Conventional VS DSCR VS Other

[Jason Bobby]

Is it just me or is conventional now costing about the same as DSCR and of course everyone prefers less paperwork if it's the same cost… Are others seeing this?

[Zach Lemaster]

@Jason Bobby

The gap is tightening.  Conventional can still be a great option if finding the right lender, but we've found different lenders offering quite different products currently.  Many people are looking at ARMs then to refi in a few years as the feds expect rates to come down in 2024/25.

Remember with DSCR:

-look at PPP

-higher down payment still and slightly higher rate

-less qualification/easier closing

-loan convenants can be rather restrictive.  The best loan products may come with strings attached.