Visio lending rental loan might get reported on personal credit f

[Smrithi Shashidhara]

Hi We were about to lock in a loan with visio lending for a short term rental(airbnb) investment property and the loan agent mentioned. The intent to go with them was to make sure we this deal doesn't affect our personal buying power.

but the agent said that they might sell this loan later and the new provider can choose to report it on our personal credit profile. 

has anyone run into this? Is this common? If it shows up on personal credit doesn't it defeat the whole purpose of this loan product?

do you have a recommendation on a different asset based lender who can do loans on STR income?

we have a quote from kiavi (lending home)? Are they good to be considered? 

We are already under contract and any help is highly appreciated 🙏

[Nick Sanders]

I have used Visio at least 4 times on different property types, the loans were sold about a year in however it has never shown up on my personal credit in the 3+ years of using them. Note: my transactions are under my LLC EIN and not my personal SSN but they do pull your personal credit in the initial credit check.

Are you financing in your personal name or a business name if it is your personal that could be the reason it would show up if/when transferred to a new Mortgage Servicer