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

Once the project is complete, you determine market rate and buy out their share.Let's say it cost $60,000 to build the house and it is appraised for $120,000 after you are done (not including the land, which you already own).

Lenders have to meet additional regulations if you plan to live in the property which is likely why you are continuing to get that question.

Our current interest rate is 4.32% with a 15 year note.

I’m currently trying to meet with the city over this.

I decided that I wanted to take advantage of this benefit by buying a property to eventually rent out (after meeting the 1 year primary residence restrictions).

My imagination is in the event of a sale, the purchasing party would see HOA Meeting Notes, Budget, Reserve Study.

That's with 20% down and a 7.5% interest rate.

Can I create an LLC and transfer the house to the LLC without changing my current mortgage rate?

Most investors we represent had at least a 5% increase in rate.