Are these real quotes I can lock?

No. They are blended market rates for a clean, LLC-vested 30-year DSCR loan on a 1-4 unit rental. Your actual quote depends on the specific lender, property type, state, loan amount, prepayment-penalty structure, and points. For a real, lockable quote use our /get-matched flow.

Why are DSCR rates higher than conventional Fannie/Freddie rates?

DSCR loans are non-QM: they qualify the property, not the borrower's income. Lenders price in (a) no agency guarantee, (b) investor-occupancy premium, and (c) documentation flexibility. The spread to conventional conforming is typically 0.75%-1.5%.

What's the typical rate difference between fixed and ARM?

In April 2026, 5/1 ARMs are pricing about 0.25%-0.5% below 30-year fixed and 7/1 ARMs about 0.125%-0.375% below. The gap narrows when the yield curve flattens; check the live tables rather than relying on rules of thumb.

How much does interest-only add to the rate?

Most lenders charge about 0.125%-0.375% over the comparable P&I rate for a 10-year interest-only feature on a 30-year loan. It's almost always worth it when the cash-flow math relies on lower debt service during ramp-up.

Can I lock a DSCR rate?

Yes. Standard lock windows are 30, 45, and 60 days. Longer locks cost more (typically +0.125% for 60 days vs. 30). You generally lock after underwriting approves the file, not at application.

Do DSCR rates change by state?

Yes — moderately. High-foreclosure-cost states (NY, NJ, IL, FL on some sheets) often carry a 0.125%-0.25% adjuster, and rent-control states may see tighter LTVs rather than rate bumps. Our /states pages flag state-specific adjusters where they exist.

What about prepayment penalties?

Most DSCR loans come with a 3-5-year step-down prepay by default. Buying out the prepay typically adds 0.25%-0.5% to the rate. See our /learn/prepayment-penalties guide for the tradeoff math.

Rates updated April 10, 2026

DSCR Loan Rates — Live Tables (Updated Weekly)

Current DSCR loan rates by credit tier, LTV, and DSCR ratio — for 30-year fixed, 5/1 ARM, 7/1 ARM, and interest-only variants. Rates refresh every Monday from our DSCR lender network's broker rate sheets.

These are blended market baselines for an LLC-vested DSCR loan on a 1-4 unit rental. Your real quote depends on state, property type, loan size, prepay structure, and points. Want a lockable number? Get matched with the top 3 offers .

30-year fixed DSCR rates

The most common DSCR product. Rates shown are baseline note rates — not APR — and assume 1-point buydown baked in.

DSCR 1.25+ (best pricing)

Credit tier	60% LTV	65% LTV	70% LTV	75% LTV	80% LTV
740+	6.125%	6.25%	6.375%	6.50%	6.75%
720-739	6.25%	6.375%	6.50%	6.625%	6.875%
700-719	6.375%	6.50%	6.625%	6.75%	7.00%
680-699	6.50%	6.625%	6.75%	6.875%	7.125%
660-679	6.75%	6.875%	7.00%	7.125%	7.25%
620-659	7.00%	7.125%	7.25%	7.375%	7.375%

DSCR 1.00-1.24

Credit tier	60% LTV	65% LTV	70% LTV	75% LTV	80% LTV
740+	6.25%	6.375%	6.50%	6.625%	6.875%
720-739	6.375%	6.50%	6.625%	6.75%	7.00%
700-719	6.50%	6.625%	6.75%	6.875%	7.125%
680-699	6.625%	6.75%	6.875%	7.00%	7.25%
660-679	6.875%	7.00%	7.125%	7.25%	7.375%
620-659	7.125%	7.25%	7.375%	7.375%	7.375%

DSCR 0.75-0.99

Credit tier	60% LTV	65% LTV	70% LTV	75% LTV	80% LTV
740+	6.50%	6.625%	6.75%	6.875%	7.125%
720-739	6.625%	6.75%	6.875%	7.00%	7.25%
700-719	6.75%	6.875%	7.00%	7.125%	7.375%
680-699	6.875%	7.00%	7.125%	7.25%	7.375%
660-679	7.125%	7.25%	7.375%	7.375%	7.375%
620-659	7.25%	7.375%	7.375%	7.375%	7.375%

5/1 ARM DSCR rates

Fixed for 60 months, then adjusts annually. Typically 0.375% lower than 30-year fixed in the current environment. Shown at DSCR 1.00-1.24.

