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Updated almost 2 years ago, 01/26/2023
Any lenders doing 60k DSCR Loans
Any lenders doing DSCR Loans at 60k?
Robin Simon
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most likely not - hard minimum across the board is really $75k in my experience
I can broker them if its a clean deal. What state is the property located in?
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Quote from @James Thompson:
Any lenders doing DSCR Loans at 60k?
Hi James,
I've seen very few DSCR lenders offer loan amounts lower than $75K min. Some are out there, but at higher costs, & not sure how much longer they'll offer them. There's not a huge demand on the secondary market for loans less than $75K which is why most lenders have that minimum. Best of luck!