Civic Financial Services vs. Kiavi
A side-by-side on the fields both lenders publish, followed by a read on where they actually differ.
Read this before the table
Kiavi. Kiavi Funding LLC was acquired by Figure Technology Solutions. The acquisition closed 1 September 2026, and DSCR loans are now originated by Figure Lending LLC dba Figure. Figure has not published a timeline for combined guidelines or pricing, so the Kiavi figures on this page describe the program as it operated before the acquisition closed.
| Criteria | Civic Financial Services Verified 17 Sep 2026 | Kiavi Verified 17 Sep 2026 |
|---|---|---|
| Type | hard money | hard money |
| Headquarters | Redondo Beach, CA | San Francisco, CA |
| Founded | 2014 | 2013 |
| Geographic focus | National | National |
| Products | fix-and-flip, BRRRR, rental, bridge | fix-and-flip, BRRRR, rental, bridge, new-construction |
| Loan size range | $75,000–$2,000,000 | $100,000–$2,000,000 |
| Max LTV | 80% | 80% |
| Max LTC | 90% | 95% |
| Min credit score | 660 | 660 |
| Min DSCR | 1.05 | 0.80 |
| Terms | 12-24 months (hard money) / 30-year (rental) | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 10-21 days typical | 7-14 days typical |
| Rate range | 9.5%–12% | 5.875%–12% |
| Points | 1–3 pts | 1–3 pts |
Where they actually differ
Kiavi sets its DSCR floor at 0.80; Civic Financial Services wants 1.05. A property that clears the lower bar but not the higher one is exactly what this difference decides.
Kiavi adds new-construction. A deal that specifically needs one of those only has one side of this comparison to go to.
Loan sizing runs $75,000–$2,000,000 at Civic Financial Services and $100,000–$2,000,000 at Kiavi — a gap that mostly matters at either end of the range.
Civic Financial Services quotes a 10-21 days typical close; Kiavi quotes 7-14 days typical. On a competitive acquisition that gap can be the whole decision.
Questions
Is Kiavi still originating loans under its own name?
Which has the lower DSCR floor, Civic Financial Services or Kiavi?
Do Civic Financial Services and Kiavi set the same minimum credit score?
Does one of these two write a loan product the other doesn't?
Which offers more leverage, Civic Financial Services or Kiavi?
Civic Financial Services
An LLC-titled investor who can qualify at Civic's 1.05 DSCR floor and 660 credit score for the 30-year rental exit
Kiavi
An investor evaluating Kiavi's 49-state rental program while Figure integrates it, who can qualify at a 0.80 DSCR floor and 660 credit score