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Updated over 2 years ago on . Most recent reply

User Stats

21
Posts
9
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Christian Dozier
  • Real Estate Broker
  • champaign IL
9
Votes |
21
Posts

cashout refi options?

Christian Dozier
  • Real Estate Broker
  • champaign IL
Posted

I'm looking to cash out refi non-owner occupied SFH BRRR in ILLINOIS. I believe the appraised value will be approx $75k-$90k. Does anyone have a lender recommendation who will do DSCR or non-QM cash out refi's for loan amounts in the $50k-$75k range? thank you!

Most Popular Reply

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3,928
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Erik Estrada
#1 Mortgage Brokers & Lenders Contributor
  • Lender
1,212
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3,928
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Erik Estrada
#1 Mortgage Brokers & Lenders Contributor
  • Lender
Replied

Hey Christian, 

Most DSCR lenders have a minimum loan amount of $75,000. That means your property will have to appraise over $100,000 to obtain this type of financing.

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