Updated Rates as of August 2026
Investors in Indiana evaluating best DSCR lenders need local rent coverage, insurance, and title fluency — not just a national rate grid. Metro hub: Indianapolis.
Methodology & disclosures
- Indiana basis lens: Marion County $150K–$220K SFR and Fountain Square duplex files clear 1.15+ DSCR inland — we rank lenders on whether their grid survives Marion reassessment at refi.
- Spillover markets: Fort Wayne and Northwest Indiana deals near Chicago get separate insurance and tax assumptions from Indy core.
- Jaken Finance Group Indiana terms are at loan options; ranking policy is in editorial standards.
- Not financial advice. Pre-1978 landlord policies and winter turnover can push PITIA above LOI assumptions.
Best DSCR lenders — 2026 shortlist
1. Jaken Finance Group — focus-market DSCR + bridge-to-hold
Best for: Rental and BRRRR investors in Indiana with Indianapolis market depth
Jaken Finance Group targets Indiana sponsors buying $150K–$220K Marion County SFR and Fountain Square duplex stock where inland insurance keeps DSCR 1.15+ at 75% LTV without coastal load. DSCR purchase, cash-out, rate-and-term, and bridge-to-DSCR let Irvington and Bates-Hendricks BRRRR operators bridge rehab, lease up, and refi without switching lenders mid-seasoning. Qualified files price 5.75%–10.5% fixed or ARM with up to 85% purchase/R&T and 80% cash-out in select Indiana markets. When appraisal, landlord policy, and executed lease are in file, ~14 business days is the standard close — important before Marion reassessment resets tax escrow at refi. Details: loan options · Indianapolis DSCR hold math.
Compare: Kiavi DSCR vs Jaken · Visio alternatives · CoreVest vs Jaken DSCR
2. Visio Lending — institutional DSCR scale
Best for: Marion County SFR investors building 10+ door portfolios on $150K–$220K basis stock.
Visio’s blanket DSCR fits Indianapolis east-side and west-side SFR corridors where inland insurance runs $140–$180/mo and ratios clear 1.15+ at 75% LTV. Side-by-side duplexes in Fountain Square and Bates-Hendricks may need two-unit rent documentation that their default single-family workflow does not always accommodate — confirm asset class before appraisal order.
Visio alternatives
3. CoreVest (Finance of America) — rental portfolio platform
Best for: Indiana portfolio landlords scaling across Indianapolis, Fort Wayne, and Evansville rental corridors.
CoreVest’s portfolio refi depth rewards sponsors who have assembled stabilized doors where Marion County reassessment at refi is the main ratio variable, not coastal insurance spikes. Bridge-to-hold on pre-1978 stock can extend when winter turnover and $1,400–$2,100/yr landlord policies push PITIA above the grid you saw at LOI — model full insurance before you lock.
CoreVest alternatives
4. Kiavi — tech-forward rental + flip
Best for: Indianapolis BRRRR sponsors who want flip rehab and rental refi tracked on one platform.
Kiavi suits experienced operators in Fountain Square and Irvington where post-rehab appraisal and executed lease drive a 75% LTV refi inside 90–120 days of bridge close. Short-seasoning or no-seasoning cash-out rules vary — verify program seasoning before you assume you can recycle capital on a Fountain Square case study timeline.
Kiavi DSCR vs Jaken
5. Lima One Capital — published rental grids
Best for: Indiana sponsors comparing tiered leverage on duplex and SFR hold exits before they bid.
Lima One’s published experience matrices help Marion County investors see how door count and track record shift max LTV on deals that already model ~1.19 DSCR at inland insurance rates. Their national grid may not stress full reassessment at refi — ask whether underwriting uses acquisition-year tax or post-rehab assessed value before you commit to leverage.
Lima One vs Jaken DSCR
How we evaluated Indiana DSCR lenders
Marion County DSCR wins on basis and inland insurance, not appreciation headlines. We ranked lenders on duplex corridor appetite, short-seasoning refi programs, and whether they model full reassessment at refi — not on generic Midwest rate bands. Proof point: Indianapolis DSCR hold math 2026.
