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DSCR loan down payment: how much cash to close you really need on a rental, not just the twenty percent down everybody budgets for. Here is the real number before it costs you a deal.
In this episode, Ryan breaks down why twenty percent down was never your real number. Your down payment is one of three buckets. Cash to close is your down payment, plus closing costs, plus the reserves you have to prove in the bank, and first-time investors get caught by the gap right before closing.
He covers what a DSCR down payment actually costs and what sets your tier; the closing costs and reserves most lenders never warn you about; and the levers that move your down payment up or down: your credit score, the property's DSCR ratio, the property type, and the loan size. He walks through why a smaller loan costs a bigger percentage, why six months of PITIA in reserves can make or break your file, and how pushing your credit up one band before you apply is the cheapest money you will ever make.
The episode closes with the four steps to know your true cash to close before you ever write the offer.
The down payment is what everybody plans for. The cash to close is what actually gets the deal done.
