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Updated about 2 years ago on . Most recent reply

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Glory Mace
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DSCR in South Carolina

Glory Mace
Posted

I'm interested in purchasing a multi family property and would like to shop for a DSCR. Low cost is a must, don't mind the wait and hassle if that's the price for a good rate. Any suggestions on a lender(s)? Thanks

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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied
Quote from @Glory Mace:

I'm interested in purchasing a multi family property and would like to shop for a DSCR. Low cost is a must, don't mind the wait and hassle if that's the price for a good rate. Any suggestions on a lender(s)? Thanks


Have you shopped traditional banks/credit unions / agency prior to deciding on DSCR? DSCR I would argue is competitive from a cost standpoint, however the arguably main selling point and advantage for DSCR loans generally is paying a little more to avoid "wait and hassle" - so there might be a little mismatch here

  • Robin Simon
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