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Updated 4 months ago on . Most recent reply

Salvatore Spano's profile image
Salvatore Spano's profile image
Salvatore Spano
  • Investor
  • from France
  • Member since Aug 15, 2020
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Salvatore Spano's profile image
Salvatore Spano's profile image
Salvatore Spano
  • Investor
  • from France
  • Member since Aug 15, 2020
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Salvatore Spano
  • Investor
  • France
12
Votes |
24
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Foreign investor looking for DSCR loan 70%LTV

Salvatore Spano
  • Investor
  • France
Posted

I am a foreign investor, living in France. I own 1 SFR in Ohio and would like to increase my investment.

I am looking for a lender that is able to offer a DSCR loan up to 70%LTV, so far the best proposition has been 65%. The property I intend to purchase is below $90k.

I would be grateful for any useful suggestion. Thanks in advance for your input.

Detroit, Michigan
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Daniel Baccarini II's profile image
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Daniel Baccarini II
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  • Member since Feb 2, 2022
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Daniel Baccarini II
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  • Member since Feb 2, 2022
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Daniel Baccarini II
  • Lender
8
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30
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Daniel Baccarini II
  • Lender
Replied

Hi Salvatore, 

Based on my experience, there are lenders that can go up to 70% LTV but the purchase price is going to be too low to meet their minimum loan amounts.

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