Are DSCR loans 30 years?

Are DSCR loans 30 years?

Hi, what are the terms I can get on a DSCR loan? I heard they were all 30 year loans.

Thanks!
Amanda

Timestamps
[00:15] You can get amortized loans or interest-only loans
[00:17] An amortized loan could be a five-year fixed, adjustable after five years
[00:30] D o a five-year fixed term with interest-only payments and can be adjustable
[00:45] You could do a 40-year product
[01:03] You can do amortized loans or interest-only loans depending on the situation
[01:18] Look at your position and then evaluate the loan that works for you
[01:24] What if it’s not a DSCR loan with the national fund?
[01:42] Loans for smaller properties

DSCR loans can be either amortized or interest-only loans with different fixed periods ranging from 5 to 10 years.

A 40-year DSCR loan product used to exist where the first 10 years were interest-only, and the next 30 years were amortized.

The loan terms for DSCR loans are usually advertised by National Funds as either a five, seven, or ten-year fixed term with a 30-year amortization or interest-only option.

Some lenders offer a three-year product that is amortized over a three-year fixed period, and some are more of a hybrid type of DSCR loan.

The decision to choose between an interest-only or an amortized loan depends on the borrower's situation and evaluation.

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