Kiavi vs. New Silver
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 | Kiavi Verified 17 Sep 2026 | New Silver Verified 17 Sep 2026 |
|---|---|---|
| Type | hard money | hard money |
| Headquarters | San Francisco, CA | West Hartford, CT |
| Founded | 2013 | 2018 |
| Geographic focus | National | National |
| States licensed | 49 states | 39 states |
| Products | fix-and-flip, BRRRR, rental, bridge, new-construction | fix-and-flip, BRRRR, rental, bridge |
| Loan size range | $100,000–$2,000,000 | $100,000–$3,000,000 |
| Max LTV | 80% | 85% |
| Max LTC | 95% | 90% |
| Min credit score | 660 | 660 |
| Min DSCR | 0.80 | 0.75 |
| Terms | 12-24 months (hard money) / 30-year (rental) | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 7-14 days typical | 5-14 days typical |
| Rate range | 5.875%–12% | 9.5%–11.75% |
| Points | 1–3 pts | 1–3 pts |
Where they actually differ
New Silver sets its DSCR floor at 0.75; Kiavi wants 0.80. A property that clears the lower bar but not the higher one is exactly what this difference decides.
Kiavi also writes new-construction. A deal that specifically needs one of those only has one side of this comparison to go to.
Kiavi quotes a 7-14 days typical close; New Silver quotes 5-14 days typical. On a competitive acquisition that gap can be the whole decision.
Both set the same 660 minimum credit score, so this isn't where the two split.
Questions
Is Kiavi still originating loans under its own name?
Which has the lower DSCR floor, Kiavi or New Silver?
Do Kiavi and New Silver set the same minimum credit score?
Does one of these two write a loan product the other doesn't?
Which offers more leverage, Kiavi or New Silver?
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
New Silver
A newer investor who wants fast, tech-driven underwriting and can qualify at a 0.75 DSCR and 660 credit score across New Silver's 39-state footprint