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Updated over 3 years ago on . Most recent reply

Qualifying for a STR mortgage
Burning question... Is the rental income considered when qualifying for a vacation property loan?
I am looking to invest in one or more STRs. I have considerable savings, but my self-employment income is less than desirable. I have other means (a partner, good credit), but would really like to get at least one on my own.
I have a consult with a lender next month, in addition to STR boot camp, but I'm impatient.
Most Popular Reply

Brenna Carles with The Mortgage Shop. I think they're registered in most states. I haven't done a DSCR loan with them yet, but it's 15% down Brenna has done a ton of STR loans for Avery Carl/ Shower term Shop.
Originally posted by @Kerry Baird:
@Gerald Pitts, do you have a DSCR lender you love? I have used a couple...and actually want one to close. :D