Areas We Serve

At Griffin Funding, we’re committed to serving clients across the beautiful state of Vermont, providing flexible financing solutions tailored to their needs. 

Whether you’re in bustling urban centers or tranquil rural areas, we offer loans that are best tailored to you. Here are some of the cities in Vermont where we proudly serve:

  • Burlington
  • South Burlington
  • Rutland
  • Barre
  • Montpelier
  • Winooski
  • St. Albans
  • Newport
  • Vergennes
  • Essex Junction

No matter where you are in Vermont, Griffin Funding is here to support your financial goals with our loan options.

How Do DSCR Loans Work in Vermont?

In Vermont, debt service coverage ratio loans function as a financing option used to purchase investment properties and short-term rentals. DSCR measures a borrower’s ability to cover their debt obligations through the rental income generated from the property. 

Typically, lenders in Vermont require a DSCR of at least 1.25, which means a property generates more than enough rental income to cover its debt obligations. However, at Griffin Funding, we can work with borrowers in Vermont who have properties with a DSCR of less than 1.0.

Additionally, DSCR loans in Vermont often involve a thorough assessment of the property’s cash flow, expenses, and potential risks. Borrowers must demonstrate strong financial standing and a viable investment strategy to secure approval. By understanding and meeting these criteria, investors can leverage DSCR loans in Vermont to effectively fund their real estate ventures.

Pros and Cons of DSCR Loans

Before applying for a DSCR loan in Vermont, it’s important to consider the benefits and drawbacks of this type of financing. Review some of the pros and cons of DSCR loans below. 


  • No income required: You can qualify for a DSCR loan in Vermont based on a property’s gross rental income rather than your own income. 
  • Flexible financing: DSCR loans offer flexible financing options for real estate investments, allowing borrowers to access capital for various property types and investment strategies.
  • Buy multiple properties: You can purchase as many properties as you want with a DSCR loan, allowing you to quickly expand your real estate investment portfolio. 
  • Quick approval process: Griffin Funding is an experienced DSCR lender that offers a streamlined approval process, so you can get the capital you need quickly. 
  • Unlimited cash-out: With unlimited cash-out, you can take money out of your investment property to fund repairs or use as down payments for other investment properties. 


  • No fixer-uppers: You can’t use a DSCR loan to purchase a fixer-upper and renovate or flip it. Homes purchased with a DSCR loan must be move-in ready. 
  • Relatively high down payment requirement: With this type of financing, you must be able to provide a minimum down payment of 20%. 
  • Limited eligibility: DSCR loans may not be suitable for all borrowers, particularly those with limited income or credit history. Additionally, only investors can qualify for DSCR loans — you cannot use this type of financing to buy a primary residence. 
  • Higher interest rates: Lenders may charge higher interest rates for DSCR loans to compensate for the perceived risk associated with no-income verification home loans

How to Get a DSCR Loan in Vermont

To secure a DSCR loan in Burlington or other cities in Vermont, borrowers typically need to meet certain qualifications:

  • Meet minimum DSCR requirement: Your DSCR will play a key role in whether you get approved for a DSCR loan in Vermont. At Griffin Funding, we can work with borrowers who have a DSCR less than 1.00. However, a good debt service coverage ratio — which tends to be higher than 1.25 — will benefit prospective borrowers.
  • Credit score: Borrowers must have a minimum credit score of 620 to qualify. 
  • $100,000 minimum loan amount: The minimum loan amount for a DSCR mortgage is $100,000, while the maximum loan amount is $20,000,000. 
  • Appraisal: The property in question must go through an appraisal before the loan is approved. 
  • Investment properties only: DSCR loans can only be used for income-generating properties. Primary residences, vacation homes, and so on are not eligible. 

What is the minimum down payment for a DSCR loan?

For a DSCR mortgage loan in Vermont, the minimum down payment typically stands at 20% of the property’s purchase price. This requirement ensures that borrowers have a significant stake in the investment, reducing the lender’s risk and demonstrating the borrower’s commitment to the property. 

Is it hard to get a DSCR loan in Vermont?

Getting a DSCR mortgage loan in Vermont can be considered difficult due to stringent requirements, including meeting the minimum down payment, reserves, credit score, and debt service coverage ratio. However, Griffin Funding, an experienced DSCR lender, streamlines the application and approval process. With a focus on efficiency, Griffin Funding ensures that if borrowers meet the basic qualifications, obtaining a DSCR loan can be relatively quick and straightforward. 

If you find that the DSCR loan requirements are unfavorable to your situation, Griffin Funding offers a range of non-QM mortgages that can serve as alternatives. 

With Griffin Funding’s expertise and commitment to client satisfaction, getting approved for a DSCR loan in Vermont becomes more accessible, empowering borrowers to build a real estate portfolio with confidence.

Partner With the Leading DSCR Mortgage Lender in Vermont

Partnering with Griffin Funding means accessing the expertise of the leading DSCR mortgage lender in Vermont. Griffin Funding offers comprehensive support for borrowers seeking debt service coverage ratio loans, leveraging years of experience in the industry. 

With a streamlined application process and a commitment to efficiency, Griffin Funding ensures that getting a DSCR mortgage in Vermont is straightforward and hassle-free. Borrowers benefit from personalized guidance and tailored financing solutions designed to meet their specific needs and investment goals. Another standout feature of Griffin Funding’s service is the Griffin Gold app, which makes the loan process simpler by providing resources such as specialized calculators, financial management tools, and direct support from mortgage professionals.  

Whether you’re a seasoned investor or a first-time buyer, Griffin Funding offers the resources and support necessary to navigate the complexities of DSCR financing with confidence.  Partner with Griffin Funding today by applying for a DSCR loan online.