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Updated over 2 years ago on . Most recent reply
DSCR LOAN and 100% financing?
I'm looking at a 6 flex in Kansas City. It looks like a ratio of 1.46. I wonder if at 1.46 with zero down is that even possible to 100% finance? I would rather fully fund it and have the reserves of income in order to add to my portfolio. If I sell a home I could put up to 30% down however, I'd rather not tie those funds up and would rather have the reserves.
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Robin Simon
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
DSCR lenders have been pulling back on the 5-8 product, but absolute max on LTV will be 75% (25% down)