Griffin Funding Review

Griffin Funding at a glance: unusually good rate transparency, a clean regulatory record, and a wide credit box.

What is Griffin Funding?

Griffin Funding, Inc. is a San Diego-based direct mortgage lender founded in 2013 (NMLS #1120111). It holds residential mortgage licenses in 47 states plus D.C., and reaches the remaining three states through business-purpose registrations that cover investor DSCR loans. The company reports funding more than $3.6 billion across 8,000-plus clients — its own figure, not independently audited. While Griffin’s menu spans VA, FHA, conventional, and jumbo lending, its center of gravity is non-QM: bank statement loans for the self-employed and DSCR loans for rental-property investors.

Griffin’s DSCR loan program

Griffin’s DSCR program qualifies borrowers on property cash flow rather than personal income, and it is a large share of the business — the company says DSCR loans made up 44% of its funded volume year-to-date in 2026. Published guidelines start at a 620 credit score (640 for short-term rentals) and accept DSCR ratios down to 0.75 with extra reserves, plus a no-ratio option at 75% LTV. Loans run from $100,000 to $4.5 million in-house, with larger exceptions considered. Down payments start at 15% for 740-plus credit scores; 20–25% is typical. Short-, mid-, and long-term rentals are all eligible, interest-only is available on ARM products, and prepayment penalties range from zero to five years. Griffin publishes current rate ranges directly on its DSCR page — genuinely uncommon among DSCR lenders.

Strengths

Griffin’s regulatory record is clean by mortgage-industry standards: an A+ BBB rating with accreditation since 2015, and just ten CFPB complaints in roughly six years — low for a multi-billion-dollar originator. Review volume is substantial, including 4.82 stars across 3,046 Experience.com reviews as of October 8, 2026. The DSCR box is flexible where it matters: sub-1.0 ratios, a no-ratio option, short-term rental eligibility, and nationwide reach. On-page rate publication and a stated 34-day average close add transparency most competitors skip.

Watch-outs

Griffin’s headline numbers — funded volume, the 44% DSCR share, and time-to-close claims — come from the company itself and aren’t independently verified. Fee disclosure is thinner than rate disclosure: no published fee schedule, so expect origination points to vary by file. The negative reviews that exist cluster around a consistent theme — processing delays, appraisal missteps, and missed closing dates. Griffin has also publicly warned it may pursue legal action over reviews it considers defamatory, which is worth knowing when weighing its public review ratings.

Who Griffin fits

Griffin fits real-estate investors who want a DSCR specialist with a wide credit box — sub-1.0 ratios, short-term rentals, no-ratio options — and prefer a direct lender that publishes its rates. Investors on hard purchase deadlines should build in schedule cushion and get closing-date commitments in writing, since delay complaints are the most recurrent criticism.