Griffin Funding Review
Founded 2013 · San Diego, CA · Nationwide
4.0
Editor Rating
Griffin Funding is a mortgage lender specializing in non-QM products for investors, including DSCR, bank statement, and asset-based loans. Strong option for self-employed borrowers and investors with complex income situations.
Editor's Take
Griffin Funding combines low credit requirements (620 DSCR) with bank statement and foreign national programs — a rare combination. If you're a self-employed investor with a 640 credit score who wants a DSCR loan, Griffin is one of the few lenders who'll work with you. Their non-QM expertise means they understand non-standard borrower profiles better than most.
— Bill Rice, 30+ year mortgage lending veteran
Griffin Funding Review: The Full Breakdown
Griffin Funding is a non-QM lender out of San Diego, founded in 2013 by Bill Lyons, who still runs it as founder and CEO. It's a direct-to-consumer shop that grew up fast — a repeat Inc. 5000 honoree that reports having funded north of $3.6 billion to more than 8,000 clients — and it has built its investor business around two products most banks won't touch: DSCR loans and bank statement loans. For real estate investors, that focus is the whole point — these are the programs that let you qualify on the property's cash flow or your deposits instead of W-2s and tax returns.
On rates and terms, Griffin's investor loans run roughly 6.5% to 9% with up to 80% LTV, a 620 minimum credit score on DSCR, and loan amounts from $100,000 up to $5 million. Origination sits in the 0–2 point range and they'll close in title held by an LLC, with interest-only options available. Those are competitive numbers for the non-QM space — the 620 DSCR floor in particular is lower than many competitors, which is what makes Griffin worth a quote if your credit isn't pristine. Treat every figure here as a starting point and get a written quote for your scenario; non-QM pricing moves with the market and your specific profile.
The bank statement program is the other reason investors find Griffin. If you're self-employed and your tax returns understate your real income, Griffin will qualify you on 12–24 months of bank deposits — useful for full-time investors, gig-economy earners, and business owners. They also lend to foreign nationals, a thin market where few lenders compete.
Where Griffin isn't the answer: there's no fix-and-flip or bridge product, so a BRRRR or flip investor needs a second lender for the acquisition-and-rehab leg. Closings tend to run 21–30 days rather than the one-to-two weeks a hard-money shop can hit, and DSCR loans carry a 3-year step-down prepayment penalty you'll want to model if you plan to refinance or sell early. As with any lender, confirm Griffin Funding's current NMLS registration and check its Better Business Bureau (BBB) profile and reviews before you apply, and compare at least one written quote against a competing DSCR lender.
Pros & Cons
Pros
- Low credit minimum (620) for DSCR
- Bank statement programs for self-employed
- Foreign national financing available
- High max loan amount ($5M)
- Interest-only options
Cons
- No fix-and-flip or bridge products
- Closing times on the longer side (21-30 days)
- Prepayment penalties on DSCR products
Loan Products Offered
Eligible Property Types
Best For
Compare Griffin Funding
Griffin Funding Review: Frequently Asked Questions
Is Griffin Funding a legitimate lender?
Griffin Funding is an established lender founded in 2013 and headquartered in San Diego, CA. It lends nationwide and specializes in DSCR loans and bank statement loans. To verify it for yourself, confirm Griffin Funding's current NMLS registration and state licensing, check its Better Business Bureau (BBB) profile and reviews, and compare written quotes before you apply.
What are the pros and cons of Griffin Funding?
Pros: Low credit minimum (620) for DSCR; Bank statement programs for self-employed; Foreign national financing available. Cons: No fix-and-flip or bridge products; Closing times on the longer side (21-30 days); Prepayment penalties on DSCR products.
Does Griffin Funding offer bank statement loans?
Yes. Griffin Funding offers bank statement loan programs that qualify self-employed borrowers using 12–24 months of bank deposits instead of tax returns or W-2s — useful for investors with non-traditional income.
What credit score do you need for Griffin Funding?
Griffin Funding's published minimum credit score is 620. A higher score generally unlocks better rates and higher leverage. Requirements vary by loan program and are subject to change.
What rates and fees does Griffin Funding charge?
Griffin Funding's rates run approximately 6.5%–9% with origination fees of 0–2 points, on loans from $100K to $5M (up to 80% LTV). All figures are approximate and subject to change — request a written quote for your scenario.
Can you close with Griffin Funding in an LLC?
Yes. Griffin Funding allows investors to take title in an LLC, which many use for liability protection and cleaner portfolio organization.
How fast can Griffin Funding close a loan?
Griffin Funding typically closes in 21–30 days, depending on the loan program, the property, and how quickly you provide documentation.
Disclaimer: Rates, terms, and requirements shown are approximate and based on publicly available information as of March 2026. Actual terms may vary based on your credit profile, property details, and market conditions. Always verify current terms directly with the lender before making financing decisions. ProInvestorHub provides editorial reviews for educational purposes and does not guarantee loan approval or specific terms.