DSCR Loans with Little to no Closing Cost

[Ojam Dawson]

I have a single family rental property in PA that I'm trying to refinance into a DSCR Loan. But every lender is asking for a high end closing cost, which leaves me with virtually nothing to pull out from this home.

Any resources, referrals to any lender that has a low closing cost deal?

[Devin Peterson]

Quote from @Ojam Dawson:

I have a single family rental property in PA that I'm trying to refinance into a DSCR Loan. But every lender is asking for a high end closing cost, which leaves me with virtually nothing to pull out from this home.

Any resources, referrals to any lender that has a low closing cost deal?

 What sort of terms are you getting back from current lenders? Can you give some insight on the value, loan amount, quoted points and fees this far? That would help. If it’s lower balance loan (less than 150k) the rates slowly begin to get higher. Reason being is servicing on the backed costs the lender same amount of money and man power to service a 1M loan as it does for a 100k loan. Hope that helps!