I did go through my loan documents and found the Occupancy Affidavit and it says " To make a mortgage loan and as an inducement to the federal housing administration to insure said loan, or the department of veterans affairs to guarantee said loan, or a private mortgage insurance company to insure said loan, as the case may be": and then there is a box checked that says "I/We presently occupy, or intend to occupy, the subject property as my/our principal residence".

I would be very careful about guaranteeing anyone a specific ROI.

And, if you have a second mortgage, you can pretty much guarantee zero success.Getting a short-refi is not impossible, but it is less likely the a loan modification.

You're likely to have to personally guarantee it, and personally qualify for the loan.

The credit repair that I direct clients to can even remove foreclosures, and it's guaranteed or your money back.

Guaranteed your in and out of the business quickly with that thought process.

It should.Also, while I suppose the lender could use the DSCR as part of their underwriting it seems odd that they would since most lenders use DTI ratios when it comes to residential property....If the OP was applying for a commercial loan for some entity that holds title, then the property's income might be all that matters (no personal income or credit has to be involved unless they are also asking for a personal guarantee).And a DSCR is only used with commercial loans, so I'd guess that he is applying for this loan with the commercial lending group in this bank (or the bank decided to handle the loan using it's commercial group).

Lazy money is the best money... why kick out guaranteed sources of income.#4 is late and in the middle of a bankruptcy, and her mom is whiney.sounds like the best choice was already made

The SAFE act requires all residential lenders be licensed, and I can almost guarantee you won't want to jump through those hoops for a small $15,000 loan.

For FNMA underwritten loans, a long time ago, I was able to do a 'deed out', sign, 'deed in' maneuver to legally get the personal guarantee and (legally, per loan documents) keep the property in the LLC.