Current rate ranges for DSCR, STR, bank statement, and Non-QM loans. Rates move daily — these are live market ranges based on what we're seeing close right now.
Rates shown are indicative ranges based on 30-year fixed DSCR loans at 75% LTV with 720+ FICO. Your rate will vary based on FICO score, LTV, DSCR ratio, loan size, and property type. Contact Ivan for a same-day rate quote on your specific scenario.
DSCR loans typically run 0.5–1.5% higher than conventional investment property loans. That spread reflects the reduced documentation requirement and the non-QM nature of the product. For most investors, that tradeoff is more than worth it — because without DSCR, they can't qualify at all.
A conventional investment loan at 7.0% that requires two years of tax returns and a DTI under 45% is useless to a self-employed investor with heavy write-offs. A DSCR loan at 7.75% that closes in 21 days with no income docs is the deal that actually gets done.
| FICO Score | LTV ≤ 65% | LTV 65–75% | LTV 75–80% | Tier |
|---|---|---|---|---|
| 740+ | 7.25–7.75% | 7.50–8.00% | 7.75–8.25% | Best Pricing |
| 720–739 | 7.50–8.00% | 7.75–8.25% | 8.00–8.50% | Strong |
| 700–719 | 7.75–8.25% | 8.00–8.50% | 8.25–8.75% | Mid-Tier |
| 680–699 | 8.00–8.50% | 8.25–8.75% | 8.50–9.00% | Mid-Tier |
| 660–679 | 8.25–8.75% | 8.50–9.00% | 8.75–9.25% | Standard |
| 640–659 | 8.50–9.25% | 8.75–9.50% | Not available | Lower Tier |
| 620–639 | 8.75–9.75% | Not available | Not available | Min. Eligible |
| Loan Program | Typical Rate Range | Min. FICO | Max LTV | Income Docs |
|---|---|---|---|---|
| DSCR — Long-Term Rental | 7.25–9.00% | 620 | 80% | None |
| DSCR — Short-Term Rental (STR) | 7.50–9.25% | 660 | 75% | AirDNA |
| No-Ratio DSCR | 7.75–9.50% | 680 | 70% | None |
| BRRRR Cash-Out Refi | 7.50–9.25% | 640 | 75% | None |
| Bank Statement — Investment | 7.50–9.50% | 620 | 80% | 12–24 mo stmts |
| Bank Statement — Primary | 7.25–9.25% | 620 | 85% | 12–24 mo stmts |
| Foreign National DSCR | 8.00–10.00% | N/A | 70% | None (US) |
| Asset Depletion | 7.50–9.50% | 640 | 80% | Asset statements |
Your base rate is then adjusted based on the following factors. These are common overlays — your exact adjustments will be on your Loan Estimate.
| Factor | Rate Impact | Notes |
|---|---|---|
| Cash-Out Refinance | +0.25–0.50% | vs. purchase or rate-and-term refi |
| Short-Term Rental (STR) | +0.25–0.50% | vs. long-term rental DSCR |
| DSCR Below 1.0 (No-Ratio) | +0.50–1.00% | no-ratio programs carry a premium |
| Interest-Only Option | +0.25–0.375% | vs. fully amortizing |
| LLC / Entity Borrowing | No adjustment | same rate as personal name |
| DSCR Ratio ≥ 1.25 | −0.125–0.25% | strong DSCR can improve pricing |
| Loan Amount > $1M | +0.125–0.25% | jumbo DSCR pricing |
Non-QM lenders hold DSCR loans on their balance sheets or sell them to private investors rather than Fannie/Freddie. That means higher capital costs — which flow through to borrowers as a rate premium of roughly 0.5–1.5% vs. conventional.
On a long-term hold (5+ years), buying down the rate by paying points upfront often pencils out. On a BRRRR where you plan to refinance in 2–3 years, it usually doesn't. I'll run the breakeven analysis on your specific deal.
Most DSCR loans include a step-down prepayment penalty (e.g., 5-4-3-2-1% over 5 years). You can typically buy out of the PPP at a slightly higher rate. Always know your exit strategy before locking.
Rate tables are guides. Your real number depends on your specific deal. Call or apply and I'll give you an exact quote.
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