Quick Lending Update (Great news for investors đź‘€)
I just got a new rate sheet from one of my lenders and here is the big takeaway…
DSCR rates are currently in the low to mid 6% range.
I am also seeing:• Up to 75 to 80% financing• 30-year fixed options• Investor-friendly underwriting
I always say it is not about timing the market. It is about time in the market.
But the reality is, right now the market is actually favoring investors.
One of the reasons I like DSCR loans so much:
• Qualify based on the property income, not your personal income
• No tax returns, W-2s, or income verification required• Close directly in an LLC which is great for asset protection
• Fast closings
• Designed specifically for rental properties
For a lot of investors, this is what makes getting started or scaling much easier.
If you have been thinking about your first out-of-state rental or your next one, financing is more flexible than it has been in a while.
If you want to explore DSCR or see what you might qualify for,reach out and I will connect you with one of my trusted investor-friendly lenders.
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2 comments
Melissa Nash
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Quick Lending Update (Great news for investors đź‘€)
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