All Forum Posts by: Jeff Chisum

 If it’s a Fannie, Freddie or FHLB loan it is allowed by those agencies

DSCR loans are typically the best option overall in todays environment; lower rate, down payment requirement, closing cost

If you are using the second home occupancy loan you will need a homeowners policy with a STR rider.

I have a ton of advice! STR financing is 100% of my business. Please send a DM to set up a call to talk strategy.

IRS rules get mixed up with second home occupancy loan policy. For the 10% down second home occupancy loan there are no maximum days you have stay in the property. Your intention has to be that you will occupy the property "at some point" during the first year. There is a maximum amount of days you can stay in it and stay within the limits of IRS rules that take it from business use property to personal. Check with a CPA on the specific rules. After one year you are released from the occupancy requirements and could do a long term lease. Top 5 LO in the US for STR financing originating in the US.

That’s me!

Did you get pre approved yet?

Did you get pre approved yet?

I did a podcast episode on this subject. Don't think I'm allowed to leave the link here. Check out STR Home Financing on Apple or Spotify. Episode 52