Nevada DSCR Loan Lenders for Long-Term and Short-Term Rentals
Are you seeking long-term private financing for a residential rental property in Nevada? On this page you'll find a list of lenders that offer these DSCR loans for single family homes, condos, and 2-4 unit rental properties in Nevada’s urban areas. Some lenders consider vacation rentals (aka short-term rental or STR). The maximum loan-to-value is 80%. For a purchase, investors need a minimum down payment of 20%, and it could be higher depending on the debt service coverage ratio (DSCR), borrower’s credit score, location and other factors. These loans require a FICO score over 680. The loan terms range from 5 to 30 years.Displaying 0 Results
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$100,000 - $3,000,000
12 to 360 months
$100,000 - $5,000,000
360 to 360 months
1.00% - 3.00%
Nevada DSCR Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Nevada DSCR long-term rental loans in the 1st quarter of 2024 was 7.93%. The average loan amount was $325,693. These stats are the average of 10 loans funded for residential rental properties in Nevada between January 1, 2024 and March 31, 2024 by multiple lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
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