Purchase price: $302,500 Cash invested: $5,000 Utilized VA Loan for a House Hack for my first Rental Property.

Account Closed said, income and assets are the only "hassle" with a conventional loan.

The good news is you don't need a specialty loan for a house hack, just a traditional primary home loan.

I have spoken to lenders about traditional financing and also DSCR loans.

Just to name a few: Borrower's Experience FICO Loan Amount Loan Type being sought: Perm (30 yr ams), Bridge (12-36mo I/O), Rehab (12-36mo I/O), Ground Up (12-60mo I/O) Property Type (1-4 unit, 5+ MF, Warehouse/industrial, Hospitality etc)If you have a specific deal in mind, then you can have a lender (or broker) look at it and give you a better idea.

So you are talking about a loan of $200K.

He is looking at a group of investors like myself to bring 25% of the project value and then procure a bank loan for the remaining 75%.

The DSCR loan will have one.

Hi Lenders, currently in the market for a cash flow management tool to help organize payoffs and broker commissions to get a better understanding of how many more loans I can fund on a given month.

I’ve been working with several lenders for DSCR loans, but I’ve found that the fees are quite high, with minimal benefit in terms of lowering my current interest rate.