DSCR Loan to house hack? Will lenders be willing to do it?

[Alex Baur]

Hi there, I am new to real estate investing and am looking to purchase my first home. I recently graduated from college, and thus I do not have anywhere near 2 years of income history. However, my girlfriend of five years and myself both currently have stable incomes and are looking to move in together. Would it be possible to get a DSCR loan if I use my girlfriend as a lessee, then split the payment down the middle between us? I am aware that DSCR mortgages are generally reserved for rental properties rather than owner-occupied, but would a lender be willing to make an exception given my situation?

Thanks!

[Robin Simon]

Quote from @Alex Baur:

Hi there, I am new to real estate investing and am looking to purchase my first home. I recently graduated from college, and thus I do not have anywhere near 2 years of income history. However, my girlfriend of five years and myself both currently have stable incomes and are looking to move in together. Would it be possible to get a DSCR loan if I use my girlfriend as a lessee, then split the payment down the middle between us? I am aware that DSCR mortgages are generally reserved for rental properties rather than owner-occupied, but would a lender be willing to make an exception given my situation?

Thanks!

No - this would be mortgage fraud. DSCR Loans are strictly business purpose only and you need to sign a legal document attesting that you don't live in the property or plan to live in it.