Disclaimer: Rate data on this page is updated weekly. Last updated: September 21, 2026. Rates change daily based on market conditions — always contact lenders directly for a current quote on your specific deal. DSCRFinder.com does not guarantee the accuracy of rate information provided by third-party lenders.
Current DSCR Loan Rates — September 2026
DSCR loan rates in September 2026 typically run 6.50% to 8.25% for most investor profiles. As of the week of September 17, the national 30-year fixed rate for primary residences is 6.95% (Freddie Mac PMMS), and DSCR loans price above that baseline for comparable borrowers, because they are non-QM products on investment property.
One thing worth understanding before you read any rate table, ours included: the advertised "starting rates" lenders publish — currently as low as 5.875%, and that one is a promotional campaign rate — sit below the PMMS figure, and that is not a contradiction. PMMS is an average of what ordinary borrowers actually get on a primary residence. A lender's starting rate is its best-case number for a top-credit borrower making a large down payment and paying points up front. The two are not comparable, and a starting rate is not what you should expect to be quoted.
September 2026 Rate Table by Borrower Profile
| Borrower Profile | DSCR | FICO | Down Payment | Rate Range | |---|---|---|---|---| | Best-qualified | 1.25+ | 740+ | 30%+ | 6.375% – 6.875% | | Strong | 1.25+ | 720–739 | 25% | 6.75% – 7.125% | | Standard | 1.0–1.24 | 680–719 | 20–25% | 7.00% – 7.50% | | Moderate | 0.75–0.99 | 660–679 | 20% | 7.50% – 8.00% | | Challenging | Below 0.75 | Below 660 | 20% | 8.00% – 8.75%+ |
Rates shown are for 30-year fixed DSCR loans on single-family investment properties. ARMs and interest-only products will differ. Benchmark source: Freddie Mac PMMS (6.95%, week of 17 September 2026); the tier ranges are DSCRFinder estimates, not Freddie Mac data.
Best DSCR Lenders — September 2026
Only three of the eight lenders on our comparison page publish a starting rate at all. Here they are, verified on each lender's own program page on September 21, 2026:
| Lender | Starting Rate | Min DSCR | Min FICO | Best For | |---|---|---|---|---| | Kiavi | 5.875% (promotional) | 0.80 | 660 | BRRRR strategy investors | | New Silver | 6.00% | 0.75 | 660 | Properties with thin margins | | Griffin Funding | 6.375% (30-yr fixed) | No min — no-ratio available | 620 | Luxury & large properties |
The other five — Beeline, Visio, Angel Oak, theLender and Axos Bank — publish no starting rate. We link to their program pages rather than print a number we can't source. If you see a specific rate quoted for those lenders anywhere, ask where it came from.
Note on Kiavi: Figure completed its acquisition of Kiavi on 1 September 2026, and Kiavi's page now states that all DSCR and rental loans are originated and funded by Figure Lending LLC dba Figure. The brand and application are unchanged. Published starting rates are best-case pricing for top-tier borrowers who buy points. They are not averages, and most investors will be quoted meaningfully higher. Compare APR, not just the stated rate.
What's Moving DSCR Rates in September 2026
10-Year Treasury Yield
DSCR rates track closely with the 10-year US Treasury yield. The 10-year has climbed sharply through September, topping 5.00% — its highest level since 2007 — on concerns about the Fed's ability to bring inflation down and on persistently elevated oil prices. A strong August jobs report (about 162,000 jobs added against a consensus near 53,000) removed any near-term case for easing. This is the single biggest driver behind the move up in DSCR pricing this month.
Federal Reserve Policy
At its September 15–16 meeting, the Fed raised the federal funds target range by 25 basis points to 3.75%–4.00%, a unanimous 12–0 vote, stating that "inflation remains elevated" and that the move supports a timelier return to the 2% goal. The updated dot plot points to 4.00%–4.25% by the end of 2026, leaving the door open to one more increase this year. DSCR lenders have repriced accordingly, and borrowers should plan around rates holding at these levels or drifting higher rather than easing.
Non-QM Market Competition
Increased competition among non-QM lenders in 2026 has put modest downward pressure on DSCR loan spreads (the premium over Treasuries). This is partially offsetting the Treasury yield impact and keeping DSCR rates from rising further.
