The borrower didn't move forward because the rate increased due to the lower DSCR, and the borrower was receiving less cash out.This property was part of a larger portfolio that my client was considering refinancing, but wanted to test the waters with 1 property first.

Only those who're living off of the working man's dime get a vote.I agree with you.

Some lenders stick to 1.20+ DSCR, but others allow lower with strong compensating factors. What’s the lowest DSCR you’ve actually seen funded?

Looking forward to hearing how others are approaching note buying in 2025.Spent the better part of the last 4 months trying to get a handle on the risk adjusted return for our arena; which is the commercial mortgage $1 million - $5 million loan where the borrower doesn’t qualify for institutional financing.  

No judgment no pitching just real industry conversation and Comment.Because the truth is:The best lenders don’t just fund dealsThey protect relationships and help brokers WIN.And while you’re here tag a broker or lender who always comes through when things get messy.Let’s show them some respect 💼 The lender should also act as the guide as if you are going on a safari, they navigate through the forest and make sure there is communication and documentation is getting completed by the borrower and their underwriting team is providing updates on where things are at.

I assume you're wanting to become a lender rather than being a borrower?

Quote from @Jimmy Rojas: Im a first time homebuyer, i been 1099 for 10yrs now, total monthly expenses $1500 , no debt, bring in $5k a month, experian credit score 745, looking to borrow no more than $200k maybe less, ideally $15k down payment , %6 or less interest,  monthly payments $1500 or less, what are my options and what route should i take. 

I connected with the borrower through a trusted real estate network.

(Not good) but they don't care about anything else besides the subject. but if rocket had let's say a .5% or better rate I would definitely try and push the borrower in that direction for a few extra questions.

Two fixes would win a lot of borrowers: make appraisals and draws faster and more transparent.