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Updated almost 2 years ago on . Most recent reply

Hyeseong Park's profile image
Hyeseong Park's profile image
Hyeseong Park
  • Rental Property Investor
  • from Philadelphia, PA
  • Member since Apr 1, 2023
  • Posts 68
  • Votes 17
  • Experience 2 Yrs
  • Investments 2

User Stats

68
Posts
17
Votes
Hyeseong Park's profile image
Hyeseong Park's profile image
Hyeseong Park
  • Rental Property Investor
  • from Philadelphia, PA
  • Member since Apr 1, 2023
  • Posts 68
  • Votes 17
  • Experience 2 Yrs
  • Investments 2
Hyeseong Park
  • Rental Property Investor
  • Philadelphia, PA
17
Votes |
68
Posts
Private Lending & Conventional Mortgage Advice

Is it true that PPP is banned in PA for DSCR loan currently?

Hyeseong Park
  • Rental Property Investor
  • Philadelphia, PA
Posted

I saw some lenders in PA still do DSCR loans with PPP. And as my property is in PA, I want to hold & rent it with DSCR. Anyone can prove if that ppp banning is true for PA? If so, can I get sources to check?

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Nate Herndon's profile image
Nate Herndon's profile image
Nate Herndon
  • Lender
  • from Springfield, MO
  • Member since Sep 22, 2023

User Stats

240
Posts
178
Votes
Nate Herndon's profile image
Nate Herndon's profile image
Nate Herndon
  • Lender
  • from Springfield, MO
  • Member since Sep 22, 2023
Nate Herndon
  • Lender
  • Springfield, MO
178
Votes |
240
Posts
Nate Herndon
  • Lender
  • Springfield, MO
Replied

Removing the PPP will be costly on rate, upfront points, or both. I'm still utilizing programs that allow for 3-year and 5-year prepays in PA. This helps the interest rate considerably,

  • Nate Herndon
  • [email protected]
  • 417-605-2196
    • 2 Votes
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