What is the role of appraisals in DSCR lending? in Michigan

Appraisals play a vital role in DSCR lending by determining the property's market value and potential income generation. Lenders use appraisals to assess the loan-to-value ratio and ensure the property's income supports the loan amount.

DSCR Loans in Michigan

Population

10,050,811

Avg Days on Market

40 days

Market Highlight

Affordable Midwest housing and lakefront properties

Annual Appreciation

4%

Avg Property Tax

$1,800/yr