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Updated almost 1 year ago on . Most recent reply

Irfan Saeed's profile image
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Irfan Saeed
  • from Bedford, Texas
  • Member since Mar 3, 2015
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Irfan Saeed's profile image
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Irfan Saeed
  • from Bedford, Texas
  • Member since Mar 3, 2015
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Irfan Saeed
  • Bedford, TX
6
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40
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Private Lending & Conventional Mortgage Advice

What kind of a loan i can qualify

Irfan Saeed
  • Bedford, TX
Posted

I have fully paid investment property which i am finishing to rehab. i am planning to either airbnb or long term rental on this house. i am looking for cash out refinance options on this house without my personal income verification. Please suggest what kind of a loan i am eligible for. Thanks

Dallas, Texas
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Jacob Sherman's profile image
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Jacob Sherman
  • from 12 Penns Trail Suite 138 Newtown, PA 18940
  • Member since Nov 26, 2023
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Jacob Sherman
  • from 12 Penns Trail Suite 138 Newtown, PA 18940
  • Member since Nov 26, 2023
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Jacob Sherman
  • 12 Penns Trail Suite 138 Newtown, PA 18940
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Jacob Sherman
  • 12 Penns Trail Suite 138 Newtown, PA 18940
Replied

Hey Irfan ! Yes you'd be able to utilize the DSCR loan (debt service coverage ratio) upto 80% cashout of the homes value . This product is no income no doc and underwritten purely on the rent schedule of the property . What is the scenario looking like ?

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