Updated over 4 years ago on . Most recent reply
Are nonQM loans possible on STR
We are rehabbing a property we paid cash for. We should be done in six months and want to use it as a short term rental. Is it possible to get a non-QM loan without rental history or would we have to refinance the traditional way? I read that lenders don't like STR‘s and want to see at least 12 months rental history but maybe the trajectory of that is changing?