Best financing options for crazy income situation & down payment requirements

[Emily Simmons]

So I have 1099 income, business income, and unearned income from two different sources. It doesn't add up to a ton, but it's livable. My credit is over 750, and I've owned my home for close to 20 years, and have a good bit of equity in it. I can't get a conventional loan because of the crazy income situation, so would I need a DSCR loan? And how much would a lender want to see for cash on hand? Is a home equity loan ever a good idea? I ran the numbers last month, and it seems like it would eat into my gross a good bit. I'm looking to buy STRs, fwiw.

Any other advice is welcome!