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DSCR Loans
What are the closing costs for a DSCR loan?
Closing costs for DSCR loans can vary, but they typically include expenses such as appraisal fees, title insurance, loan origination fees, and other standard closing costs associated with real estate transactions[13].
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Related Questions
What is a DSCR loan?
A DSCR loan, or Debt Service Coverage Ratio loan, is a type of mortgage designed for real estate investors. Unlike tradi...
How is the DSCR calculated?
The DSCR is calculated by dividing the property's net operating income (NOI) by its annual debt service (total principal...
What is a good DSCR ratio?
Lenders typically prefer a DSCR of 1.25 or higher, indicating the property generates 25% more income than needed for deb...