New Silver
New Silver positions itself as the low-barrier entry point for newer investors. No experience requirement, 660 FICO floor, and DSCR down to 0.75. Their online platform is streamlined and their cash-out LTV matches purchase at 80%, which is unusual since most lenders cap cash-out 5% lower. The trade-off is pricing: rates tend to run 0.50% to 0.75% higher than competitors like Lima One. They cover all 50 states plus DC, making them one of the broadest in geographic reach.
- No investor experience required
- 80% LTV on both purchase and cash-out (unusually equal)
- All 50 states + DC
- Online-first platform with fast processing
- 5-4-3-2-1 step-down prepayment
Loan requirements
| Minimum DSCR | 0.75 (at median of 0.75) |
| Minimum FICO | 660 (at median of 660) |
| Max LTV (purchase) | 80% |
| Max LTV (cash-out) | 80% |
| Min loan amount | $150,000 |
| Max loan amount | $3,000,000 |
| Prepayment penalty | 5-4-3-2-1 |
| BRRRR seasoning | Not disclosed |
Programs and coverage
| Short-term rentals (STR) | Yes |
| Foreign nationals | No |
| State coverage | All 50 states + DC |
| Channel | Direct to investor |
Best for
- Investors with thin-margin properties (sub-1.0 DSCR)
- Short-term rental (Airbnb/VRBO) investors
How New Silver compares
Across the 16 DSCR lenders in our database:
- DSCR floor of 0.75 matches the market median.
- FICO minimum of 660 matches the market median.
- 80% max LTV is standard for the DSCR market. Most mainstream lenders cap at 80%.
- STR program available. 12 of 16 lenders in our dataset accept short-term rentals.
For a full side-by-side comparison, see the lender comparison matrix. Or use the DSCR loan qualifier to find which lenders match your specific deal.
Run your numbers
Before reaching out to New Silver, model your deal:
- DSCR Calculator to verify your property's debt service coverage ratio
- DSCR Loan Calculator to estimate monthly payments and qualification
- Airbnb/STR DSCR Calculator to model short-term rental income scenarios
- Cash-Out Refi Calculator to see how much equity you can pull out
Frequently asked questions
Is New Silver a good DSCR lender?
New Silver is a legitimate DSCR lender with terms last verified on 2026-06-11. Whether they are a good fit depends on your specific deal. Their 0.75 DSCR floor is in line with the market median of 0.75. Compare their terms against 2-3 other lenders before committing.
What is the minimum credit score for New Silver?
New Silver requires a minimum FICO score of 660. This is at the lower end of the mainstream range. Higher scores (740+) will qualify for better rates and higher LTV.
Does New Silver do short-term rental loans?
Yes, New Silver offers DSCR loans for short-term rentals (Airbnb, VRBO). STR programs typically come with slightly lower max LTV and potentially higher DSCR requirements compared to long-term rental programs.
Does New Silver work with foreign national investors?
No, New Silver does not currently offer a foreign national program. For FN lending, consider Griffin Funding, A&D Mortgage, or CoreVest Finance.
What states does New Silver lend in?
New Silver's coverage: All 50 states + DC. DSCR lender state coverage changes over time based on licensing and regulatory requirements. Always confirm your state is covered before starting an application.
What is the prepayment penalty at New Silver?
New Silver's prepayment penalty structure is: 5-4-3-2-1. A 5-year step-down means the penalty decreases each year. On a $300,000 loan, that is $15,000 in year one, $12,000 in year two, and so on.