Disclaimer: Rate data is updated weekly. Last updated: April 14, 2026. Rates change daily — always contact lenders directly for a current quote. DSCRFinder.com does not guarantee rate accuracy from third-party lenders.
DSCR Loan Rates in New York — April 2026
New York is one of the most complex DSCR loan markets in the US. NYC's extreme prices and tenant-friendly laws create challenges for traditional DSCR qualification, but Upstate New York markets — Buffalo, Rochester, Syracuse — offer some of the highest cash-on-cash yields in the country.
As of April 14, 2026, the national 30-year fixed rate for primary residences is 6.40% (Bankrate). DSCR loans in New York typically run 7.15% to 8.75%, with some NYC deals requiring sub-1.0 DSCR products.
April 2026 New York DSCR Rate Table
| Borrower Profile | DSCR | FICO | Down Payment | Rate Range | |---|---|---|---|---| | Best-qualified | 1.25+ | 740+ | 30%+ | 7.15% – 7.50% | | Strong | 1.25+ | 720–739 | 25% | 7.50% – 7.75% | | Standard | 1.0–1.24 | 680–719 | 20–25% | 7.75% – 8.25% | | Moderate | 0.75–0.99 | 660–679 | 20% | 8.25% – 8.50% | | Challenging | Below 0.75 | Below 660 | 20% | 8.50% – 8.75%+ |
New York DSCR Market by City
New York City
NYC has some of the strictest rent control and tenant protection laws in the US (Rent Stabilization, HSTPA 2019). Most NYC residential properties are subject to rent stabilization, severely limiting rent increases. DSCR ratios for stabilized units are often below 0.75. Free-market units (newer construction, deregulated) can achieve 0.85–1.10 DSCR. NYC is primarily a market for experienced investors with strong capital positions.
Long Island (Nassau & Suffolk Counties)
Long Island offers higher rents than Upstate NY and less restrictive tenant laws than NYC. DSCR ratios of 0.90–1.10 are typical. Property taxes are among the highest in the state — factor carefully into PITIA.
Buffalo
Buffalo offers extraordinary rent-to-value ratios. With median home prices of $150,000–$220,000 and rents of $900–$1,400/month, DSCR ratios of 1.20–1.60 are routinely achievable. Buffalo is one of the top cash flow markets in the entire Northeast.
Rochester
Similar to Buffalo — high DSCR ratios, affordable prices, University of Rochester and RIT drive student rental demand. DSCR ratios of 1.15–1.50 are common.
New York Market Fundamentals
| Market | Median Price (SFR) | Typical Monthly Rent | Est. DSCR | |---|---|---|---| | NYC (free-market) | $700,000 – $1,500,000+ | $3,500 – $6,000+ | 0.85 – 1.10 | | Long Island | $520,000 – $700,000 | $2,800 – $3,800 | 0.90 – 1.10 | | Buffalo | $150,000 – $220,000 | $900 – $1,400 | 1.20 – 1.60 | | Rochester | $160,000 – $240,000 | $1,000 – $1,500 | 1.15 – 1.50 |
New York Landlord-Tenant Law: Proceed with Caution in NYC
- NYC Rent Stabilization — covers ~1M units; limits annual rent increases to 1–3%
- HSTPA (2019) — eliminated high-rent deregulation, making it nearly impossible to exit stabilization
- Good cause eviction — NYC has very tenant-protective eviction laws; process can take 6–12 months
- Upstate NY — much more landlord-friendly; eviction process typically 4–8 weeks
- Property taxes — highly variable; NYC uses complex assessment system; Upstate varies by county
How to Get the Best DSCR Rate in New York
- Buffalo and Rochester offer the best DSCR fundamentals in the state by a wide margin
- Avoid NYC rent-stabilized properties unless you have deep experience with NYC real estate regulations
- For NYC free-market properties, find lenders comfortable with NY tenant law risk
- Upstate NY property taxes vary significantly by municipality — always verify before underwriting
Related: Current DSCR Rates April 2026 | DSCR Rates by State | DSCR Calculator | Compare Lenders
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