All Forum Posts by: Jeff Chisum

When a loan is brokered out, it often leads to uncertainty because the originator may not have all the details upfront, especially if the lender's preferences change or they're not familiar with recent updates. A good first question to ask your loan officer is, "Are you brokering my deal?" Personally, I believe it's better to work with a lender who is fully delegated by the investor. For instance, the DSCR loans we originate are not brokered out. We are fully delegated and have worked with the same investor for three years, which provides more stability and confidence in quoting terms, fees, and expectations from the start.

We have seen about a 1% drop in DSCR rates over the past week!

10% down second home occupancy loan

You can have a home owners policy with a STR rider

I will send you a DM

 Is that based on the counsel of an estate attorney?

DSCR is a great option if you have debt to income limitations. 90% of my clients use the 10% down second home for STR's

At that level you would need to put down 20%.  If you find someone offering 15% the rate will be about 1% higher.  Have you tried to qualify for the 10% down second home occupancy loan?  That’s what about 90% of my clients are using.

Go 5% down multi family up to four units.  I lend in all 50 states