Non QM DSCR loan rates

[Cham Oug]

Hello,

I hope someone can help me with this question! I am closing on a duplex in Wisconsin and the mortgage broker that I am working with, told me that the rate for a 30 year non QM would be at 7.125% does that seem high or should I shop around to find a better rate. 
thank you for your answers 

[Nick Belsky]

Quote from @David Garner:

I just got quoted 7.25% as a foreign national on 70% LTV refi. One would hope a US National with decent credit and 25% down might get a significantly better rate than me.

You should really shop around on that.  Foreign National should only add 0.125-0.375% to the standard rate pricing.  Some lenders "work with" foreign nationals while others specialize in Foreign National programs.  

Cheers!