Rates
DSCR Rates Update — May 2026 (Archive)
Archived May 2026 DSCR rate snapshot. For current July 2026 tables and commentary, see the live rates page and the July 2026 update.
Current rates: This is an archived May 2026 market note. For live tables and the latest commentary, see DSCR loan rates today and the July 2026 rates update.
In May 2026, DSCR loan rates for clean LLC-vested files clustered roughly in the 6.25%–7.875% band, with top-tier 720 FICO / 75% LTV / 1.10 DSCR quotes often in the 6.75%–7.25% range on a 30-year fixed.
Where rates were in May 2026
| Product | 720 FICO / 75% LTV / 1.10 DSCR (May snapshot) |
|---|---|
| 30-yr fixed | ~7.00% |
| 5/1 ARM | ~6.625% |
| 7/1 ARM | ~6.75% |
| 10-yr IO / 30-yr term | ~7.25% |
These were note-rate baselines with a typical ~1-point buydown assumption on a clean LLC-vested scenario — not lockable quotes.
What was driving May pricing
10-year Treasury / MBS spreads: Non-QM DSCR spreads to Treasuries had compressed versus 2024 peaks, which was the main reason absolute DSCR rates improved even when Fed Funds sat in a holding pattern.
LLPA stack still mattered: Sub-680 FICO, 80% LTV, no-ratio, and STR/non-warrantable overlays continued to add meaningful rate or LTV haircuts on top of the headline.
What to use now
For current numbers, use the weekly rates tables and the July 2026 update. To get a lockable quote on a specific deal, get matched.
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