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Updated over 3 years ago on . Most recent reply

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11
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3
Votes
Julie Smith
3
Votes |
11
Posts

Does DSCR Count For Fannie Mae

Julie Smith
Posted

Im working on a 1031 exchange and planning on buying two houses with it.  My issue is that I am currently at 10 house loans with Fannie Mae, but selling this house will drop me down to 9, so I should have room for another golden ticket mortgage spot.

Now I want to buy two houses and tactically it would be advantageous for me to use a DSCR Loan for the first house because its an existing property, and the the second house its a new construction tract home that will only take conventional financing.

Under Fannie/Freddie rules would lender view the DSCR as "Loan Number 10", and I wouldn't be able to get a Fannie Mae conventional mortgage? OR...

Does the DSCR not count at all in the calculation and I can get the conventional loan afterwords.

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