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✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026
Rates

Rhode Island DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 5.80%

Rental property financing for Rhode Island investors qualified on property cash flow, not personal income, W-2s, or tax returns. Serving Providence, Warwick, Cranston and the rest of Rhode Island. If the property cash-flows at 1.2× the mortgage, you may qualify.

  • 1.2 DSCR minimum
  • Credit is lender underwriting
  • Best-tier from 5.80%
  • 21–30 day close

Indicative as of August 1, 2026. Not a quote. Lenders set final pricing at underwriting.

See If You QualifyCalculate Your DSCR

Can I get a DSCR rental loan in Rhode Island?

Yes. DSCR loans in Rhode Island qualify investors based on property cash flow with a 1.2 DSCR minimum. Credit and equity injection are lender underwriting. PeerSense does not set a FICO floor. No tax returns, W-2s, or DTI calculation required. 1–4 unit residential and 5+ unit multifamily eligible. Governed best-tier floor 5.80% from rate-floors.json.

Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated August 1, 2026.

Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.

Rhode Island Rental Market Snapshot

State-level data DSCR underwriters use to size Rhode Island rental deals.

Median Home Price
$425K
Statewide single-family
Gross Rental Yield
5.0–7.0%
Annual rent / price
Eviction Timeline
45–75 days
mixed
Rate Adjustment
neutral
vs national baseline

Rhode Island's DSCR market is concentrated in greater Providence and a niche coastal STR market in Newport, Narragansett, and Watch Hill. Providence multifamily inventory (triplexes, quadplexes) is one of the deepest BRRRR opportunities in the Northeast. Brown University and the eds/meds base anchor stable LTR demand.

Major Rhode Island Markets We Serve

Active DSCR deal flow across Rhode Island's core rental markets. Same DSCR math statewide. Credit and equity injection are lender underwriting.

MetroMedian PriceGross YieldDSCR Investor Notes
Providence$365K6.0–7.5%Largest RI market, Brown/eds-meds employment, deep multifamily inventory
Warwick$405K5.5–6.5%Airport/state-government employment, suburban LTR demand
Cranston$425K5.0–6.5%Premium Providence suburb, family LTR demand, strong schools
Rhode Island investor note:Rhode Island has no statewide rent control. Providence's 2024 rent-stabilization study has not produced binding policy. Coastal Newport/Narragansett produces strong STR DSCR.

Rhode Island Eviction Timeline & Landlord Posture

How Rhode Island courts handle non-payment evictions, material to DSCR loss-severity assumptions.

Posture
mixed
Typical Timeline
45–75 days
Rent Control
None / preempted

Rhode Island RIGL 34-18 requires a 5-day demand for non-payment. District Court calendars in Providence schedule hearings 14–21 days after filing.

Rhode Island Rate Adjustment vs National Baseline

neutralover national baseline pricing

Small-state market priced on national curves; coastal STR offset modest court-calendar friction.

Final pricing depends on DSCR, LTV, property type, and program. Credit is lender underwriting. Governed best-tier floor 5.80% from rate-floors.json as of August 1, 2026.

DSCR Lenders Active in Rhode Island

The non-bank DSCR programs we see most frequently funding Rhode Island rental deals. PeerSense matches your scenario across this lender set rather than locking you into one.

  • Visio Lending
  • Lima One
  • CoreVest

PeerSense is independent, not a lender. Lenders listed are programs we have funded Rhode Island deals through; specific terms vary by file.

Rhode Island DSCR Loan Requirements

RequirementMinimumNotes
DSCR1.201.00+ exists on specialty programs. Credit and equity are lender underwriting.
CreditLender underwritingPeerSense does not set a FICO floor. Capture the score on the form.
EquityLender underwritingPurchase DSCR is commonly structured around 65 to 75% LTV. PeerSense does not set a typical down.
Property Type1–4 units or multifamilyCondos, townhomes, STRs OK where legal
Income DocsNoneNo tax returns, W-2s, DTI check
Reserves6 months PITIAChecking, savings, stocks qualify
Close Time21–30 daysCash-out refi: 14–21 days

Not a commitment to lend. Rates and terms subject to underwriting. See our full DSCR loan guide for the complete program.

Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.

Get Rhode Island DSCR Loan Terms

DSCR Rental: Response within 24–48 hours. No obligation.

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