Despite the Fed’s interest rate hike of a quarter-point on Wednesday, our DSCR rates are actually dropping. The ongoing economic uncertainty is keeping Treasury rates low in the secondary market which is keeping a lid on mortgage rates for now.
For borrowers with some experience and very good credit, our rental rates start at 6.99%.
For our rental loan program overall, here are the current terms:
✔️ Leverage To 80% of LTV (75% For Cash Out)
✔️ Residential 1-4 Unit
✔️ 30 Year Fixed or 10 Year ARM
✔️ Minimum Credit Score 660+
Take advantage of the dip and lock in at a great rate. Even if you don’t qualify for the 6.99% rate, don’t be discouraged. We can work with you to craft a loan package that will meet your specific needs at a very competitive rate. So, if you are looking for a long-term rental solution for your next real estate investment project, contact us to get a quote.
https://thinknavigator.com/NavCap/GetAQuote.php
We are here and ready to help. Reach out to your loan officer or contact 888.444.3160 or info@gonavcap.com to be put in touch.
We look forward to working with you!