what qualifies you for a commercial loan?

[John Currey]

I recently talked with a mortgage broker and me and my wife didn't qualify for a loan on  an investment property. I'm honestly surprised, right now our only debt payment is a 857 mortgage, no car payment no student loans no credit card debt, and good credit 740's. she doesn't make just a lot (41k a year) but with the 857 mortage payment, her debt to income shouldn't be much over 25%. Would we not qualify for a 55k loan? 

[Andrew Zamboroski]

Quote from @John Currey:

I recently talked with a mortgage broker and me and my wife didn't qualify for a loan on  an investment property. I'm honestly surprised, right now our only debt payment is a 857 mortgage, no car payment no student loans no credit card debt, and good credit 740's. she doesn't make just a lot (41k a year) but with the 857 mortage payment, her debt to income shouldn't be much over 25%. Would we not qualify for a 55k loan? 

Did they give any additional details? Sometimes it’s hard to get a lower loan to qualify in general. As others have said, DSCR is an option. We go down to a 75k value/purchase price for example and some of the same tests that a loan this size may fail for a standard mortgage would not be an issue.