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Updated 8 days ago, 12/19/2024
DSCR without penalty for selling early?
Hello BP Fam,
Most DSCR lenders I've spoken to have a penalty for selling a property within the first 5 years of purchasing the property. Does anybody know of a lender that has DSCR loans that do not have this penalty? Or maybe not as severe a penalty as I've heard so far? What I have heard so far is 5% penalty within 1st year, 4% in year 2, 3% in year3, etc.
Let me know your thoughts!
Thanks!
Rich