Best non-QM rate in 2021?

[Chris Yang]

Greetings!

Anyone recall how were the non-QM loan (DSCR, bank statement, asset-based...etc) rates looking last year when conventional loans were at 2.5%-ish? Was low to mid 3s achievable?

I am trying to get a sense on how low those loans could be when conventional loans at historical low. I am closing a loan with higher rate (4.75%), but thinking whether it's a plausible plan to refi in a few years if Fed lowers rate in the future.

Assuming excellent credit (760+), low LTV (60-70%), primary or investment property, and lots of assets (for example, 2M liquid assets to qualify 600K loan).

Thanks all!

[Alex Bekeza]

@Chris Yang In 2021 we saw INVESTOR NON QM Rates range anywhere from the mid 3s to mid 5s depending on the LLPAs associated with the scenario.  Those same programs are now in the 6s and 7s for the most part.  (30 year fixed).