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Updated over 1 year ago on . Most recent reply

User Stats

10
Posts
8
Votes
Anthony Spencer
  • Rental Property Investor
  • Carnation, WA
8
Votes |
10
Posts

15% Down DSCR Loan Specifically for STR

Anthony Spencer
  • Rental Property Investor
  • Carnation, WA
Posted

Can anyone recommend or underwrite a 15% down DSCR loan based off short term rental income? I'm looking for a 30 yr Am, and someone that can close fast enough to be competitive in a hot market. No prepayment penalty would be a huge bonus as well. Still narrowing down a market, but TN, NC, GA, TX.

I've got access to a 20% down dscr, but looking to increase my buying power to 800K-1M purchase price. 

Most Popular Reply

User Stats

47
Posts
45
Votes
Jay S.
  • Lender
  • San Francisco Bay Area
45
Votes |
47
Posts
Jay S.
  • Lender
  • San Francisco Bay Area
Replied

Hi Anthony, will DM you and give details. We have few lenders which can make exception and provide 15% down on DSCR loan.

  • Jay S.
  • [email protected]
  • 408-832-8200
  • Loading replies...