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Updated 12 months ago on . Most recent reply
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DSCR loans for STR purchase in Florida
Hi folks! I am about to enter contract on a ~$800k SFH in the Miami metro area in Florida. Looking for DSCR loans, and I was wondering what experience people have had with them. Coverage would be close to 100%, depending on the interest rate and what rental revenue is assumed during the purchase. 20-25% down is fine. Has anyone done similar deals recently? Any good lenders to contact and/or what rates should I expect to find?
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@Dan Aharon, depending on your credit score, the rates should start in the 6’s.
- Raymond J. Rodrigues
- [email protected]
- 619-456-8311
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Helm Mortgage Corp
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5.0 stars