Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
BiggerPockets Exclusive PRO Area
PRO
General Real Estate Investing
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Commercial Real Estate Investing
Innovative Strategies
Mobile Home Park Investing
Multi-Family and Apartment Investing
Land & New Construction
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Personal Finance
Creative Real Estate Financing
Private Lending & Conventional Mortgage Advice
Insurance
Tax, SDIRAs & Cost Segregation
Foreclosures
1031 Exchanges
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing
Erik Estrada's profile image
Erik Estrada's profile image
Erik Estrada

User Stats

6,414
Posts
1,730
Votes
Erik Estrada's profile image
Erik Estrada's profile image
Erik Estrada
Erik Estrada
#2 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
1,730
Votes |
6,414
Posts
Mortgage Brokers & Lenders

Rocket Mortgage offering DSCR Loans

Erik Estrada
#2 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
Posted

What do you guys think will be the outcome of this? A lot of huge players are entering this space now, so it will be interesting to see how the next 6 months will play out. 

I just priced out a loan and the rate is very good. They also don't have any LLPAs for short term rentals.. 

business profile image
LuxePrivate Investments LLC
5.0 stars
71 Reviews

Contact us

%

By clicking send, you affirm you have read and agree to the BiggerPockets Terms, acknowledge the BiggerPockets Privacy Policy, and you agree BiggerPockets and its network of professionals may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to the number or email your provide regarding your real estate needs. You also agree BiggerPockets and its affiliates may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to you regarding offers and other content that may interest you. Consent is not a condition of purchase. Message and data rates may apply. Message frequency varies. You can unsubscribe at any time by replying STOP or clicking the unsubscribe link (where available) in one of our messages.

1 Vote
Follow
15 Replies
Jump to Last Reply
Log In or Sign Up to Reply

Most Popular Reply

Devin Peterson's profile image
Devin Peterson's profile image
Devin Peterson
  • Lender
  • from Sarasota, FL
  • Member since Oct 17, 2022

User Stats

2,004
Posts
665
Votes
Devin Peterson's profile image
Devin Peterson's profile image
Devin Peterson
  • Lender
  • from Sarasota, FL
  • Member since Oct 17, 2022
Devin Peterson
  • Lender
  • Sarasota, FL
665
Votes |
2,004
Posts
Devin Peterson
  • Lender
  • Sarasota, FL
Replied
Quote from @Erik Estrada:
Quote from @Chris Seveney:

This is very interesting. I know UWM got into the space not to long ago on DSCR. What did you end up getting for the rate?


 I priced out the following 

Loan Amount: $1,440,000

SFR

Borrower Paid Rate: 6.25% 

80 LTV Rate and Term Refi

5 Year PPP

$1095 Underwriting Fee 

Lender Credit: 1.151% 


 Rocket retail has slightly better pricing but they are a wholesale focused lender. Especially with the portal and pathfinder. 

I bet they will be more aggressive with docs and questions along the way DSCR or not. Kind of like a Deephaven or AHL. All of these CDFI lenders still ask for more than necessary on the doc side of things and it pisses borrowers off. Good rates are attractive but so is less red tape.

business profile image
ProAlpha Capital
5.0 stars
6 Reviews

Contact us

%

By clicking send, you affirm you have read and agree to the BiggerPockets Terms, acknowledge the BiggerPockets Privacy Policy, and you agree BiggerPockets and its network of professionals may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to the number or email your provide regarding your real estate needs. You also agree BiggerPockets and its affiliates may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to you regarding offers and other content that may interest you. Consent is not a condition of purchase. Message and data rates may apply. Message frequency varies. You can unsubscribe at any time by replying STOP or clicking the unsubscribe link (where available) in one of our messages.

2 Votes
Log In or Sign Up to Reply
Sort By:

Loading replies...