Worked DSCR — Fountain Square SFR (post-BRRRR)
From Indianapolis DSCR hold math. Assumptions: 75% LTV on $262K appraisal, 7.0% rate, executed lease.
| Line item | Monthly |
|---|---|
| Gross rent | $1,625 |
| Vacancy (6%) | ($98) |
| Property tax (Marion County) | ($278) |
| Insurance (inland, pre-1978 stock) | ($158) |
| Maintenance reserve (7%) | ($114) |
| NOI | ~$977 |
| Debt service @ 75% LTV | ~$820 |
| Estimated DSCR | ~1.19 |
The same gross rent in a coastal market often models 0.95–1.05 once wind and flood load hit PITIA — Marion County’s $150–$350/mo insurance advantage is the ratio edge.
What to verify on an Indiana DSCR lender
- Duplex and side-by-side acceptance — Fountain Square and Bates-Hendricks deals need two-unit rent rolls, not SFR-only grids
- No-seasoning or short-seasoning cash-out — BRRRR capital recycling depends on refi timing (Indianapolis BRRRR cash-flow guide)
- Reassessment at refi — Marion County may bump assessed value to post-rehab appraisal; model full tax, not acquisition-year bill
- Winter turnover reserve — 5%–8% vacancy is standard; lenders ignoring seasonal lease-up on east-side stock understate risk
- Bridge-to-DSCR on one relationship — Hard money lenders Indianapolis acquisition should map cleanly to DSCR loans Indiana exit
Indiana investors working with Jaken Finance Group can expect DSCR rates from 5.75%–10.5%, leverage up to 85% on purchase and rate-and-term and 80% on cash-out refis, and a ~14 business day funding timeline on complete Marion County rental packages.
Red flags on Indiana DSCR files
- Zillow rent on a pre-1978 SFR without lease — Underwriters want executed lease or market rent study
- Insurance under $100/mo in pro forma — Pre-1978 stock runs $1,400–$2,100/yr inland
- Ignoring 3.15% state income tax on sponsor reserves — Thin files need honest post-tax liquidity
- National grid declining Marion County duplexes — Confirm asset class before inspection period expires
- 12-month seasoning required after BRRRR — Traps capital on Fountain Square case study economics
Closing take — Indiana
Indiana DSCR rewards lenders who underwrite Marion County basis honestly — low purchase price plus inland insurance beats rate-shopping alone. Model on the DSCR calculator, read the Indiana DSCR investor guide 2026, and compare terms in the Indiana hard money and DSCR rate report.
Fort Wayne and Allen County — separate market from Marion
Allen County SFR at $175K–$210K basis with $1,450–$1,650/mo rent models 1.22–1.32 DSCR at 75% LTV — similar ratio to Marion but higher basis and slower appreciation. Lenders who lump “Indiana” into one grid miss Allen County’s lower property tax rate (~$210/mo vs Marion $278/mo on comparable stock) and newer housing stock with lower landlord insurance.
| Line item | Marion County SFR | Allen County SFR |
|---|---|---|
| All-in basis | $195K–$224K | $175K–$210K |
| Gross rent | $1,550–$1,700/mo | $1,450–$1,650/mo |
| Insurance (pre-1978 vs 1990+) | $158/mo avg | $125–$145/mo |
| DSCR @ 75% LTV | ~1.19 | ~1.25–1.32 |
Kiavi and Visio handle Allen County template SFR well. BRRRR operators recycling capital need no-seasoning or short-seasoning cash-out confirmed before bridge close — see Gary no-seasoning case study.
Northwest Indiana — Chicago spillover underwriting
Lake and Porter County rentals compete with Chicagoland comps but carry Indiana property tax and landlord insurance — often $80–$120/mo lower PITIA than south Cook SFR at similar rent. Hammond and Gary duplex stock at $120K–$160K basis can clear 1.35+ DSCR with higher vacancy reserve (8%–10%) for industrial-corridor turnover. Lenders must accept Indiana title and LLC vesting while understanding Chicago MSA rent comps — national grids that decline Gary outright waste investor time. Jaken Finance Group publishes Indiana DSCR 5.75%–10.5% with Marion and NW Indiana focus.