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Updated over 1 year ago on . Most recent reply

User Stats

10
Posts
8
Votes
Ben Chung
  • Flipper/Rehabber
  • Philadelphia, PA
8
Votes |
10
Posts

I need a DSCR loan with No Prepayment Penalties

Ben Chung
  • Flipper/Rehabber
  • Philadelphia, PA
Posted

I just found out that in PA it's illegal for a lender to have a DSCR loan under $301k with a prepayment penalty. Since most DSCR lenders require a prepayment penalty it's been difficult to find refinancing options for my rental properties because they are under that $301k loan amount.

So with that said, does anyone know of any DSCR lenders that have lending programs without a prepayment penalty?


Most Popular Reply

User Stats

10
Posts
8
Votes
Ben Chung
  • Flipper/Rehabber
  • Philadelphia, PA
8
Votes |
10
Posts
Ben Chung
  • Flipper/Rehabber
  • Philadelphia, PA
Replied

@Doug Smith who are these conventional lenders that are doing DSCR's? Do you have any names?

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