Weekly Investor Mortgage Report – January 1 2024
Categories: Uncategorized
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.
