DSCR Financing in MI

DSCR Loans in Michigan

Detroit's extreme cash-flow math, Grand Rapids stability, and Ann Arbor student rentals. Michigan is a three-speed DSCR market with very different operator profiles.

Local Market Context

Investor Markets in Michigan

Detroit

Famously deep cash-flow market, extreme rent-to-value on the low end with high operational risk.

Grand Rapids

Stable growing metro with diversified employment and strong appreciation.

Ann Arbor

University of Michigan rentals with premium student housing and steady tenant base.

Lansing

State capital and MSU rentals with affordable entry and stable demand.

Flint

Ultra-low entry workforce housing for specialist operators who know the submarkets.

Common Properties

What Investors Finance in Michigan

✓Detroit SFR and small multifamily cash-flow rentals
✓Grand Rapids SFRs and duplexes
✓Ann Arbor student housing
✓Lansing MSU-adjacent rentals
✓Section 8 inventory in Detroit and Flint

Property Types

DSCR Property Eligibility

Depending on the selected capital partner, eligible property types can include single-family rentals, condos, non-warrantable condos, 2 to 4 units, 5 to 8 units, 9 to 20 units, rural properties with leverage adjustments, and mixed-use properties that are at least 50% residential.

Refinance options Purchase options

Program Paths

Current DSCR Options in Michigan

Get Brick Capital works direct-to-wholesale across multiple capital partners. These are separate program paths, so the strongest feature from one option should not be assumed to combine with another.

Program 3

Completed Rehab

A completed renovation can use the new ARV immediately. Minimum 660 FICO, $75,000 loan, $100,000 property value, and no executed lease required.

Program 1

Small Balance

Loans can start at $50,000 with a $75,000 minimum property value. New-ARV cash-out generally requires at least 91 days and a lease is required.

Program 7

Low / No FICO, No Minimum DSCR

Qualifying purchases can reach up to 75% LTV and refinances up to 60% LTV, with no minimum DSCR ratio requirement and loan amounts up to $10 million. Pricing is materially higher than standard-credit programs.

80% cash-out can be available in Michigan. Program 3 can reach up to 80% cash-out LTV at 680+ FICO in this state, subject to DSCR, property type, value, loan size, and other overlays.

Michigan DSCR FAQ

Does Get Brick Capital offer DSCR loans in Michigan?

Yes. Michigan is one of the 46 states Get Brick Capital currently services through its wholesale capital-partner network.

Is Program 7 available in Michigan?

Yes. Program 7 can be available in Michigan for qualifying low-FICO, no-FICO, or no-minimum-DSCR scenarios. Purchases can reach up to 75% LTV and refinances up to 60% LTV.

Do I need W-2s or personal tax returns?

DSCR income qualification does not use W-2s, pay stubs, or personal tax returns. The most recent two months of bank statements are generally still required to verify closing funds and liquidity, and eligible assets can be used for reserves.

Can I close the loan in an LLC?

Yes. DSCR loans can close in an LLC. Other eligible vesting can include individual ownership, corporations, and approved trusts depending on the program.

See Your Michigan DSCR Options

No credit pull for the initial quote. Rates within 24 hours. Typical 28-day close with complete documentation.

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