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Updated 4 days ago on . Most recent reply

Jose Alonsoo's profile image
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Jose Alonsoo
  • Investor
  • from Ogden Utah
  • Member since May 18, 2015
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Jose Alonsoo's profile image
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Jose Alonsoo
  • Investor
  • from Ogden Utah
  • Member since May 18, 2015
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Jose Alonsoo
  • Investor
  • Ogden Utah
5
Votes |
12
Posts
Buying & Selling Real Estate

Dscr Loan Question

Jose Alonsoo
  • Investor
  • Ogden Utah
Posted

Good evening real state family. Blessin to all of you.

I have a property that i am trying to negotiate using a DSCR loan. My question is how do i get the loan approval before i negotiate the property if they ask me for proof of funds. I will have nothing to show any advice will be greatly appreciated. How do i get the DSCR pre approve to show the seller?

Thank you

Ogden, Utah
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Aryia Bala
  • from 15 Harbor Park Dr Port Washington, NY 11050
  • Member since Oct 26, 2023
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Aryia Bala
  • from 15 Harbor Park Dr Port Washington, NY 11050
  • Member since Oct 26, 2023
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Aryia Bala
  • 15 Harbor Park Dr Port Washington, NY 11050
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Aryia Bala
  • 15 Harbor Park Dr Port Washington, NY 11050
Replied

There are different documents that you could get from your Lender to present: Proof of Funds, Term Sheet, Pre-approval. Ask your broker/agent what they are looking for and reach out to your lender. We generally provide POF

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