Weekly Investor Mortgage Report – January 1 2024

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Welcome to 2024 and the Weekly Investor Mortgage Report.  2024 will be a good year for rates and easing of lending requirements.

 

DSCR Loans

Best Rate at 60% LTV:    6.8% to 7.125%

Best Rate at 70% LTV:    7% to 7.375%

Best Rate at 80% LTV:    7.25% to 7.5%

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: High 5% to low 6%

Non-Owner Occupied: Mid 6 % to High 6%

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): 10% – 13%

Large Lenders (15% down + 1 point + closing costs): 10 – 13.5%


Coming Soon…

Bank Loans

Construction Loans

HELOCS

Business Credit Cards

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

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