DSCR Loan Rates Today
Lender Breakdown: Week of 2026-09-06
Each figure is the lowest 30-year fixed DSCR rate that lender advertises publicly. The basis column shows the conditions attached to it, where the lender states them. Read these as floors: a standard 75% LTV, 740 FICO deal prices above them, often by more than a point.
| Lender | Advertised floor | Basis | Source |
|---|---|---|---|
| Griffin Funding | 6.375% | 30yr fixed, 40yr fixed and 5yr ARM all start here; varies with credit score, DSCR, down payment, buydown points and prepay term (0 to 5 years); page stamped updated 2026-09-01 | Rate page → |
| Kiavi | 5.875% | Promotional banner rate, footnoted; varies with loan terms, borrower qualifications, LTV and property factors; non owner-occupied rental only, up to 80% LTV | Rate page → |
| New Silver | 6.00% | National floor, "interest rate from 6%"; page schema states a 5.875% to 8.5% qualifying range | Rate page → |
| Defy Mortgage | 6.25% | Published floor for a 30yr fixed SFR investment purchase at 75% LTV, still dated 2026-08-17 | Rate page → |
| RCN Capital | 5.75% | Long-Term Rental program; min 660 FICO, min 1.00 DSCR, up to 80% LTV depending on FICO and transaction type | Rate page → |
| Easy Street Capital | 5.75% | EasyRent program, "rates starting at"; up to 10 units, mixed use and short-term rentals included, no further conditions stated | Rate page → |
| Lima One Capital | Not published | Not stated | Rate page → |
| Visio Lending | Not published | Not stated | Rate page → |
| CoreVest | Not published | Not stated | Rate page → |
| Angel Oak | Not published | Not stated | Rate page → |
| LendingOne | Not published | Not stated | Rate page → |
| Truss Financial | Not published | Not stated | Rate page → |
6 of 12 lenders publish a starting rate, the same six as the previous three weeks. All six floors are unchanged from last week, so the average is flat at 6.00 rather than moving. Griffin restamped its page as updated 2026-09-01 with the same 6.375% figure. Angel Oak still publishes no rate and its DSCR page still describes a closed-end second lien program. Visio continues to return 403 to automated fetching.
Methodology
Every week we visit the rate page of each lender in the basket and record the lowest 30-year fixed DSCR rate they advertise publicly, together with any conditions attached to it. Lenders that publish no rate are marked as such and excluded from that week's average. The composite is a simple mean of the reporting lenders, unweighted, because lender volume data is not public. The range shows the lowest and highest advertised floor in the sample.
What this number is not.It is not a quote, and it is not the rate a typical borrower gets. Advertised floors are marketing: they assume the lender's best-case deal, usually well below 75% LTV, with a high FICO, points paid, and a long prepayment penalty. One lender in the current sample publishes its floor against a 55% LTV, 800 FICO example. Treat the gap between the floor and your quote as normal, not as a bait and switch.
Why we changed what we track. This monitor originally aimed to publish a weekly standard-deal average (75% LTV, 1.25+ DSCR, 740+ FICO). That turned out not to be collectable: of 12 major DSCR lenders, only half publish any rate at all, and none publish one tied to that profile. Rather than fill the gap with estimates, we switched in August 2026 to tracking the advertised floor, which is genuinely observable and consistent week to week. Figures from before that switch were estimates and have been removed rather than shown alongside observed data, so the trend line above starts fresh.
What Moves DSCR Rates
DSCR loans are not backed by Fannie Mae or Freddie Mac, so their pricing is driven by different forces than conventional mortgages. Three factors matter most:
1. The 10-year Treasury yield
Most non-QM lenders benchmark their long-term rates off the 10-year Treasury. When bond yields rise, DSCR rates follow with a typical lag of 1 to 3 weeks. The spread between DSCR rates and the 10-year usually sits around 2.5% to 4.0%.
2. Non-QM securitization demand
DSCR lenders sell pools of loans to institutional investors as mortgage-backed securities. When demand for these bonds is strong, lenders can offer lower rates because they know they can sell the loan at a good price. When demand weakens (risk-off environments, credit events), spreads widen and rates jump even if Treasuries are flat.
