Rate is reasonable at first glance but yes rates are moving down and should continue to shop, get quoted, can be major changes day over day10% Down DSCR doesn't exist and has never existed to my knowledge so I wouldn't count on that15% down does exist and is rare, however as others have noted, usually it doesn't actually work since the restrictions, such as a high DSCR ratio or LTR only rent qualification (and high rate environment) never let the numbers work however as rates continue to fall we may finally be able to see some 85% LTV DSCR Deals actually pencil again!

Feel free to inquire about their staff qualifications if it's a larger organization.2.

Same example, part 2: Why are there so many restrictions on the REPS and STR qualifications?

Flexible Qualification: As long as the property’s DSCR is typically 1.0-1.25, you can qualify.

I now know more about the Real Estate Professional qualification.

It is a great place to get info but there aren't any qualifications for postings.

Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.

@Clare Cui - I don't ask the prospective tenants questions aside from a preliminary qualification check and our rental application.

Key for financing decisions: Lenders rely on DSCR to determine loan qualification and terms.

This is all info they can use to help narrow out the homes they know you wouldn’t want.If you have 4 kids you aren’t interested in a 1BR.just send them the pre-qualification letter and ask specifically what other info they want.