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Updated 11 months ago on . Most recent reply
DSCR loan rate
What's the going rate for 30 year fixed DSCR (loan amount approx $150k) Good credit and enough experience investing. Looking to add to my portfolio! Yay!
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Quote from @Lisa Martin:
What's the going rate for 30 year fixed DSCR (loan amount approx $150k) Good credit and enough experience investing. Looking to add to my portfolio! Yay!
DSCR Rates are going to vary by quite a bit based on multiple factors (more than conventional), primarily FICO, LTV and DSCR - but also buydowns, prepayment penalties, and some alternative structures.
That being said, I would say the average rate right now is around 7.5%, but can vary all the way down to 6% or higher than 9% for some special cases (like Multifamily 5+ or Mixed Use)
Heres a couple articles on what goes into DSCR Rates (in addition to market) that hopefully helps!
DSCR Loans: What Are They And How To Get The Best Terms
https://www.biggerpockets.com/...
DSCR Loans: How To Use Pro Strategies To Save More And Make More