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Updated over 1 year ago on . Most recent reply
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Can first time investor/buyer get DSCR loan
Hello,
I am looking at purchasing my first rental property in the Cleveland area. I currently live in San Diego and can’t go conventional route until I get a W2.
Can I get a DSCR loan if I have never owned a home in the past? I am speaking to a lender who is adamant that this can't be done but I also see some lenders will allow it. Before I go down this rabbit hole, I was hoping someone could offer some advice.
Thanks
Most Popular Reply
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I know lenders that will do 20% down for a first time investor for a DSCR loan. Some require home ownership, others don't.
- Stacy Raskin
- [email protected]
- 818-770-0340
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Bright Skyline
13 Reviews
5.0 stars