You may need to switch lenders or find a good broker to help with the loan so they can get you past this issue.

I have built my boutique broker business around foreclosures and other distressed properties (probate/divorce).

We decided to diversify in a few ways...given as a Broker Owner we only controlled TWO things, our roster and more effectively monetization of ALL our transactions.  

I am a broker in WI and looking to find OOS Investors looking to invest in the Milwaukee, Racine, and Kenosha area. 

Work with a knowledgeable independent agent/broker 

Scenario 1: 5/1 ARMRate: 5.675%Monthly Payment: $5100Prepayment Penalty: 3/2/1Closing Cost: Broker Fees: $11,016 (1.25%)Lender Fees: ~$2,000Loan Fees: $600Plus standard title and other feesScenario 2: 30 year fixedRate: 7.375%Monthly Payment: $6086Prepayment Penalty: 5/4/3/2/1Closing Cost: Broker Fees: $11,016 (1.25%)Lender Fees: ~$2,000Loan Fees: $0Plus standard title and other fees5/1 ARM looks attractive but not sure if that's what other people opt for that for a STR property? 

HELOC & bridge loan thru Truly Investor Capital (if you're interested, let me know and I can broker for you or refer you!)

Additionally if anyone is a broker and can help find the best loan terms for DSCR (or other investment loans) in the Cincinnati Ohio area please let me know!

Look up Lindsey Self Storage brokers.

Spoke with a broker friend and he suggested I leverage my VA rate of 2.375% by offering seller financing or rent to own.