1st Nationwide Mortgage vs New Silver
What each lender publishes about financing short-term rentals, side by side. 1st Nationwide Mortgage: 42 states/dc listed. New Silver: 42 states/dc listed.
The short version
- Both accept STR history or a projection.
- 1st Nationwide Mortgage has the lower minimum credit score (640 vs 660).
- Both publish a 80% max purchase LTV.
- Only 1st Nationwide Mortgage publishes a max cash-out LTV (75%).
- 1st Nationwide Mortgage has the lower minimum loan ($100K vs $150K).
- 1st Nationwide Mortgage has the lower minimum DSCR (1.00 vs 1.15).
- 1st Nationwide Mortgage does not publish a policy on first-time investors; New Silver 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 | New SilverDirect lender |
|---|---|---|
| STR income method | Either Lender sources · checked Oct 18, 2026 | Either Lender sources · checked Oct 18, 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 | Market rent addendum and/or STR valuation such as AirDNA on new purchases; refinances require rental history (12 months to count as occupied). See lender sources |
| Min credit score | 640 1stnwm.com · checked Oct 19, 2026 | 660 newsilver.com · checked Oct 19, 2026 |
| Min DSCR | 1.00 1stnwm.com · checked Oct 19, 2026 | 1.15 help.newsilver.com · checked Oct 19, 2026 |
| DSCR below 1.0 | Yes 1stnwm.com · checked Oct 19, 2026 | No Lender sources · checked Oct 18, 2026 |
| No-ratio option | Not published | No help.newsilver.com · checked Oct 19, 2026 |
| Max LTV (purchase) | 80% 1stnwm.com · checked Oct 19, 2026 | 80% newsilver.com · checked Oct 19, 2026 |
| Max LTV (cash-out/refi) | 75% 1stnwm.com · checked Oct 19, 2026 | Not published |
| Min loan | $100K 1stnwm.com · checked Oct 19, 2026 | $150K help.newsilver.com · checked Oct 19, 2026 |
| Max loan | $1.5M 1stnwm.com · checked Oct 19, 2026 | $3M newsilver.com · checked Oct 19, 2026 |
| Prepayment | 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 | 42 states/DC listed From the areaServed list in the DSCR page's structured data. Lender sources · checked Oct 18, 2026 |
| First-time investors | Not published | Yes Lender sources · checked Oct 18, 2026 |
| Channel | Mortgage company | Direct lender |
| Last verified |
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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.