There Is No Single DSCR Cash-Out Refinance Rate
A DSCR cash-out refinance rate is not set by one published number. Wholesale pricing moves with the market and then adjusts based on the file. The biggest variables are usually credit score, loan-to-value ratio, DSCR, loan size, property type, and the prepayment structure you choose. That is why two investors refinancing similar rental properties can receive different rates on the same day.
The practical rule:
Lower LTV, stronger FICO, stronger DSCR, and a more standard property generally produce better pricing. Higher leverage, weaker credit, sub-1.0 DSCR, or unusual property features usually increase the rate or reduce available options.
The Six Factors That Move DSCR Cash-Out Rates Most
1. FICO. Better credit generally improves the rate and may also unlock higher LTV tiers. Get Brick Capital has standard options beginning around 660 FICO and a reduced-LTV program that can go lower, but pricing changes materially as credit weakens.
2. LTV. A 60% LTV cash-out refinance is lower risk than an 80% LTV refinance, so it normally prices better. If rate matters more than maximum proceeds, reducing leverage can be one of the strongest ways to improve pricing.
3. DSCR. A property with a 1.30 DSCR gives a capital partner more payment cushion than a property at 0.80. Sub-1.0 DSCR can still be possible through expanded programs, but it is a more specialized structure.
4. Loan size. Very small loans can carry worse pricing because fixed origination and servicing costs are spread over a smaller balance. Get Brick Capital works with loans as small as $50,000, but the rate on a small-balance file may differ from a larger loan with otherwise similar metrics.
5. Property type and use. A standard long-term rental is usually easier to price than a more specialized property. Short-term rentals, mixed-use scenarios, rural properties, and unique collateral may receive different adjustments.
6. Prepayment structure. Shorter or more flexible prepayment terms can come with a pricing cost. If two quotes have different PPP structures, comparing only the note rate can be misleading.
Why the Lowest Advertised Rate Is Often Not the Best Quote
A low headline rate can be paired with discount points, lender-paid compensation, a longer prepayment penalty, or lower allowable cash-out. The useful comparison is the whole structure: note rate, points, origination, capital-partner fee, third-party closing costs, PPP, LTV, and actual cash received at closing. Get Brick Capital normally quotes at par and charges a 1.5% origination fee with a $2,000 minimum, so the compensation is visible instead of hidden inside the rate.
How to Improve Your Cash-Out Pricing Before You Apply
- Use a lower LTV if you do not need the maximum cash-out amount.
- Pay down revolving balances before the credit pull if utilization is hurting your score.
- Document the strongest supportable rent, including a lease where appropriate or reliable market rent evidence.
- Choose the PPP structure based on how long you realistically expect to hold the loan.
- Compare quotes on the same day when possible because market pricing can move quickly.
Get the Rate for Your Actual Property
Send the address, value, rent, current balance, and FICO range. We will match the scenario to current wholesale options.
Submit Deal Summary →What Information Is Needed for a Real Quote?
To price a DSCR cash-out refinance, the most useful starting information is:
- Property address and property type
- Estimated current value or completed-renovation ARV
- Current mortgage or hard money payoff
- Monthly rent or projected market rent
- Approximate FICO range
- Requested cash-out amount or target LTV
- Whether a renovation was completed and when
That is enough to identify the right program family before a full application or credit pull.