Update as of February 2023
For DSCR-type loans (i.e. based on the income of the property and not the income of the borrower), here’s what to expect right now with the following kind of loan profile:
- Single-family home
- Purchase up to 80% LTV and cash-out refinance up to 75% LTV
- DSCR above 1.20
- Personal credit above 720
You could expect a rate of 7.4-7.8% right now. Rate increases would be needed for 2+ unit buildings and lower personal credit. Rate decreases could be achieved for lower LTVs and higher DSCR ratios, as well as paying buy down points.
Please send us a quote request and we will get you started with a fully transparent quote.