Traditional/Conventional

DSCR

 


Fix and flip loans
Rates this week!
Rates improved last week when data showed both wholesale and consumer inflation is once again moving lower. The Fed left its policy rate unchanged last week and Fed Chair Powell signaled the Fed isn’t likely to make any moves at the next meeting in July, with Fed officials projecting between 1-2 cuts this year.
While it was great to see rates move lower last week, we could be seeing rates capped out for the near term, meaning we aren’t likely to see them move lower this week and instead are likely to see them get slightly worse. For those in process and closing soon, consider discussing locking with your mortgage pro. Those not yet under contract or in process though shouldn’t worry much, rates are not likely to move that much higher.

 

What’s affecting rates this week:

  • Juneteenth holiday: Markets will be closed in observance of Juneteenth on Wednesday, and mortgage rates won’t move that day.
  • Economic data: Only a couple reports this week to watch, retail sales on Tuesday and PMI data on Friday. If the data reflects economic weakness we could see rates improve just slightly, but stronger data would pressure rates higher on the week.

DSCR Loans

Best Rate at 60% LTV:    6.25% to 6.99%

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:    $65,000

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: 6.375% to 6.675%

Non-Owner Occupied:  Low 7.25 to 7.375%

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): 9.5% – 12%

Large Lenders (15% down + 1 point + closing costs): 9.25 – 11%

 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


HELOCS

RENTAL HELOCS to 80%.     Fixed and adjustable.


 


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 June 17th, 2024

by
Traditional/Conventional

DSCR

 


Fix and flip loans
Rates this week!
Rates improved early in the week as markets grew optimistic that the Fed was likely to cut its policy rate at least a couple of times by the end of the year. However, rates jumped higher on Friday when the BLS jobs data showed a lot more jobs were created than what had been forecast, ending the week just slightly better than the previous week.
Rates this week will definitely move higher or lower, we just don’t know which way they will go. Rates should start the week off calm, but Wednesday brings inflation data and the Fed meeting. Depending on how the data comes out and what the Fed says, we could see rates start to improve again or they could move quite a bit higher. There is a lot of risk this week.

 

What’s affecting rates this week:

  • Inflation data: The CPI inflation report comes out Wednesday morning before mortgage rates are released and will affect rates that day.
  • Fed meeting and press conference: The Fed is unlikely to cut or hike rates at this month’s meeting, however will release its quarterly forecast for rates. Fed Chair Powell’s press conference is also likely to cause rates to move Wednesday afternoon.

DSCR Loans

Best Rate at 60% LTV:    6.25% to 6.99%

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:    $65,000

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: 6.625% to 6.675%

Non-Owner Occupied:  Low 7.25 to 7.375%

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): 9.5% – 12%

Large Lenders (15% down + 1 point + closing costs): 9.25 – 11%

 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


HELOCS

RENTAL HELOCS to 80%.     Fixed and adjustable.


 


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 June 10th, 2024

by
Traditional/Conventional

DSCR

 


Fix and flip loans
Rates this week!
Last week saw mortgage rates move quite a bit higher by midweek, only to recover and end the week almost unchanged. Rates rose as consumer confidence readings unexpectedly came in higher on Tuesday, but were helped by slightly better than expected inflation data on Friday
Mortgage rates are sure to move this week, and hopefully improve, but it will depend on the data. This week brings lots of jobs data, and any signs of a softening labor market will help mortgage rates improve ahead of next week’s Fed meeting and inflation data. However, if the labor market data shows strength instead of the expected weakness, we could see mortgage rates move higher.

 

What’s affecting rates this week:

  • Jobs data: This week brings the job opening and labor turnover survey on Tuesday, the ADP private payroll report on Wednesday, jobless claims on Thursday, and the report that will have the most impact on mortgage rates on Friday, the BLS jobs report.
  • Other economic data: There are a few other reports this week that will give insight into whether the economy is slowing down or not, which could help mortgage rates this week.

DSCR Loans

Best Rate at 60% LTV:    6.25% to 6.99%

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:    $65,000

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: 6.625% to 6.675%

Non-Owner Occupied:  Low 7.25 to 7.375%

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): 9.5% – 12%

Large Lenders (15% down + 1 point + closing costs): 9.25 – 11%

 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


HELOCS

RENTAL HELOCS to 80%.     Fixed and adjustable.


