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All Forum Posts by: Devin Peterson

Devin Peterson has started 67 posts and replied 1537 times.

Post: Are there lenders that will work with a 644 fico

Devin Peterson
Posted
  • Lender
  • Posts 1,646
  • Votes 560
Quote from @Johnny Scott:

The lenders that I have come across have all asked that my fico be at a 680 or above to start doing business with them. I was trying find out if anyone knew a Lindethat was willing to work with a 640 score 644


What is the purpose of you deal? Primary, investment? A good primary broker should have program that goes down to 580

Post: Lender in Dallas Texas

Devin Peterson
Posted
  • Lender
  • Posts 1,646
  • Votes 560
Quote from @Alon A.:

Hey guys 

I’m looking for Lender in Dallas Texas 

DSCR and Conventional loans


Most DSCR lenders that you can find the best deals from don't necessarily have to be located in state. I'll send you a pm

Post: Refinancing a house in an LLC

Devin Peterson
Posted
  • Lender
  • Posts 1,646
  • Votes 560
Quote from @Dorota Matys:

How doable is it to refinance a house that was originally purchased under a personal name and is now under an LLC. Who to talk to in CT?

CT Born and raised. We serve the whole state. Definitely easy would love to connect and show you how.

Post: Reputable DSCR Lenders

Devin Peterson
Posted
  • Lender
  • Posts 1,646
  • Votes 560
Quote from @Matthew Wright:

Anyone know of any good DSCR Lenders out there? Servicing Maine.


Hi Matthew, our brokerage is in Boston licensed all across New England. We do a lot of DSCR in the Portland Area and beyond. Would love to connect

Post: Looking for Recommendations / Advice on Mortgage Brokers - First Time Investor

Devin Peterson
Posted
  • Lender
  • Posts 1,646
  • Votes 560
Quote from @Brett D.:

Hi, Im a first time RE investor. I have been reading and doing a lot of research. I have some target markets, but nothing solid. I am starting my journey, and one thing I would really like to figure out is how much can I borrow so I can narrow down my search. There are properties that seem to pencil out, but I just dont know if I can afford it. I know there are different investment strategies - BRRR, STR, LTR, Fix/Flip, etc. Let me know if I need to narrow any of this down (target market/Investment strategy) before going to get Pre-Qualified. And if anyone knows of any suggested RE Brokers / Banks in the NYC tri-state area it would be very helpful.

 Would love to chat with you about lending options and connect you with some great products. Feel free to PM me!

Post: Wife doesn't want personal risk cash out refi - what other options?

Devin Peterson
Posted
  • Lender
  • Posts 1,646
  • Votes 560

@Chris Orza It sounds like you would benefit from a DSCR cashout. Especially if you are working with a business and LLC. There is no personal risk associated with the individual. The loans are purely asset based. Would love to connect and help you out with this!

Post: Searching Ohio for multifamily deal and commercial financing

Devin Peterson
Posted
  • Lender
  • Posts 1,646
  • Votes 560

I have a few contacts in the area that may be able to help with off market deals. Also, not located in Ohio - but extremely familiar with the market and lend there all the time. Would love to help out.

Post: DSCR lenders around Chicago

Devin Peterson
Posted
  • Lender
  • Posts 1,646
  • Votes 560
Quote from @Pedro Navarrete:

Hey everyone, just wondering if you guys can point me in the right direction in finding a lender that provides DSCR loans in the Chicago area?


Pedro, I work with a handful of investors in the chicago area. Would love to to connect 

Post: Need a lender for vacation rental!

Devin Peterson
Posted
  • Lender
  • Posts 1,646
  • Votes 560
Quote from @Ethan Auciello:
Quote from @Heidi McBroom:

Currently have several properties...mostly long-term rentals and one vacation rental. About to make an offer on a second vacation rental property in Arizona. Property is currently a vacation rental, moderately utilized (performance not maximized) but I have the last year of payouts from AirBNB. Looking for a DSCR lender or other....


 are all the properties in arizona?

Heidi, would love to connect - I specialize in the DSCR for investors. Please feel free to PM me and we could discuss programs and options!

Post: Seeking a Good, Investor Focused Mortgage Broker in Kansas City, MO

Devin Peterson
Posted
  • Lender
  • Posts 1,646
  • Votes 560
Quote from @Bryan Moynihan:

Hi - Seeking a high quality, investor focused mortgage broker that operates in the Kansas City, MO area!  Referrals and direct reach outs welcome.  

Thanks! 


 Bryan, I would love to connect with you on this. This is an absolute sweet sport for our team.