LoanFunders for Indiana investors
LoanFunders is a direct DSCR lender with a 0.80 minimum DSCR floor (1.15 DSCR required for its best pricing tier) and a 660 minimum credit score. Minimum loan size is $100,000, with maximum LTV of 80% (75% on 2–8 unit properties). The company does not publish maximum loan size, rate, or state-coverage figures in the sources reviewed.
Indiana context
Indiana strong cash flow Midwest metros. Low property tax. Indianapolis dominant investor market.
How LoanFunders positions in Indiana
The Indiana lender pool for DSCR includes LoanFunders among the active platforms. Indiana top metros (Indianapolis, Fort Wayne, South Bend) see meaningful LoanFunders loan volume.
City-level coverage in Indiana
LoanFunders provides DSCR coverage across Indiana metros including Indianapolis, Fort Wayne, and South Bend. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. LoanFunders program terms apply uniformly across Indiana metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | rental DSCR |
| Loan size | $100K - — |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | 80% of ARV |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| Indiana property tax | 0.9% |
| Indiana state income tax | 3.2% |
LoanFunders strengths in Indiana
- 0.80 minimum DSCR floor (1.15 DSCR for best pricing)
- Direct lender
- $100,000 minimum loan size
- Maximum 80% LTV (75% on 2–8 unit properties)
Ideal borrower: Investor with at least 0.80 DSCR seeking a direct lender; best pricing available at 1.15+ DSCR.
FAQ
Likely; verify direct Indiana coverage. LoanFunders is based in an undisclosed location and operates in states not publicly disclosed.
Indianapolis is the top investor market in Indiana and is generally within LoanFunders states not publicly disclosed footprint. Indianapolis property tax follows the Indiana state rate of 0.9 percent. LoanFunders typically underwrites Indianapolis acquisitions at standard rate sheets.
Yes. Fort Wayne ranks among the larger Indiana investor metros and sees consistent DSCR loan volume from LoanFunders. Submarket variation within Fort Wayne matters for property selection.
LoanFunders applies the same rate sheet across Indiana metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Indianapolis, Fort Wayne, and South Bend all qualify for the same LoanFunders program.
LoanFunders does not publish a rate sheet. Pricing is quoted per deal and depends on credit, leverage, coverage ratio and experience.
Indiana strong cash flow Midwest metros. Low property tax. Indianapolis dominant investor market. LoanFunders follows standard business-purpose loan structures.
LoanFunders funds rental DSCR in Indiana.
Indiana allows standard DSCR prepay structures; LoanFunders typically uses 3-5 year step down.
LoanFunders typical close: Not publicly published.
Bottom line
Indiana investors considering LoanFunders should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with LoanFunders.