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Updated over 3 years ago,

User Stats

8
Posts
6
Votes
Wanda Alderfer
  • Investor
  • Telford, PA
6
Votes |
8
Posts

Are nonQM loans possible on STR

Wanda Alderfer
  • Investor
  • Telford, PA
Posted

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?

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