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.
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