Would like someone in the area to confirm that if possible.

Most people are lemmings and would rather have the false confirmation that their paycheck will always be there; until it isn't.I have many friends and family who rather have a steady paycheck and keep with the status quo then roll the dice.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

This would have to be retroactive to the date of her Active Duty enlistment (or orders if guard/reserve) and apply up to 6mo after her Date of Separation.It can be a long hard road, but well worth it. 

DSCR lenders will still look at your personal credit, reserves, background, and experience.

Also worth noting that I’m not sure what price range you’re looking in, but $10k-$20k to cover down payment, closing costs AND reserves might not get you very far.

Each piece is a pricing add.Location, unit type/number/style/mid rise/single story, mortgage middle FICO, Down payment percent, prepay type, 3 points - no points, market rents, property good to perfect condition, rented at close with verification, reserves, vesting is real person or single LLC are the pieces that deliver a rate at a moment in time.

Real Estate News in BriefA string of favorable data (lower inflation, higher unemployment rate) has convinced the market that the Federal Reserve will begin cutting short-term interest rates in September, and mortgage rates are already moving lower.Reminder!

Once i have my permanent financing completed, then I'll confirm that it's gone well =D  I lived in this market for 7 years while I did my schooling(undergraduate and graduate) and have family and friends  (as well as business partners) in the area. 

JustinPersonally I'd use it to buy off market using creative finance keeping a healthy amount in reserves.