Refinance DSCR Interest raes

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Refinance DSCR Interest raes

Rajesh KasturiPro Member
Member since 2021 · 19 posts · 15 votes

Hi All, 

Right now I am the process of refinancing my current house in Seattle. 

Existing Hard Money Loan: 354000

Appraisal as 600000 

Rate and term refinancing

What are the current interest rates on DSCR

Already rented rent is 2850 tenant already in there. 

My credit score with (FICO Mortgage score) 720 to 740 

I am looking for create lenders who can give me the best interest rates. 

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  • Dan H.Pro Member
    Investor · Poway, CA · Member since 2015 · 7k+ posts · 8k+ votes
    7mo
    Quote from @Rajesh Kasturi:

    Hi All, 

    Right now I am the process of refinancing my current house in Seattle. 

    Existing Hard Money Loan: 354000

    Appraisal as 600000 

    Rate and term refinancing

    What are the current interest rates on DSCR

    Already rented rent is 2850 tenant already in there. 

    My credit score with (FICO Mortgage score) 720 to 740 

    I am looking for create lenders who can give me the best interest rates. 


    Not answering your question as the various lenders on this site are more qualified. Have a question for you…

    Did you do underwriting on this property? Would you be willing to show the numbers?

    The monthly rent ratio is below 0.5% (0.475% to be precise). At current DSCR rates this bleeds cash at high investor LTV (80% LTV).

    The other sources of return must exceed the negative cash flow sufficiently to justify the risk and effort of residential RE. Can they?

    Most RE acquisitions look good with time and this may also, but in the near term this looks tough.

    I want to ensure you have looked at the numbers and are prepared. If you have, great.

    Best wishes

    0Reply
  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 667 votes
    7mo
    Quote from @Rajesh Kasturi:

    Hi All, 

    Right now I am the process of refinancing my current house in Seattle. 

    Existing Hard Money Loan: 354000

    Appraisal as 600000 

    Rate and term refinancing

    What are the current interest rates on DSCR

    Already rented rent is 2850 tenant already in there. 

    My credit score with (FICO Mortgage score) 720 to 740 

    I am looking for create lenders who can give me the best interest rates. 


     Rajesh,

    I reccommend working with a broker who can get you terms across a wide variety of the best lenders and explain the nuances of each loan structure. You should find them to be in the low to mid 6s with a reliable DSCR lender. Good luck!

    [email protected]860-538-3672
    ProAlpha Capital56 Reviews
    WebsiteView Page
    0Reply
  • Stacy RaskinBusiness Member
    Lender · Member since 2022 · 1k+ posts · 507 votes
    7mo

    Based on the information you gave, DSCR rates as of the date in this posting are in the 6s based on the credit score and LTV you mentioned unless you want to pay discount points / buy down the rate.

    [email protected]818-770-0340
    Bright Skyline518 Reviews
    WebsiteView Page
    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    7mo
    Quote from @Rajesh Kasturi:

    Hi All, 

    Right now I am the process of refinancing my current house in Seattle. 

    Existing Hard Money Loan: 354000

    Appraisal as 600000 

    Rate and term refinancing

    What are the current interest rates on DSCR

    Already rented rent is 2850 tenant already in there. 

    My credit score with (FICO Mortgage score) 720 to 740 

    I am looking for create lenders who can give me the best interest rates. 


     Low 6s to high 5s sounds about right on this. 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    0Reply
  • Frankie VozziBusiness Member
    Member since 2025 · 346 posts · 86 votes
    7mo

    I send you a DM, let's connect!

    [email protected]516-888-7750
    0Reply
  • Jennifer K.Business Member
    Washington, DC · Member since 2026 · 21 posts · 1 vote
    7mo

    Agree with the other lenders that high 5s to low 6s is very reasonable for the scenario you described.

    Rates can always be bought down, but here’s a simple chart to give you an idea of what could be possible based on your written situation:

    Run different scenarios with live pricing at https://dscrdirect.net/. Best of luck!

    [email protected]
    DSCR Direct
    View Page
    0Reply
  • Chad Davis
    Lender · Richmond VA · Member since 2012 · 309 posts · 33 votes
    7mo

    @Rajesh Kasturi let's connect to get more accurate numbers.

    0Reply
  • Mayo GilfurtPro Member
    Real Estate Consultant · Connecticut Ct · Member since 2026 · 130 posts · 30 votes
    7mo

    Hi Rajesh 

    Based on the numbers you shared (≈60% LTV, 720–740 FICO, tenant in place), this fits DSCR very well.

    For a rate-and-term DSCR refinance in Seattle, current market pricing is generally in the mid-to-high 7% range depending on lender, term structure, and DSCR calculation method.

    If you'd like, I can run this through a few direct DSCR lenders to see who offers the best execution with minimal points. Happy to take a quick look and share real terms.

    Feel free to DM me.

    0Reply
  • Simmy AhluwaliaPro Member
    Lender · Atlanta, GA · Member since 2015 · 1k+ posts · 200 votes
    7mo

    Rajesh Bhai, if you're still looking for a quote, let me know.

    0Reply
  • Mayo GilfurtPro Member
    Real Estate Consultant · Connecticut Ct · Member since 2026 · 130 posts · 30 votes
    7mo

    Hi Rajesh - thanks for sharing the details.

    Based on what you outlined (sub-60% LTV, in-place rent, and 720+ FICO), this looks well within DSCR lender guidelines.

    In today's market, DSCR rates typically price in a range, depending on leverage, term, prepay, and whether it's a true rate-and-term refi versus cash-out. At your leverage, pricing is generally more favorable.

    Happy to walk through options and confirm best execution if you’d like — feel free to DM me.

    0Reply
  • Douglas Dolgoff
    Lender · Atlanta, GA · Member since 2025 · 100 posts · 9 votes
    7mo

    Thanks for sharing, Rajesh. Is this a LTR or STR? Also, what is the approximate DSCR?

    Best,

    Doug

    0Reply
  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    7mo

    Rajesh — I ran your numbers quickly.

    You're at ~59% LTV, which is excellent. Credit is strong. Seattle is lender-friendly for DSCR.

    The key variable is rate and whether you want:
    • 30-year fixed
    • ARM
    • Prepay flexibility

    If this is strictly rate & term, I can likely improve your hard money situation without overcomplicating it.

    Send me:

    • Current payoff
    • Lease copy
    • Annual taxes + insurance
    • Entity or personal name on title

    I’ll tell you within 24 hours if we can issue terms and roughly where pricing lands.

    No fluff — just actionable next steps.

    — Reggie

    0Reply
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