They say as I have just seen they will loan money.

I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much. 

There is a local loan program, I believe it is called the MCT loan. 

Let's use that as an example. 20% down is $43,000 plus lender loan origination fees, closing costs etc is going to push you over $50,000 cash out of pocket.

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Hi Amanda, I think this is where most borrowers get confused on a DSCR loan.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.