DSCR for Short Term or Long Term Rentals

[Matt Schreiber]

I've seen a few posts on here about DSCR loans with a lot of good information. I was quoted by a lender today at 6.95 percent with 20 percent down. I know the rates have come down a little bit so I was just wondering if there are any lenders on here or if anyone knows a lender that does 10 or 15 percent down on DSCR with similar rates. Appreciate the help.

[Erik Estrada]

Quote from @Matt Schreiber:

I've seen a few posts on here about DSCR loans with a lot of good information. I was quoted by a lender today at 6.95 percent with 20 percent down. I know the rates have come down a little bit so I was just wondering if there are any lenders on here or if anyone knows a lender that does 10 or 15 percent down on DSCR with similar rates. Appreciate the help.

It doesn't exist yet. 15% down will most likely be at a high 8% rate and you may get an LTV reduction with it being a short term rental.

If the property needs rehab you could pull this off on a fix and flip loan if you have a solid track record.