Griffin Funding Overview
Griffin Funding is a nationwide mortgage lender specializing in non-QM and investor-focused loan products. Founded to serve borrowers who fall outside the conventional lending box, Griffin has built a reputation for flexible underwriting, high loan amounts, and a streamlined digital application process. They originate loans in most U.S. states and maintain an in-house processing team that keeps timelines tight.
What sets Griffin apart in the investment property lending space is their willingness to work with borrowers who have lower credit scores (starting at 620) while still offering loan amounts up to $5 million. For investors building larger portfolios or acquiring higher-value properties, Griffin is one of the few non-QM lenders that can accommodate jumbo DSCR loans without requiring extensive personal income documentation.
Griffin also offers bank statement loans for self-employed investors, fix-and-flip financing for active rehabbers, and bridge loans for transitional deals. This product breadth means investors can use Griffin across multiple strategies without switching lenders as their portfolio evolves.
Loan Products Offered
- DSCR loans for rental property investors — qualify based on property cash flow
- Bank statement loans — 12 or 24 months of statements for self-employed borrowers
- Fix-and-flip loans — short-term financing for purchase and renovation
- Bridge loans — interim financing to close quickly or transition between properties
- Jumbo non-QM loans — loan amounts up to $5 million
Rates and Terms
Griffin Funding offers DSCR loan rates starting from approximately 6.5%, though actual rates depend on credit score, LTV, property type, and current market conditions. Their DSCR loans are available as 30-year fixed-rate or adjustable-rate mortgages with 5/1, 7/1, or 10/1 ARM structures.
Loan amounts range from $100,000 up to $5 million, making Griffin one of the most accommodating lenders for high-value investment properties. Typical LTV maximums range from 75% to 80%, depending on the product and property type. Fix-and-flip loans carry higher rates consistent with short-term hard money lending, generally in the 8-12% range with terms of 12-18 months.
Closing timelines average 18-25 business days for DSCR and bank statement loans, which is competitive for non-QM products. Fix-and-flip loans can close faster when all documentation is in order.
Requirements
- Minimum credit score: 620 for DSCR loans (higher scores unlock better rates and terms)
- Minimum DSCR: 1.0 for standard DSCR products, though some interest-only options may accept lower ratios
- Down payment: Typically 20-25% depending on credit score and property type
- LTV: Up to 80% on DSCR loans, up to 75% on some fix-and-flip products
- Property types: Single-family, 2-4 unit, condos, townhomes, and some 5+ unit properties
- Experience: No prior investing experience required for DSCR loans
Pros
- Accepts credit scores as low as 620 — one of the most accessible DSCR lenders
- Loan amounts up to $5 million for high-value investment properties
- Multiple product types (DSCR, bank statement, fix-and-flip, bridge) under one roof
- Competitive closing timelines of 18-25 days
- No tax returns or W-2s required for DSCR products
- In-house processing team for consistent communication
Cons
- Lower credit scores (620-660) will result in higher rates and may require larger down payments
- Not available in every state — some exclusions apply
- Jumbo loans above $2.5M may have additional documentation requirements
- Fix-and-flip rates are on the higher end compared to dedicated hard money lenders
Who Is Griffin Funding Best For?
Griffin Funding is an excellent fit for several investor profiles. First, investors who need higher loan amounts — if you are acquiring properties in expensive markets like California, New York, or Florida, the $5 million ceiling is a significant advantage. Second, investors with lower credit scores who may not qualify with more restrictive DSCR lenders. Third, portfolio investors who want one lender relationship across multiple loan types, from DSCR to bank statement to bridge financing.
Griffin is particularly well-suited for self-employed investors who have strong bank deposits but show lower income on tax returns. The combination of bank statement and DSCR products gives these borrowers multiple qualification paths.
How to Apply
Griffin Funding offers a fully digital application process. You can start online at their website, where you will fill out a preliminary application and upload basic property and financial documents. A loan officer will typically reach out within one business day to discuss your scenario and provide a preliminary rate quote.
To speed up the process, have the following ready: property address and estimated value, expected rental income (for DSCR), 12-24 months of bank statements (for bank statement loans), and your credit score range. Pre-qualification can often happen within 24-48 hours.