1st Nationwide Mortgage vs Griffin Funding
What each lender publishes about financing short-term rentals, side by side. 1st Nationwide Mortgage: 42 states/dc listed. Griffin Funding: all 50 states + dc.
The short version
- Both accept STR history or a projection.
- Griffin Funding has the lower minimum credit score (620 vs 640).
- Griffin Funding has the higher max purchase LTV (85% vs 80%).
- Griffin Funding has the higher max cash-out LTV (80% vs 75%).
- Both publish a $100K minimum loan.
- Only 1st Nationwide Mortgage publishes a minimum DSCR (1.00).
- 1st Nationwide Mortgage does not publish a policy on first-time investors; Griffin Funding allows them.
Based only on published figures, checked Oct 19, 2026. Published maximums usually need top credit. Confirm with the lender.
| Term | 1st Nationwide MortgageMortgage company | Griffin FundingDirect lender (consumer-direct) |
|---|---|---|
| STR income method | Either Lender sources · checked Oct 18, 2026 | Either griffinfunding.com · checked Oct 19, 2026 |
| STR income details | 12 months of actual Airbnb/VRBO/PMS income is standard; under 12 months can combine partial actuals with an AirDNA projection. See lender sources | 12-month history: 12 months Airbnb/Vrbo history; 80% where a 20% expense factor applies, 100% on other programs. Projection: Purchase: AirDNA and/or appraiser STR analysis (often the lower of the two); 80% or 100% by program. griffinfunding.com · checked Oct 19, 2026 |
| Min credit score | 640 1stnwm.com · checked Oct 19, 2026 | 620 griffinfunding.com · checked Oct 19, 2026 |
| Min DSCR | 1.00 1stnwm.com · checked Oct 19, 2026 | Not published |
| DSCR below 1.0 | Yes 1stnwm.com · checked Oct 19, 2026 | Yes Lender sources · checked Oct 18, 2026 |
| No-ratio option | Not published | Yes Lender sources · checked Oct 18, 2026 |
| Max LTV (purchase) | 80% 1stnwm.com · checked Oct 19, 2026 | 85% Lender sources · checked Oct 18, 2026 |
| Max LTV (cash-out/refi) | 75% 1stnwm.com · checked Oct 19, 2026 | 80% griffinfunding.com · checked Oct 19, 2026 |
| Min loan | $100K 1stnwm.com · checked Oct 19, 2026 | $100K griffinfunding.com · checked Oct 19, 2026 |
| Max loan | $1.5M 1stnwm.com · checked Oct 19, 2026 | $4.5M griffinfunding.com · checked Oct 19, 2026 |
| Prepayment | Not published | 0-5 year terms; common structure is a 5-year step-down (5/4/3/2/1); can be bought out at closing griffinfunding.com · checked Oct 19, 2026 |
| Reserves | Not published | Not published |
| States served | 42 states/DC listed DSCR footprint: 41 states + DC. Its STR page says it does STR DSCR in most states where it originates DSCR, so confirm for your state. 1stnwm.com · checked Oct 19, 2026 | All 50 states + DC Lender sources · checked Oct 18, 2026 |
| First-time investors | Not published | Yes griffinfunding.com · checked Oct 19, 2026 |
| Channel | Mortgage company | Direct lender (consumer-direct) |
| Last verified |
More comparisons
Free · Weekly
- Where the 10-year Treasury moved and what it means for STR loan pricing
- Lender term changes flagged on the lenders' own pages
- A short, plain-English STR financing explainer
No spam, unsubscribe anytime. Form not loading? Subscribe here.
Not a lender or broker. No referral fees. For education only. Figures come from each lender's public pages on the date shown and can change without notice, so verify them with the lender. Rates are estimates, not quotes. How we source data.