 


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 June 3rd, 2024

by
Traditional/Conventional

DSCR

 


Fix and flip loans
Rates moving up for the week!
Mortgage rates were just slightly higher to end the week ahead of the holiday weekend, although it wasn’t much. Fed officials were out speaking last week, with most of them saying they needed to see more signs that inflation was still dropping before they would consider voting to lower the Fed policy rate later this year.
Mortgage rates may continue to creep slightly higher this week, although we shouldn’t see any big moves in rates. The big moves for rates could come next week when we get a lot of labor market reports and the BLS jobs data.

 

What’s affecting rates this week:

  • Inflation data: Friday brings the personal consumption expenditures index, the Fed’s favored inflation gauge that tracks what goods and services consumers buy and how much they pay for them. Economists expect to see the smallest increase in inflation so far this year, which could help mortgage rates recover a bit if they creep higher through the week.
  • Fed speakers: More Fed officials will be out speaking this week, likely to spread the same message as the members did last week, that the Fed needs to see inflation improve for a few months before cutting rates

DSCR Loans

Best Rate at 60% LTV:    6.25% to 6.99%

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:    $65,000

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: 6.625% to 6.675%

Non-Owner Occupied:  Low 7.25 to 7.375%

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): 9.5% – 12%

Large Lenders (15% down + 1 point + closing costs): 9.25 – 11%

 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


HELOCS

RENTAL HELOCS to 80%.     Fixed and adjustable.


 


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 May 27, 2024

by
Traditional/Conventional

DSCR

 


Fix and flip loans
Rates in flux this week!
Mortgage rates improved slightly last week when April’s consumer price index report showed inflation easing for the first time in months. Rates were further helped when other data showed retail sales were unexpectedly flat last month.
This week it is likely that mortgage rates will move slightly day-to-day, but will be basically unchanged for the week. Mortgage rates have settled in to a range anticipating that the Fed will cut rates two times this year, with the first cut likely to come at the September Fed meeting. Rates are not likely to move much lower unless we see more data showing the economy and labor market are slowing down while inflation is easing.

 

What’s affecting rates this week:

  • Fed speakers:      Many of the Fed officials will be speaking this week, likely spreading the message that the Fed will keep its policy rate steady until later this year.
  • Early close Friday:      Markets will close early on Friday and be closed on Monday for Memorial Day. Lenders will also be closed on Monday.
  • Economic data:      There is little in the way of data this week to influence mortgage rates.

 


DSCR Loans

Best Rate at 60% LTV:    6.25% to 6.99%

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:    $65,000

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: 6.625% to 6.675%

Non-Owner Occupied:  Low 7.25 to 7.375%

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): 9.5% – 12%

Large Lenders (15% down + 1 point + closing costs): 9.25 – 11%

 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


HELOCS

RENTAL HELOCS to 80%.     Fixed and adjustable.


 


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 May 20, 2024

by
Traditional/Conventional

DSCR

 


Fix and flip loans
Rates in flux this week!
Mortgage rates improved a little bit last week as markets remained optimistic that the Fed will cut rates later this year and will not need to instead start hiking rates to fight inflation. Overall it was a quiet week for rates as traders held steady ahead of this week’s inflation data.
This week will be a big one for mortgage rates, which could either continue improving or will see a turnaround based on the reaction to the inflation data released this week. Be sure to stay in touch with your mortgage professional to assess the risks to locking or floating if you’re currently in the mortgage process.

 

What’s affecting rates this week:

  • Inflation data: Wholesale inflation data comes out Tuesday, but will have a much smaller effect on mortgage rates than Wednesday’s consumer CPI inflation data. The early projections are that we will see a slowing in inflation, which will help mortgage rates improve from here.
  • Retail Sales Data:Because this report comes out on Wednesday at the same time as inflation, it will either help the market rally that improves rates or the sell off that pushes mortgage rates higher.

DSCR Loans

Best Rate at 60% LTV:    6.25% to 6.99%

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:    $65,000

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: 6.625% to 6.675%

Non-Owner Occupied:  Low 7.25 to 7.375%

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): 9.5% – 12%

Large Lenders (15% down + 1 point + closing costs): 9.25 – 11%

 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


HELOCS

NOO HELOCS to 80%


 


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 May 13, 2024

by
Traditional/Conventional

DSCR

 


Fix and flip loans
Rates are a little better!
Mortgage rates improved last week because markets grew more optimistic that the Fed was still committed to cutting rates later in the year despite inflation not falling much this year. Rates started improving after the Fed meeting on Wednesday when the Fed kept its policy rate unchanged and Fed Chair Powell made it clear that policy rate hikes were not yet on the table. Rates continued to improve through Friday’s jobs data which showed the first clear sign of a softening labor market.
This week is not likely to bring about much movement for rates after last week’s big moves. Mortgage rates are now back to reflecting two Fed rate cuts by the end of the year, and traders will be waiting to see what next week’s inflation data shows.

