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Updated almost 3 years ago on . Most recent reply
What are some current DSCR loan options?
Hey guys, I'm looking for DSCR loans for propert in the great Tampa Bay Area. I'm looking for 2 or 3 4plexes or an 8-12 unit.
What are the going rates and terms?
What percentage of rents counts towards income?
All feedback is appreciated. Thanks.
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Stephanie P.
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Stephanie P.
#4 Mortgage Brokers & Lenders Contributor
Pro Member
#4 Mortgage Brokers & Lenders Contributor
- Washington, DC Mortgage Lender/Broker
Quote from @Derek Nemec:
Quote from @Troy Jones:
Typical rates at the moment are mid 5s to mid 7s depending on fico, LTV, and property type. We have up to 40-year options available that a lot of investors are liking at the moment.
Are there prepayment penalties?
Yes. Prepays on all of the DSCR loans. They can be bought down and in some instances, bought out, but they are standard.