes no DSCR minimum and a no-ratio program (up to 75% LTV with a 700+ score).
Lower credit scores: 620 on DSCR loans.
Larger single-property rental loans, up to $4.5 million.

Check these before you apply

85% LTV needs a 740+ score and a loan of $1 million or less; the standard is 80%.
Griffin also makes consumer mortgages, and publishes no fix-and-flip or construction limits of its own.
Its DSCR page says all 50 states and DC; its state-licensing page lists 47 states and DC, without New York, Utah or West Virginia. Confirm your state first.

Where our programs differ

Coverage: Griffin publishes no DSCR minimum; our program needs 1.05x.
Credit: Griffin lists 620; our program 660.
Borrower: Griffin lends to individuals or entities; our programs lend only to an LLC or corporation.
Products: our programs also cover the flip, bridge and construction loan before the rental loan.

Neither column is a quote. Every lender prices each deal, and the term sheet you get is what counts. If your deal sits near a limit in either column, send it and we will tell you which side of the line it falls on.

Compare with your deal

Griffin Funding against every other lender

Griffin Funding alternatives: the lenders whose published limits go further than Griffin Funding's, case by case.

Sources

Griffin Funding: DSCR loans. Read October 29, 2026.
Griffin Funding: DSCR loan requirements. Read October 29, 2026.
Griffin Funding: Foreign national lending. Read October 29, 2026.
Griffin Funding: State licensing. Read October 29, 2026.