Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

12
Posts
6
Votes
Jim Ziccarelli
  • Rental Property Investor
  • Buffalo, NY
6
Votes |
12
Posts

DSCR Loan Inquiry for NYS

Jim Ziccarelli
  • Rental Property Investor
  • Buffalo, NY
Posted

Hi,

My business partner and I are getting ready to cash out refinance one of our rental properties. I'm new to DSCR loans and I was wondering if anyone would be able to help? The property is a SFR. How long of a process does it normally take? What are rates typically? Who has the best loans/terms currently available? I haven't had any luck finding any DSCR Brokers while trying to search around.


Thank you for the help!

Jim


Most Popular Reply

User Stats

356
Posts
190
Votes
Eric Goldman
  • Lender
  • Pennsylvania
190
Votes |
356
Posts
Eric Goldman
  • Lender
  • Pennsylvania
Replied

@Jim Ziccarelli turn time using a great DSCR lender 30 days. contingent on the appraisal and title work. also how fast you get us the requested documents. rates are on the rise and we have seen increases weekly. things that impact rate. Credit score, Loan amount and the deal itself. Normally the max for cash out is 75% with DSCR lenders.

  • Eric Goldman
  • 484-574-4878
business profile image
G2loans- Investor and Commercial Mortgages
5.0 stars
23 Reviews

Loading replies...