DSCR Rates by Property Type — September 2026
| Property Type | Rate Adjustment vs. SFR | |---|---| | Single-family (SFR) | Base rate | | 2–4 unit multifamily | +0.125% to +0.25% | | Condominium | +0.125% to +0.375% | | Short-term rental (Airbnb/VRBO) | +0.25% to +0.50% | | 5+ unit commercial | Quote-based, typically higher |
DSCR Rates by Loan Type — September 2026
| Loan Product | Typical Rate Range | Best For | |---|---|---| | 30-year fixed | 6.50% – 8.25% | Buy-and-hold investors | | 5/1 ARM | 6.00% – 7.75% | 3–7 year hold periods | | 7/1 ARM | 6.25% – 8.00% | Medium-term holds | | Interest-only (fixed) | 6.75% – 8.50% | Cash flow maximization | | 40-year amortization | 6.75% – 8.75% | Lower monthly payments |
How to Lock the Best DSCR Rate This Month
1. Check your DSCR before applying Use our DSCR calculator to know your ratio before reaching out to lenders. Investors who know their DSCR negotiate better.
2. Get quotes from at least 3 lenders DSCR rates vary widely between lenders on identical deals. A 0.375% rate difference on a $350,000 loan is $100+/month. Use our lender comparison to identify the best-fit lenders for your profile.
3. Compare APR, not just the interest rate APR incorporates origination fees, points, and other costs. A 7.00% rate with 1.5 points may cost more than a 7.25% rate with 0 points — the APR comparison reveals the true cost.
4. Accept a prepayment penalty for buy-and-hold deals If you plan to hold for 5+ years, a 3–5 year step-down prepayment penalty can reduce your rate by 0.50%–1.00%. For long-term investors, the rate savings almost always outweigh the restriction.
5. Improve your DSCR by choosing higher-rent properties The DSCR ratio depends on the property, not just you. Selecting properties with stronger rent-to-value ratios directly improves your rate tier.
September 2026 Rate Outlook
September has been a rising-rate month, not a stable one: the Freddie Mac 30-year benchmark has posted four consecutive weekly increases, including the largest one-week move in roughly sixteen months, and DSCR pricing has followed. Key factors to watch:
- Inflation prints: core CPI came in at 2.4% year over year in August, headline inflation held at 3.4%, lifted by a 3.9% monthly jump in gasoline that accounted for over a third of the month's increase — and it is the headline number that is driving the Fed's language and the long end of the curve
- Upcoming FOMC meetings: the dot plot points to 4.00%–4.25% by year-end, so the next meeting is a live risk of another increase rather than a cut
- Non-QM securitization market: continued demand for DSCR loan securities is keeping lender spreads competitive, which is partially cushioning the Treasury move
If you're actively looking for a DSCR loan, the practical read is that waiting has cost money four weeks running. Lock windows are worth more than usual in this environment, and any quote you receive should be treated as perishable — confirm it the day you act on it.
Frequently Asked Questions
What is the average DSCR loan rate in September 2026? For a standard borrower profile (680–720 FICO, 1.0–1.25 DSCR, 20–25% down), expect rates in the 7.00%–7.50% range for a 30-year fixed loan in September 2026.
Are DSCR rates higher than conventional investment property rates? Yes. DSCR rates typically run 0.5%–1.25% above conventional investment property mortgage rates. The premium reflects the non-QM nature of DSCR loans and their smaller secondary market.
What DSCR ratio gets the best rate? A DSCR of 1.25 or higher typically qualifies for the best rate tier. Ratios between 1.0–1.24 carry a modest premium. Ratios below 1.0 carry significantly higher rates where available.
Can I get a DSCR loan with a 660 credit score in September 2026? Yes — several lenders including Griffin Funding and theLender accept FICO scores as low as 620. However, expect rates 0.50%–0.75% higher than borrowers with 720+ FICO scores.
How long does it take to close a DSCR loan in September 2026? Most DSCR lenders close in 21–30 days. Beeline and New Silver can close in 10–15 days for streamlined deals. Complex properties or borrower profiles take longer.
Related: Best DSCR Lenders 2026 | DSCR Loan Rates Guide | DSCR Loan Requirements | DSCR Calculator
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