Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 21 days ago on . Most recent reply

User Stats

19
Posts
5
Votes
Zach Berry
  • Lender
  • Pittsburgh, PA
5
Votes |
19
Posts

Mortgage Brokers - What's still moving with investors?

Zach Berry
  • Lender
  • Pittsburgh, PA
Posted

Hey folks,

Quick question for any mortgage brokers in here - what's still working on the investor side right now? I'm hearing DSCR is holding up okay in certain markets, RTL is hit or miss depending on deal quality, and a lot of builders are jumping into ground-up.

Are you seeing more volume in any of these lanes? Curious which loan types and markets are actually moving right now. Just trying to get a read from those in the trenches.

Appreciate any insight.

  • Zach Berry
  • [email protected]
  • 215-371-4488
  • Most Popular Reply

    User Stats

    2,315
    Posts
    1,321
    Votes
    Jason Wray
    • Banker
    • Nationwide
    1,321
    Votes |
    2,315
    Posts
    Jason Wray
    • Banker
    • Nationwide
    Replied

    Zach,

    I am not a broker but I am a Mortgage banker and to be honest applications are up 50% right now. Primary home rates are down especially on FHA/VA as well as DSCR and other Non/QM programs. I am seeing a growing trend in both Self-Employed Bank Statement programs and the (1 Year 1099) programs.

    All in all investment purchases are very healthy and considering mortgage rates broke last month and had a small climb indicates that as soon as th 10 Year treasury break back below 3.99% rates will follow. I see a lot of investors going with 5 YR ARMS and 7 YR ARMS and going with an I/O interest Only options to help the initial cash flow.

    DSCR rates are very attractive right now and offer a great way for self employed borrowers, retired borrowers, or people who have a ton of cash and no job a way to buy an investment rental. Coming is not so far behind "Asset lending program" is also becoming popular with Crypto investors, and retiree's.

    VA 100% is strong and rates are in the mid to high 5's along with VA Construction loans. There are a lot of Military members and Veterans that have not used their DD-214 or even know they can buy a home with Zero down.

    It also comes down to who you work for and if its a lender how bad are the overlays and do you have lean pricing without too much margin built in for the branch managers and corporate! I worked and owned many branches back from 2006 to 2017 and it was a very tough to sell higher rates so I joined an FDIC Bank. Being FDIC & "Fully Delegated" with No Overlays also helps offer more programs and better rates.

  • Jason Wray
  • [email protected]
  • 727-637-4289
  • Loading replies...