Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
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?