Pretty much always around 8-12%.There are always a few outliers, but most lenders have restricted the guidelines or ceased doing certain programs all together.Cheers!

We got an $800 rebate from a state program last year.

Your DSCR options will depend on your credit score as the lenders will take the middle of the three credit scores which will be the deciding factor as to what program options you'll have access to such as property loan amount, required down payment or whether you'll have to have reserves (money for multiple months of property expenses).

However, I recently got accepted into a medical program for my master's degree. 

So, this makes it extreme inconvenient to ONLY be given a new loan AFTER the sale of the current property, and thus concluding the old debt.Typically home builders have programs to deal with this type of transition. 

There are good programs out there.Be happy to connect.Best,Dave

I guess I might look at this from two sides of the coin, by having these programs in Country Club hills the barrier to entry is higher and there won't be as many investors. 

On owner occupied residences you can put down as little as 3.5% (sometimes will seller subsidy’s and certain loan programs it can be effectively less than that.) however with rates above 6 generally I recommend people try to put around 10% down to keep their payment reasonable.

My name is Tony, and I work with the Biggerpockets Featured Agent Program!

My name is Tony, and I work with the Biggerpockets Featured Agent Program!