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User Stats

29
Posts
2
Votes
M. Greger
2
Votes |
29
Posts

User Stats

348
Posts
107
Votes
Brandon Croucier
Lender
  • Lender
  • Newport Beach, CA
107
Votes |
348
Posts
Brandon Croucier
Lender
  • Lender
  • Newport Beach, CA
Replied

Depending on your credit, prepayment and LTV's.

Rates are anywhere from 6.5%-8 % right now

User Stats

1,625
Posts
1,655
Votes
River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • USA
1,655
Votes |
1,625
Posts
River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • USA
Replied

Rates/terms depend primarily on the DSCR ratio, LTV, and FICO so it is hard to say without looking at the numbers. On avergae we are seeing 7% give or take.

Are you looking into a specific property? 

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User Stats

3,507
Posts
1,079
Votes
Erik Estrada
Lender
  • Lender
1,079
Votes |
3,507
Posts
Erik Estrada
Lender
  • Lender
Replied

Depends on the LTV, PPP, and FICO but I am seeing 5.99-8.5%

User Stats

1,415
Posts
484
Votes
Devin Peterson
Lender
  • Lender
484
Votes |
1,415
Posts
Devin Peterson
Lender
  • Lender
Replied
Quote from @M. Greger:

What are the interest rates and loan terms typically associated with DSCR rental loans?

Lots of variables to take into account here:

- credit, ltv, DSCR score (based of rent / anticipated PTIT(A), experience


Are you looking for a purchase or refi transaction? 

User Stats

61
Posts
3
Votes
Replied

Interest rates and loan terms for DSCR rental loans can vary. Generally, you can expect different rates and terms depending on the lender and your financial situation. I'd suggest to check with a few lenders to see what they offer.

Are you looking into a specific property?

User Stats

108
Posts
39
Votes
Debbie Fales
Lender
  • Lender
  • Annapolis, MD
39
Votes |
108
Posts
Debbie Fales
Lender
  • Lender
  • Annapolis, MD
Replied

Right now, our DSCR rates start in the mid to high 6s but we also offer a zero-point option with a slightly higher rate. With no points, closing costs are reduced. This appeals to some of our borrowers who are more concerned with limiting their initial cash outlays than with the rate. As others have mentioned, your specific rate would depend on experience, credit score, and leverage.

Best of luck to you!

User Stats

4,199
Posts
4,152
Votes
Robin Simon
Pro Member
#1 Mortgage Brokers & Lenders Contributor
  • Lender
  • Austin, TX
4,152
Votes |
4,199
Posts
Robin Simon
Pro Member
#1 Mortgage Brokers & Lenders Contributor
  • Lender
  • Austin, TX
Replied

Published a couple of articles on this exact question here on BP last year - these should be a helpful reference

DSCR Loans: What Are They And How To Get The Best Terms

https://www.biggerpockets.com/...

DSCR Loans: How To Use Pro Strategies To Save More And Make More

https://www.biggerpockets.com/...

User Stats

38
Posts
6
Votes
Emanuele Mayer
  • Lender
6
Votes |
38
Posts
Replied

Vary by many factor and those factor are:

Credit score, downpayment, DSCR ratio, prepayment penalty.

User Stats

1,313
Posts
290
Votes
Jacob Sherman
Pro Member
  • 12 Penns Trail Suite 138 Newtown, PA 18940
290
Votes |
1,313
Posts
Jacob Sherman
Pro Member
  • 12 Penns Trail Suite 138 Newtown, PA 18940
Replied

ive seen them lately into the 6's