Current DSCR loan rates
Analyze this week’s DSCR loan rates with Andes Mortgage’s pricing for rental property investors, sourced from current wholesale rate sheets.
Every rate below is shown with the points it costs, so you’re comparing real options.
Rates as of Oct 22, 2026
These rates are a few days old — ask us for today's pricing.
Lower rate, more points
6.625%
2.380 points
No points
7.125%
no points
Up to 75% LTV
Lower rate, more points
6.500%
1.622 points
No points
6.750%
no points
Up to 75% LTV
Lower rate, more points
6.625%
1.630 points
No points
7.250%
no points
Up to 70% LTV
Assumptions
- Credit score
- 760+
- Property type
- 1–4 unit investment
- Term
- 30-year fixed
- Prepayment penalty
- 3-year
- DSCR ratio
- 1.10+
- Max LTV
- 75%
Rates and points shown reflect Andes Mortgage's DSCR program ranges, synthesized from current wholesale pricing, and are illustrative, subject to change, and not a commitment to lend. Actual terms depend on a full review of your scenario.
DSCR loans are business-purpose financing priced nationally by program, so the pricing above applies across the states Andes serves — it isn't specific to one state.
DSCR loan rates summary
As of October 22, 2026, Andes Mortgage DSCR loan rates start at 6.625% with 2.38 points on a 30-year fixed purchase, based on 760+ credit, 75% LTV, a 1.10+ DSCR, and a 3-year prepayment penalty. Cash-out refinances start at 6.625% with 1.63 points at 70% LTV.
- National pricing: the same rates in every state we lend in
- Every rate shown with the points it costs
- Set by hand each week, dated on the ladder
Six factors that affect and set your DSCR loan rate
A DSCR loan qualifies on the property’s rental income instead of your personal income. These six points move DSCR rates the most.
Rate and points
A point is prepaid interest equal to 1% of the loan amount, paid at closing. Paying more points buys a lower rate, and paying fewer means a higher one. On a $300,000 loan, each point is $3,000. If you’ll keep the loan for years, the lower rate usually costs less overall. If you expect to sell or refinance soon, opt for a mortgage with fewer points.
Loan-to-value (LTV)
LTV is the loan amount divided by the property’s value or price. A larger down payment, or more equity on a refinance, lowers the risk and usually the rate. A lower loan-to-value may allow you to fetch lower rates.
Prepayment penalty
Most DSCR loans charge a fee if you pay the loan off early, often on a schedule that steps down over three to five years. A longer penalty period usually earns a better rate, while a shorter one, or none, costs more in rate or points. Strategize on how long you expect to hold the property.
DSCR ratio
DSCR is the monthly rent divided by the monthly payment: principal, interest, taxes, insurance and any HOA dues. At 1.00, the property breaks even. At 1.25, the rent covers the payment one and a quarter times. The higher the debt coverage, the loan prices better. Some programs lend below 1.00, at a higher rate and a lower maximum LTV.
Credit scores
Credit scores can heavily affect your DSCR loan rate. A credit score above 760 will open the door to some of the best DSCR rates while scores under 700 will hit your pricing negatively.
Property type
The type of rental property that you acquire will affect your DSCR rate. A single family residence may offer the best pricing while a non-warrantable condominium or a complex property may command a hit on your interest rate. Rural properties may also come in at higher rates.
What moves DSCR rates week to week
DSCR loans are non-QM – a portfolio of mortgages that are not part of agency or government loans. Most are sold to private investors and pooled into non-agency mortgage securities instead of going to Fannie Mae or Freddie Mac.
Treasury yields
Fixed-rate DSCR pricing tracks longer-term Treasury yields, with the 10-year as the benchmark most mortgage pricing follows. When yields climb for a week, DSCR rate sheets usually climb with them.
Demand for non-QM bonds
Lenders price DSCR loans at a spread over Treasuries, and the spread depends on what bond investors will pay for non-QM mortgage securities. Strong demand narrows it and pricing improves. A nervous market widens that spread and rates move up accordingly.
