Updated about 2 years ago on . Most recent reply
lowest DSCR down payment options
Hello again bigger pockets. I've currently found myself with a few options as far as properties to invest my 1031 exchange money with. I'm wondering if there are any 10% down DSCR loans available today as some of these deals have great cash flow potentional, but I don't have enough to put 20% down. Is 10% out there and exist? If so, please point me in the right direction! Thank you.
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#4 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Tampa, FL
I know of no 10% Down DSCR loans. The lowest we have are at 15% down, but getting a property to cash flow with interest, tax, and insurance rates as high as they are is tough right now. It's also more expensive the less you put down. Most savvy investors are putting 25% or more down to get the properties to cash flow positively right now, but to answer your question. No, I know of no legit institutional DSCR lenders with only 10% down.