Hi Jake, Would love to connect and discuss a bit further what it would look like for you specifically.DSCR loans are a great product and in some cases are actually beating conventional loans.

Also, a heads up that a typical loan assumption will take 60 - 90 days on average, so be prepared for a long closing period.In our current market we have seen home values decline since 2020/2021/2022 so there may be some motivated sellers out there who need to sell but their loan is now greater than or equal to the value of their home. 

@Carolyn McBride greetings ma'am, I do believe HELOC is a mortgage product therefore, u should get a statement from the bank.

https://the1brokerage.com/products/

The housing authority is a bit like a co-signer for the lease so they would just decline to sign on grounds of an unqualified property and the lease would never execute.  

We consider looking for or offering products, properties, services, referrals, recommendations, or loans to be advertising according to our forum rules. 

Completely different process and loan product. 25% down is likely light, but it's market dependent. 

@Aaron Henes  This is how all ( most all )  turn key companies sold their product prior to 08..

The only people that would suggest you do a DSCR or non QM loan on your first purchase with limited funds would be someone that sells one of those products. 

we politely declined.