 

What’s affecting rates this week:

  • Economic data:  There is little economic data this week to affect mortgage rates, but some Treasury auctions this week could have a small effect, especially Wednesday’s 10yr auction.
  • The Fed: Fed members will be out speaking this week, and will likely reinforce the message that the Fed needs to hold rates steady until inflation shows signs of moving lower

DSCR Loans

Best Rate at 60% LTV:    6.25% to 6.99%

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:    $65,000

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: 6.625% to 6.675%

Non-Owner Occupied:  Low 7.25 to 7.375%

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): 9.5% – 12%

Large Lenders (15% down + 1 point + closing costs): 9.25 – 11%

 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


HELOCS

NOO HELOCS to 80%


 


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 May 6, 2024

by
Traditional/Conventional

DSCR

 


Fix and flip loans
Rates could be volatile!
This week brings major labor market data and the Fed meeting and press conference. Although we try to forecast what this will mean for mortgage rates, depending on what is said and how the data comes out this week we could see mortgage rates move significantly up or down. A good week to stay in touch with your mortgage professional.

 

What’s affecting rates this week:

  • Economic data: Wednesday brings the first of many jobs reports for the week, and Friday brings the BLS jobs data which will have the greatest effect on mortgage rates. Continued signs of a strong labor market will pressure mortgage rates to move higher, while any surprise weakness could help rates improve, although not likely by much.
  • The Fed: Wednesday brings the Fed policy statement, where the Fed is expected to keep rates unchanged but to signal that cuts are not likely until much later in the year. Powell’s press conference after usually causes a strong reaction in mortgage rates.

DSCR Loans

Best Rate at 60% LTV:    6.25% to 6.99%

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:    $65,000

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: 7% to 7.25%

Non-Owner Occupied:  Low 7.875%

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): 9.5% – 12%

Large Lenders (15% down + 1 point + closing costs): 9.25 – 11%

 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


HELOCS

NOO HELOCS to 80%


 


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 April 29, 2024

by
Traditional/Conventional

DSCR

 


Fix and flip loans
Rates look to be flat this week.
Rates are not likely to move much this week, instead markets are waiting for more news from next week’s jobs data and Fed meeting. After a couple of weeks of rates moving higher, seeing rates settle down and remain unchanged for the week would actually be a step in the right direction

 

What’s affecting rates this week:

  • Economic data:  Only a couple of reports this week that have even a little bit of influence on mortgage rates, including Friday’s PCE inflation data (the Fed’s favored inflation gauge), not likely to move rates either up or down much though.
  • The Fed: Mortgage rates will continue to react to expectations of when and how much the Fed will cuts its policy rate this year. Rates were lower when markets expected 5-6 cuts in 2024, and rates have moved higher now that markets project only 1-2 cuts not likely to start until at least September.

DSCR Loans

Best Rate at 60% LTV:    6.25% to 6.99%

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:    $65,000

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: 7% to 7.25%

Non-Owner Occupied:  Low 7.875%

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): 9.5% – 12%

Large Lenders (15% down + 1 point + closing costs): 9.25 – 11%

 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


HELOCS

NOO HELOCS to 80%


 


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 April 22, 2024

by
Traditional/Conventional

DSCR

 


Fix and flip loans
They have rates going the wrong way…please make them stop.
Rates are likely to creep higher this week as markets adjust to expectations that the Fed may cut rates only twice or even once this year. Strong economic and labor data along with increasing inflation have shelved the idea that any rate cuts will happen before September at the earliest.

 

What’s affecting rates this week:

  • Economic data: Not a lot of data this week, and what we’ve seen already was bad for mortgage rates.
  • The Fed:  Lots of Fed officials will be out speaking this week, likely sharing the message that the Fed does not need to cut rates yet.  Markets are now expecting only two or even one Fed rate cut this year as Fed officials continue to say that the strong economy and labor market along with stubborn inflation make it too early to even consider cutting rates. Mortgage rates won’t move lower unless/until expectations grow again that the Fed will have to cut rates.

DSCR Loans

Best Rate at 60% LTV:    6.25% to 6.99%

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:    $65,000

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: 7% to 7.25%

Non-Owner Occupied:  Low 7.875%

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): 9.5% – 12%

Large Lenders (15% down + 1 point + closing costs): 9.25 – 11%

 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


HELOCS

NOO HELOCS to 80%


 


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 April 15, 2024

by