Credit tier	60% LTV	65% LTV	70% LTV	75% LTV	80% LTV
740+	5.875%	6.00%	6.125%	6.25%	6.50%
720-739	6.00%	6.125%	6.25%	6.375%	6.625%
700-719	6.125%	6.25%	6.375%	6.50%	6.75%
680-699	6.25%	6.375%	6.50%	6.625%	6.875%
660-679	6.50%	6.625%	6.75%	6.875%	7.00%
620-659	6.75%	6.875%	7.00%	7.00%	7.00%

7/1 ARM DSCR rates

Fixed for 84 months, then adjusts annually. Typically 0.25% below 30-year fixed. Most popular middle-ground for investors planning a 5-8 year hold.

Credit tier	60% LTV	65% LTV	70% LTV	75% LTV	80% LTV
740+	6.00%	6.125%	6.25%	6.375%	6.625%
720-739	6.125%	6.25%	6.375%	6.50%	6.75%
700-719	6.25%	6.375%	6.50%	6.625%	6.875%
680-699	6.375%	6.50%	6.625%	6.75%	7.00%
660-679	6.625%	6.75%	6.875%	7.00%	7.125%
620-659	6.875%	7.00%	7.125%	7.125%	7.125%

Interest-only DSCR rates (10-year IO / 30-year term)

10 years of interest-only payments, then P&I for years 11-30. Typically +0.25% over comparable 30-year fixed. Useful when first-year cash flow needs to cover debt service during rent ramp-up.

Credit tier	60% LTV	65% LTV	70% LTV	75% LTV	80% LTV
740+	6.50%	6.625%	6.75%	6.875%	7.125%
720-739	6.625%	6.75%	6.875%	7.00%	7.25%
700-719	6.75%	6.875%	7.00%	7.125%	7.375%
680-699	6.875%	7.00%	7.125%	7.25%	7.50%
660-679	7.125%	7.25%	7.375%	7.50%	7.625%
620-659	7.375%	7.50%	7.625%	7.625%	7.625%

Rate methodology

Every Monday we pull broker-facing rate sheets from the DSCR lenders in our active network, strip out per-lender margin and state adjusters, and publish the blended median for a clean scenario: LLC-vested, 1-4 unit rental, no points beyond a 1-point buydown, 5-year step-down prepay, 60-day lock.

Individual lender rates on any given day will be ±0.25% of these tables. Some lenders will be materially higher on credit below 680; others will be lower on deals above 720. The value of these tables is as a sanity check — if a lender quotes you +0.75% over this table, there's either a deal-specific adjuster (state, prepay, property type) or a better price somewhere else.

We do not accept paid placement. No lender pays to be included or to nudge their numbers lower on this page.

What drives DSCR rates

Credit (FICO): The biggest single driver. Each 20-point FICO band is typically worth 0.125%-0.25%.
LTV: Each 5% LTV step adds about 0.125%. Going above 75% LTV is where most lenders start adding meaningful bumps.
DSCR ratio: A DSCR above 1.25 earns the best tier. Between 1.00 and 1.24 is standard. Below 1.00 (including no-ratio) adds 0.25%-0.50%.
Property type: 1-unit SFR is the base. 2-4 unit adds 0-0.25%. Condo adds 0.125%-0.25%. Non-warrantable condo and short-term rental add more.
State: Judicial foreclosure states and high-cost-to-lender states (NY, NJ, IL, and occasionally FL on some sheets) carry adjusters of 0.125%-0.25%.
Loan amount: Below $150K and above $2M both add premium. The sweet spot is $200K-$1.5M.
Prepayment penalty: Choosing a 5-year step-down earns the best rate. Shorter or no prepay adds 0.25%-0.50%. See the prepayment penalties guide .

Historical trend: Q1 2025 → Q1 2026

DSCR rates entered 2025 in the 7.75%-8.25% range at our 720/75/1.10 anchor, tracked the broader rate environment lower through the summer, and settled near 7.00% entering Q4 2025. Q1 2026 saw further compression as agency MBS spreads tightened and non-QM investor appetite returned; the current 720/75/1.10 anchor sits at 6.75%. Near-term direction is range-bound: we expect baseline pricing to stay between 6.50% and 7.00% through H1 2026 absent a macro shock.

Frequently asked questions

Tables are refreshed every Monday using broker rate sheets from our DSCR lender network. The date at the top of this page reflects the last refresh. Day-to-day movement is typically ±0.125%; treat any single number as a baseline, not a quote.

Turn a table rate into a locked rate

The tables above are a sanity check. A lockable rate requires a real scenario. Tell us about your deal once — we'll shop it across 40+ DSCR lenders and send you three offers within the hour.

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