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Updated 9 months ago,

User Stats

21
Posts
5
Votes
Erin Murphy
  • Real Estate Agent
  • Bayonne, NJ
5
Votes |
21
Posts

DSCR for first time homebuyer?

Erin Murphy
  • Real Estate Agent
  • Bayonne, NJ
Posted

I've heard a few lenders say they can't help a first time homebuyer with DSCR.

I’m a first time homebuyer looking to purchase a single family rental property in NJ. I’m self-employed, so most likely won’t be approved conventionally. 

Are there any lenders who allow 20% down DSCR for a first time homebuyer?

If not, do I have any other options at 20% down? 

Thank you!

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