3. Individual lender capacity
Lenders have volume targets. When a lender is behind on volume for the quarter, they drop rates to attract deals. When they are at capacity, rates creep up. This is why shopping multiple lenders in the same week often yields a spread of 0.50% to 1.00% or more.
How to Use This Data
The primary use case is direction, not level. If advertised floors have fallen for three consecutive weeks, the market is moving, and that is worth knowing before you lock. A one-week dip is noise. Because every lender in the basket is measured the same way each week, the trend is reliable even though the level is a marketing number.
The secondary use case is shopping. The spread between the lowest and highest floor in a given week tells you how much dispersion there is between lenders right now. When that spread is wide, calling three lenders instead of one is worth real money.
For modelling a deal, use our cash-out refi calculator or DSCR calculator. They default to an estimated standard-deal rate rather than to the floor on this page, so your models do not start out optimistic.
Do not over-optimize on timing. A 0.25% rate improvement on a $300,000 loan saves $62/month. If waiting for that quarter point costs you a deal or two months of vacancy, the math rarely works out.
Compare Lenders Beyond Rates
Rate is one variable. The lender you choose should also match on minimum DSCR, FICO floor, prepayment penalty structure, and property type coverage. Our lender comparison matrix shows these side by side. And if you are not sure which lenders will take your deal, the DSCR qualifier matches your profile against the full dataset.
Frequently asked questions
What is the number at the top of this page?
It is the average of the lowest rates DSCR lenders publicly advertise, the "rates starting at X%" figure on their websites. It is a floor, not a typical rate. Lenders attach their best-case assumptions to it: low LTV, high FICO, discount points paid, and a multi-year prepayment penalty. We track it because it is the only DSCR pricing that is genuinely public and comparable week to week.
So what will I actually pay?
Expect meaningfully more than the floor. For a standard deal (30-year fixed, 75% LTV, 1.25+ DSCR, 740+ FICO, single-family long-term rental), 2026 pricing has generally run in the 6.125% to 7.5% band, roughly 1 to 1.5 points above the advertised floors. Our calculators default to 7.0% for that reason rather than to the floor on this page. The only way to know your number is a written quote.
Why not just publish the standard-deal rate?
Because almost no lender publishes it. We checked 12 major DSCR lenders. Six advertise a starting rate and six route you straight to a quote form with no numbers at all. Publishing a weekly "standard deal average" would mean inventing the missing figures, so we publish what is actually observable and label it plainly.
How are these rates collected?
We visit the published rate page of each lender in the basket every week and record the lowest advertised 30-year fixed DSCR rate, along with any conditions the lender attaches to it. Lenders that publish nothing are shown as N/A and excluded from the average, so the sample size varies week to week. We report the source count next to every average.
Why are DSCR rates higher than conventional mortgage rates?
DSCR loans are non-QM products, they do not go through Fannie Mae or Freddie Mac. Without government backing, lenders price in more risk. The property qualifies based on rental income, not your personal income, which means higher default probability for the lender. That risk premium typically adds 1.5% to 3% over conventional rates.
What moves DSCR rates week to week?
Three things: the 10-year Treasury yield (most DSCR lenders benchmark off it), the appetite of non-QM securitization buyers (the secondary market), and individual lender capacity. When bond yields drop, DSCR rates follow, but with a lag of 1 to 3 weeks. Securitization demand can override: if buyers are hungry for DSCR-backed bonds, rates drop even if Treasuries are flat.
How much do weaker profiles add?
Working up from a strong profile: a 680 FICO adds roughly 0.50% to 0.75%. An 80% LTV adds 0.25% to 0.50%. Sub-1.0 DSCR adds 1.0% or more. Short-term rental and foreign national programs carry their own premiums. Waiving the prepayment penalty typically costs 0.25% to 0.75%. These stack, which is why two investors can get quotes a full two points apart in the same week.
How often is this page updated?
We aim for a weekly update every Monday. Some weeks a lender may not publish updated rates in time, in which case we carry forward their last known rate and note it. The date on each data point is the Sunday of the measurement week.
Can I use these rates for underwriting a deal?
Do not underwrite to the floor on this page. It is a marketing number and will make any deal look better than it is. Our calculators deliberately default to 7.0%, an estimate for a standard deal, rather than to the floor. Use this page to read the direction of the market, and use a written quote to underwrite.