I need a DSCR loan with No Prepayment Penalties

[Ben Chung]

I just found out that in PA it's illegal for a lender to have a DSCR loan under $301k with a prepayment penalty. Since most DSCR lenders require a prepayment penalty it's been difficult to find refinancing options for my rental properties because they are under that $301k loan amount.

So with that said, does anyone know of any DSCR lenders that have lending programs without a prepayment penalty?

[Zachary Ware]

You can certainly find DSCR lenders that can do no prepayment though you will not get as favorable terms.