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All Forum Posts by: Jerry Tilley

Jerry Tilley has started 2 posts and replied 6 times.

Post: Are there other loan products out there that are asset based besides DSCR?

Jerry Tilley
Pro Member
Posted
  • Posts 6
  • Votes 5

Thanks for all the responses!!

Post: Are there other loan products out there that are asset based besides DSCR?

Jerry Tilley
Pro Member
Posted
  • Posts 6
  • Votes 5

The pre qual letter looked like this:

PP:225,000

LTV:80%

Loan Type: DSCR 30 yr fixed 7.12 interest 0 points

FICO:815

Post: Looking to connect with wholesalers and investor friendly agents

Jerry Tilley
Pro Member
Posted
  • Posts 6
  • Votes 5

OOS investor looking for hot leads to flip, brrrr or light rehab on discounted property for buy and hold LTR. THANKS!!!

Post: Is there a need for smaller PML. 25k and under

Jerry Tilley
Pro Member
Posted
  • Posts 6
  • Votes 5

Of course! Fix and flips and brrrr would be a good candidate for that.

Post: Are there other loan products out there that are asset based besides DSCR?

Jerry Tilley
Pro Member
Posted
  • Posts 6
  • Votes 5

forgot to add i want a 25-30 year fixed rate

Post: Are there other loan products out there that are asset based besides DSCR?

Jerry Tilley
Pro Member
Posted
  • Posts 6
  • Votes 5

I'm looking at purchasing a rental in North Carolina, I have Excellent credit (800+) and money for the down payment.. BUT!!! Im self employed and my debt to income doesn't look good on paper. I got pre approved for DSCR From 2 different lenders but they're both mid 7's in interest. Does anyone know of a lender that is asset based that can get in the 6.9 range? Thanks for your help!