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DSCR Rental loans interest rates and loan terms
What are the interest rates and loan terms typically associated with DSCR rental loans?
Depending on your credit, prepayment and LTV's.
Rates are anywhere from 6.5%-8 % right now
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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Rates/terms depend primarily on the DSCR ratio, LTV, and FICO so it is hard to say without looking at the numbers. On avergae we are seeing 7% give or take.
Are you looking into a specific property?
Depends on the LTV, PPP, and FICO but I am seeing 5.99-8.5%
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Lender California (#02161719)
- 818-269-7983
- https://www.luxeprivateinvestmentsllc.com/
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Quote from @M. Greger:
What are the interest rates and loan terms typically associated with DSCR rental loans?
Lots of variables to take into account here:
- credit, ltv, DSCR score (based of rent / anticipated PTIT(A), experience
Are you looking for a purchase or refi transaction?
- 860-538-3672
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Interest rates and loan terms for DSCR rental loans can vary. Generally, you can expect different rates and terms depending on the lender and your financial situation. I'd suggest to check with a few lenders to see what they offer.
Are you looking into a specific property?
Right now, our DSCR rates start in the mid to high 6s but we also offer a zero-point option with a slightly higher rate. With no points, closing costs are reduced. This appeals to some of our borrowers who are more concerned with limiting their initial cash outlays than with the rate. As others have mentioned, your specific rate would depend on experience, credit score, and leverage.
Best of luck to you!
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Published a couple of articles on this exact question here on BP last year - these should be a helpful reference
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
Vary by many factor and those factor are:
Credit score, downpayment, DSCR ratio, prepayment penalty.
ive seen them lately into the 6's
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Lender
- Lendbright
- 267-516-0896
- https://www.lendbright.com/
- [email protected]
