Only make offers with seller credits that can buy down the rate to a place that makes financial sense. 3.

Hello Everyone, My Sister Just got married and with high interest rates, and high cost of homes in Utah, it’s going to be really hard for her and her family to afford buying a home.

With DSCR loans the base rate works off of credit score and LTV, think of an x and y axis.

It was 3% for 6 month introductory rate.

I’m also interested in banking with a community oriented bank or credit union, black owned bank/CU, or similar, but interest rates there are often lower than online HYSAs.

With the current interest rate environment, is it best to focus on entry level single family homes?

In a market where I would expect to see 8-10% cap rates, I’m seeing things go at 3-4%.

Interest rates around 6% but looking to move for work.

You still need to do inspections etc. and you are just paying an additional fee.

From what HM told me, in addition to the points that his company charges (Each point is 1% of the loan amount), and the interest rates that you deal with when going hard money, the length of the loans are 6 months and 12 months, there is no multi-year loan.