Rates could be volatile!

The week will start off quiet and mortgage rates are unlikely to change much until Wednesday, but then the fireworks start when the Fed releases its policy statement and Chair Powell holds his press conference. We also could see more rate movement on Friday when jobs data comes out.

---

DSCR Loans

Best Rate at 60% LTV:    6.75% to 7.00%

Best Rate at 70% LTV:    6.875% to 7.25%

Best Rate at 80% LTV:    7% to 7.375%

Highest LTV:    85% (purchase + rate and term)

Lowest FICO score:    620

Smallest Loan:    $75,000

Largest Loan:    $20mm (large portfolios)

Vacant Properties:    75%

Short-Term Rentals: 80% (purchase + rate and term)

Best rates are based on 780+ credit score, DSCR above 1.15, loans over $300k and in major cities.  We have 20+ of the best DSCR loan buyers at our fingertips and can help with most clients’ needs.

---

No Ratio Loans

Highest LTV: 75% (Purchase + rate and term)

No ratio loans are loans that do not require a rental agreement or have negative cash flow.

---

Conventional Loans

Owner Occupied: Low to mid 6%

Non-Owner Occupied:  High 6% to low 7%

Conventional loan rates powered by TNS Loans NMLS #1719349 on properties in Colorado.  If you want specific rates, reach out to TNS Loans via email at MB@TNSLoans.com.

---

Private Loans

Small Loans and Lenders (.5 – 3 Points): 9.75% – 12%

Large Lenders (15% down + 1 point + closing costs): 9.50 – 13%

 Highest LTV 100% of full project up to 72.5% ARV

 Lowest FICO score:   Mid 500’s with good credit last 12 months

 Smallest loan:    $10k

 

---

Business Credit Cards

0% for up to 18 months

Options for business 3 months plus in business

Credit usage loans available to increase score to qualify for business credit cards

What’s moving the conventional rates?

 

Rates could be volatile!

The week will start off quiet and mortgage rates are unlikely to change much until Wednesday, but then the fireworks start when the Fed releases its policy statement and Chair Powell holds his press conference. We also could see more rate movement on Friday when jobs data comes out.

What’s affecting rates this week:

• The Fed: The Fed is expected to leave its policy rate unchanged at this meeting but markets will be looking for signs about when cuts will begin, especially Wednesday afternoon during Powell’s press conference. If traders think Powell is leaving the door open for rate cuts sooner, we could see mortgage rates improve. However, if Powell ruins any hope of cuts starting at the March meeting, mortgage rates may move higher. 
• Jobs data: Although there are a few different labor reports during the week, Friday’s jobs data will have the most effect on mortgage rates. Labor market weakness will help rates, strength will hurt them

Coming Soon…

Bank Loans

Construction Loans

HELOCS

Please note all loans except Conventional Loans are Non-Trid loans (business purposes only) and require properties to be closed in a business entity like an LLC.

---

Don’t forget to grab a copy of your personal Investor Mortgage Report here! 

What are the best loan products for where you are at now and where you are going.  

Keep up as rates get better and requirements become easier.

Investor Mortgage Report – Week of January 29 2024