looking for DSCR lenders that are licensed in PA.

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Jared RineBusiness Member
Lender · Sacramento, CA · Member since 2009 · 1k+ posts · 277 votes
4y

@Melissa Aguila...depending on the situation, there are many dscr lenders out there and all of them are lending in PA.   With the most respect I can, don't listen to the other posting.  Velocity IS a lender out there, but they've basically priced themselves out of the market unless you absolutely don't know what you're doing or know who to go to.  They were pricing very well at one time even into the beginning of 2022, but when the market really started to shift near end of March and has continued to increase trend, they have not been good (FULL DISCLOSURE - I've used Velocity as one of my lenders for years as a mortgage broker). 

There's easily 10+ lenders I'd recommend before them. I'm still quoting deals in the 6's on DSCR NOW and I can do PA.

Jared Rine United Lending Partners53 Reviews
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  • Brent Parsons
    Investor · Chalfont, PA · Member since 2017 · 1 post · 0 votes
    4y

    @Melissa Aguila

    Velocity is here. I used them 3-4 months ago. I rented an investment home to an account rep who got me a 5.49% cash out refi @ 75% ltv about 4-5 months back but rates have popped like crazy and that was a good deal he hooked me up with at the time.. (he lowered rate by .5% since he could.. I did get a quote for another cash out refi I'm trying to do now and the rates are more like 7.99-8.25% unfortunately but if you need a DSCR loan than they're a good option. Try Joe Vito @ Velocity if interested 1 (215) 870-7112. Solid customer service.

    0Reply
  • Brittany MinocchiBusiness Member
    Lender · Massillon, OH · Member since 2022 · 1k+ posts · 486 votes
    4y

    Hi Melissa! 

    I'm with a broker in OH and can offer DSCR loans in PA. Feel free to send me a message if you'd like to discuss.

    [email protected]330-354-6590
    Brittany Minocchi - Barrett Financial Group, LLC522 Reviews
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  • Jack Davitt
    Lender · Springfield, MA · Member since 2022 · 20 posts · 3 votes
    4y

    Hi Melissa! Would love to connect and see if I can help. Sending you a message now.

    0Reply
  • Jack Mawer
    Lender · Member since 2022 · 338 posts · 374 votes
    4y

    Hi Melissa! Happy to help, just sent you a PM

    0Reply
  • Jared RineBusiness Member
    Lender · Sacramento, CA · Member since 2009 · 1k+ posts · 277 votes
    4y

    @Melissa Aguila...depending on the situation, there are many dscr lenders out there and all of them are lending in PA.   With the most respect I can, don't listen to the other posting.  Velocity IS a lender out there, but they've basically priced themselves out of the market unless you absolutely don't know what you're doing or know who to go to.  They were pricing very well at one time even into the beginning of 2022, but when the market really started to shift near end of March and has continued to increase trend, they have not been good (FULL DISCLOSURE - I've used Velocity as one of my lenders for years as a mortgage broker). 

    There's easily 10+ lenders I'd recommend before them. I'm still quoting deals in the 6's on DSCR NOW and I can do PA.

    Jared Rine United Lending Partners53 Reviews
    View Page
    1Reply
  • Eric GoldmanBusiness Member
    Lender · PA · Member since 2019 · 357 posts · 190 votes
    4y

    alot of options in PA....

    484-574-4878
    G2loans- Investor and Commercial Mortgages531 Reviews
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  • Matt Cartwright
    Lender · Newport Beach, CA · Member since 2016 · 68 posts · 18 votes
    4y

    @Melissa Aguila Just sent you a PM - we can go to 80% C/O in PA if you are looking to go that route. 

    0Reply
  • Rob LawrenceBusiness Member
    Real Estate Agent · West Chester, PA · Member since 2017 · 266 posts · 94 votes
    4y

    I have a good one, just shoot me a message!

    0Reply
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