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Updated over 2 years ago,
Lenders that use AIRDNA rental projections for debt to income
Looking to expand our short term rental portfolio and have maxed out how many second home loans we can use with 10% down payments to fund deals. Looking for any input on other lenders that use Airdna short term rental projections to qualify the loan. I've spoken with Visio who seems to be one of the only lenders I've been able to find that does this but they recently changed their down payment requirement from 20% down to 30% down so also looking for any lender with better down payment terms. Currently located in Idaho and have a local credit of Mountain America that does a 10-15% down investment portfolio loan but they only use long term rent projections to help qualify the loan. We've currently been looking to expand into Florida, Tennessee, or South Carolina to diversify a bit as our other rentals we used the BRRRR method for are located in Island Park, Idaho. Any input is appreciated!
Thanks!