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Updated over 2 years ago,
Seeking advice on financing a rental
I want to get a loan similar to a 203k or FannieMae Homestyle loan where the purchase price and rehab are rolled into one long term loan and you just put a down payment on the single amount. A lender that will care more about the cash flow of the property and my credit score, not my DTI. This will be for a single family rental property with an ADU. Anybody know of or offer loans that may fit this criteria? I want to put 15-20% on the property.