House Hack Financing...DSCR?

[Dominic Guerra]

Hey BP Family! 

I am starting to analyze deals for my first house hack here in Houston Texas. I have a 780+ credit score, absolutely no debt, and I just graduated college into a real estate investing job where I am only paid commissions. SO, I do not meet the work/income history requirements for an FHA or Conventional loan (to my knowledge). I refuse to wait two years to build income history to purchase my first house hack and have narrowed my options to: Seller financing, partnering, or using a Non-QM loan. The best Non-QM loan I have found for my scenario is the DSCR loan. I am confused about the down payment as I want to buy the property with little/no money down. If the lender does max of 80% LTV and I purchase a 2-4 unit at a 20%+ discount from its market value does that mean I would have no down payment?

Most importantly does anyone know who to talk to in Houston or nationally for DSCR loans? Do I have any better options, or ways to make a conventional loan work without showing work/income history? I could really use some help....

Thanks :)