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Updated almost 3 years ago on . Most recent reply
Best DSCR loan to value (LTV) rate you've seen, gotten or lended?
Hi There - I'm curious what sort of rates folks are seeing (and actually getting) whey they give or acquire a DSCR loan? I've been quoted around 80% for a cash-flowing property, but curious if folks are seeing more competitive options nowadays?
- Janelle K. Eagle
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- 805-330-3793
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Quote from @Jared Rine:
@Janelle K. Eagle ...are you looking for something in particular? I'm still quoting up to 85% LTV on purchase, but it's tough to make the numbers necessarily work in CA, obviously depending on location. As for rates, most lenders seem to be repricing for the worse, but I just quoted someone today at 5.00% (with 1pt lender buy down), 80% purchase money, 725 credit, 3-unit. $600k pp. Central Valley location in CA ..don't know if that helps, but just my $0.02
Those are really strong numbers right now.