DSCR Loan... Looking for lender who will accept 20% or lower on DSCR

[Lauren Ruppert]

I'm looking for a DSCR lender who will accept 15-20% down. Credit score in mid 700's. Please do not pull the bait and switch...I'll blow you up on Yelp and BBB. Current portfolio is small (12 doors) looking to add to it without giving up all of my liquidity... no more than 20% down....

If you know of a lender that you've PERSONALLY used, let me know. 

Thanks a bunch!!!!!!

[Jonathan Taylor]

@Lauren Ruppert 15% down isnt a reality in this market for turn key DSCR purchases. Most purchases do not debt cover at 20% down so the market is dictating purchases in the 25% range. The property has to debt cover for rates and terms to be competitive. I have lenders that can do purchases without DSCR being considered but rates are higher.

For experienced borrowers looking to add value, like a fix and flip, 15% down is realistic but loan minimums need to be met and borrower needs at least 6+ flips in the past 36 months.

Hope that helps. Id investigate thoroughly any lender offering less than 20% down at market rents and asking price.