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Updated about 1 year ago on . Most recent reply
Dscr , hard money lenders info
Hey bigger pockets family quick question which fico do dscr lenders use thanks in advance guys for the info
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Robin Simon
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
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#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
Quote from @Zachary Vanison:
Hey bigger pockets family quick question which fico do dscr lenders use thanks in advance guys for the info
DSCR Lenders will use the median (middle of the three numbers from the 3 main credit bureaus) - however one nuance is that for DSCR you can typically borrow as an LLC or partnership (entity) with multiple people on the loan - it will vary whose credit score (i.e. if there are 50/50 partners) a lender will use - can depend on the specific DSCR Lender