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Updated about 1 year ago on . Most recent reply

User Stats

276
Posts
135
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Bryan Hartlen
  • Investor
  • Phoenix, AZ
135
Votes |
276
Posts

SFR DSCR terms?

Bryan Hartlen
  • Investor
  • Phoenix, AZ
Posted

Anyone have recent experience with terms for SFR DSCR loans? Any differences besides rate for non-recourse vs recourse?

  • Bryan Hartlen
  • Most Popular Reply

    User Stats

    455
    Posts
    179
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    Derek Brickley
    • Lender
    • Ann Arbor, MI
    179
    Votes |
    455
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    Derek Brickley
    • Lender
    • Ann Arbor, MI
    Replied

    Definitely would need more information to talk about terms, the best I can say is between 7%-10%. We do not offer non-recourse products, so the difference would come down to LTV, FICO, Loan Amount, property type, DSCR, experience, prepayment penalty... I could go on. If you might be looking to see if a DSCR would possibly work for your scenario, feel free to reach out and would be happy to see if we might be able to help.

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