Economic reports and the Fed
Inflation reports, jobs numbers and Federal Reserve meetings move Treasury yields, so rate sheets often reprice the day the news comes out. A busy week for data can bring more than one change.
Lender appetite
Each wholesale lender adjusts its own rate sheet to win more business or slow it down, so the gap between sheets shifts from week to week. As a wholesale broker, we compare more than one sheet before we set the ladder.
How we update this page
We review DSCR pricing across our wholesale lender network every week and set the ladder from the strongest pricing we see for this scenario. Rates can change between updates. Your quote comes from the pricing on the day we review your scenario.
DSCR resources and states where we offer DSCR loans
These rates are national: DSCR loans are priced by program, not by state.
What changes from state to state is the deal itself, meaning rents, property taxes, insurance and local rules, and that’s what our state pages cover.
DSCR loan calculator
Enter the rent, price, taxes and insurance to see your DSCR ratio and monthly payment.
DSCR cash-out refinance
Pull equity out of a rental you own to fund the next one.
DSCR loans for short-term rentals
Finance an Airbnb or short-term rental property with a DSCR loan. Purchase, cash-out or rate-term refinance.
Low DSCR financing
If your property rent fails to cover the payment, the debt-coverage is under 1.0. Most lenders don’t finance these deals but we do.
DSCR loan rate questions
What are DSCR loan rates today?
The rate ladder at the top of this page shows Andes Mortgage’s current DSCR pricing for a purchase, a rate-and-term refinance and a cash-out refinance, each with the points it costs. The date on the ladder is the day the rates were last set. Your own rate depends on your credit score, loan-to-value, DSCR ratio, prepayment penalty and property type.
Why are DSCR rates higher than conventional investment property rates?
DSCR loans qualify on the property’s rent instead of your tax returns, and they’re funded by private investors rather than Fannie Mae or Freddie Mac. That flexibility costs something, so DSCR rates usually run above conventional investment property rates. In return, you skip personal income documentation and can close in an LLC.
How many points should I pay on a DSCR loan?
Compare the extra cost of the lower-rate option with the monthly payment it saves. If one more point on a $300,000 loan costs $3,000 and saves $60 a month, you break even after 50 months. If you’re likely to sell or refinance before then, the option with fewer points costs less.
Does a higher DSCR ratio get a lower rate?
Usually. DSCR programs price in tiers, so a stronger ratio can move you into a better one. Below 1.00, the rent doesn’t fully cover the payment. Some programs still lend there, at a higher rate and a lower maximum loan-to-value.
Do DSCR loans have a prepayment penalty?
Most do. A common structure steps down over five years: 5% of the balance paid off early in the first year, then 4%, 3%, 2% and 1%. A shorter penalty, or none, is usually available for a higher rate or more points.
Are these rates the same in every state?
Yes. DSCR loans are priced nationally by program, so the ladder applies in every state where Andes Mortgage lends. What changes by state is the deal itself: rents, property taxes and insurance, which set your DSCR ratio. Our state DSCR pages cover those local numbers.
Can I use a DSCR loan for a home I live in?
No. A DSCR loan is business-purpose financing for rental and investment property only. If you’re buying or refinancing a home you’ll live in, book a consultation and we’ll walk you through the loans that fit.
How often are these rates updated?
Every week. We set the rates by hand from current wholesale pricing, and the date on the ladder is the day they were last set. Rates can move between updates, so your quote comes from the pricing on the day we review your scenario.
Get DSCR pricing for your property
Tell us about the property, the rent and how long you plan to hold it. We’ll price it on this week’s DSCR rate sheets and show you the rate and points options side by side.
DSCR loans are business-purpose loans for non-owner-occupied investment property and aren’t available for a home you live in. Rates and points are illustrative and subject to change, and they aren’t a commitment to lend.