Overview
New Silver (based in West Hartford, CT, hard money) and Renovo Financial (based in Chicago, IL, hard money) are both non-QM lenders serving real estate investors. New Silver serves National; Renovo Financial serves Chicago / national.
New Silver's figures were checked against its published materials as of 2026-09-17; the other lender's figures below are not independently dated and should be confirmed directly. Rates and terms change and are not a quote for either lender.
New Silver vs Renovo Financial: attribute by attribute
| Attribute | New Silver | Renovo Financial |
|---|---|---|
| Interest rate range | 9.5%–11.75% | 9.5%–12.5% |
| Origination points | 1–3 points | 1–3 points |
| Minimum credit score | 660 | Not publicly published |
| Minimum DSCR | 0.75 | Not publicly published |
| Max LTV | 85% | 85% |
| Max LTC | 90% | 90% |
| Minimum loan size | $100K | $100K |
| Maximum loan size | $3.0M | $5.0M |
| States covered | 39 states | Not publicly published |
| Typical close time | 5-14 days typical | 7-14 days typical |
| Founded | 2018 | 2011 |
| Headquarters | West Hartford, CT | Chicago, IL |
Which one fits which borrower
- New Silver publishes a minimum DSCR of 0.75; Renovo Financial does not publish a minimum DSCR figure, so its coverage floor cannot be compared directly.
- New Silver publishes a minimum credit score of 660; Renovo Financial does not publish one.
- Renovo Financial's maximum loan size is $5.0M, above New Silver's $3.0M ceiling — a larger transaction may need to go to Renovo Financial.
- New Silver publishes coverage in 39 states; Renovo Financial does not publish a state count. That does not mean Renovo Financial covers fewer states, only that the figure is not published.
- Renovo Financial was founded in 2011, 7 years before New Silver (founded 2018) — longer time in the market, not a claim about which underwrites better today.
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- Renovo Financial full profile and review
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New Silver vs Renovo Financial FAQ
New Silver's published rate range is 9.5%–11.75%. Renovo Financial's published rate range is 9.5%–12.5%. Both ranges depend on credit, leverage, DSCR coverage and borrower experience, so where a specific deal prices inside either range varies.
New Silver publishes a minimum credit score of 660. Renovo Financial does not publish a minimum credit score.
New Silver's minimum DSCR is 0.75. Renovo Financial does not publish a minimum DSCR.
New Silver's loan size runs $100K to $3.0M. Renovo Financial's loan size runs $100K to $5.0M.
New Silver's typical close time is 5-14 days typical. Renovo Financial's typical close time is 7-14 days typical. Actual timelines depend on documentation, title work and underwriting load regardless of lender.
New Silver's max LTV is 85% and max LTC is 90%. Renovo Financial's max LTV is 85% and max LTC is 90%.
This comparison is an independent directory listing. DSCR Loan Program is not affiliated with New Silver or Renovo Financial, receives no payment for placement, and does not rank lenders in exchange for compensation. Rates, terms, and eligibility are determined by each lender and subject to change. Always verify current pricing directly with the lender before relying on any specifics.