Need help with DSCR quote

[Emil Kostov]

This is my first time buying an investment property and I have tried my best to learn the basic aspects of the process but the more information you have the better you get. A bit of background first, I was able to get a DSCR quote from a lender for a small SFH 3bdr, 1,400sq.ft. upstate NY area(Imgur screenshot). The company has a good reputation in this business, but since the lender is a friend of a friend of mine, I am afraid that he might take advantage of me. So, I'm looking for feedback regarding whether this is a good quote in today's market in NY, advice, or tips on negotiating in my position. Thanks.

[David Bilandzija]

@Emil Kostov Maybe not the best rate in town but consider the following...

1. you are being offered 80% loan-to-value as a first time investor (that's a plus) if you are wanting max leverage

2. by industry standards, $68,000 is a small loan amount - not many lenders that will have an appetite for something that small

3. FICO is under 700, that's gonna hurt your interest rate