DSCR expert lenders , 2 lease contracts in a SFH ?

[Rosie Small]

I'm buying a 2000 sqf SFH, corner lot with 2 entrances , 3 bed 3 bath, I was planning to make a 4th bedroom, and add a second kitchen and rent the 2 unites, my insurance will cover both tenants and the property even is used as a multi family even if it is a SFH. I'm planning to cash out refinance in 3 months with a DSCR LOAN. WOULD THE LENDER TAKE BOTH RENTAL AGREEMENTS in order to cover the debt service?

[Robin Simon]

Quote from @David M.:

@Rosie Small

Just remember that DSCR loans, as with many other, are NOT conforming loans. So, there is no one set of rules. Keep calling around / look for referrals for more DSCR lenders. There are a variety of terms and conditions out there... Good luck.

Yeah...No. DSCR lenders are not "conforming" but they need to be eligible for non-QM securitizations and this is an underwriting requirement that is necessary for such securitization