What Are Interest Rates for DSCR Loans in 2023?

What Are Interest Rates for DSCR Loans in 2023?

Hey Beau, wanted to find out what the current rates are for DSCR loans. Can you help me with that?

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Timestamps
[00:14] DSCR rates change every single day, sometimes 2-3 times a day
[00:22] DSCR loans adjust like conventional loans
[00:33] The pricing is determined by loan-to-value whether it’s a purchase refinance or cash-out refinance, and your credit score
[00:43] LTV and credit scores are big determining factors
[00:49] There’s a hit if it’s a non-warrantable condo
[00:57] The rates can be anywhere from the sevens to the mid eights
[01:15] What’s the actual DSCR on it?
[01:28] This February, the rates could be on the low end
[01:45] Some lenders won't lend in certain states
[01:56] The rates can vary very drastically between lenders

The video is about current interest rates for DSCR loans in 2023. Beau explains that these rates change daily and are typically determined by loan-to-value (LTV), credit score, and other factors such as whether it's a purchase, refinance, or cash-out refinance, and whether it's a condo or not. The rates can range from the sevens to mid eights, depending on these factors.

Beau also mentions that some lenders have different rates and terms, so it's important to compare offers.

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💥 Thanks for watching 💥
#dscrloans #dscr #interestrates

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

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