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Updated over 2 years ago on . Most recent reply

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Tim Malico
  • New to Real Estate
  • Long Island, NY
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Looking for first house hacking property with a DSCR Loan.

Tim Malico
  • New to Real Estate
  • Long Island, NY
Posted

Also, like to add with little to no money down. Any suggestions?

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Erik Estrada
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Erik Estrada
#1 Mortgage Brokers & Lenders Contributor
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Replied
Quote from @Tim Malico:

Also, like to add with little to no money down. Any suggestions?


Cannot use a DSCR loan to house hack. This is for investment properties only.

You can do an FHA at 3.5% down to house hack a multifamily but there are some guidelines to do it.

You could also buy a single family with a conventional loan, rent out the rooms, and the ADU (if there is one).

You will need some skin in the game to do a house hack. 

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