dcsr loan for sfr

[Carol Burns]

I am looking at a sfr.   Purchase price $240,000, rehab of $40,000, probably worth 320000 after rehab.  Looking to rent out for $2100/month.   Does a dcsr loan cover the rehab?   280,000 after rehab, 20 percent down, so would be financing 224,000.   And what are the rates now for dcsr loans?  How do I go about finding a lender?   TIA

[Andy Bahr]

Quote from @Carol Burns:

I am looking at a sfr.   Purchase price $240,000, rehab of $40,000, probably worth 320000 after rehab.  Looking to rent out for $2100/month.   Does a dcsr loan cover the rehab?   280,000 after rehab, 20 percent down, so would be financing 224,000.   And what are the rates now for dcsr loans?  How do I go about finding a lender?   TIA

Hi Carlos!
I used to be a loan officer, however, I will for sure refer you to the experts as I have since transitioned to being a realtor! As a real estate investor in Charlotte, I have worked with Allen Marshall at David Greens's One Brokerage.
Allen's Phone is 707-481-8180. When I worked with them they were doing DSCR loans so hopefully they can help! I know regulations change almost by the quarter so what is true now is probably different last year.
Good Luck!