Question: if 1 of my properties have positive cash flow to meet DSLR loan requirement, but my other rental properties have negative cash flow. Will I get denied using that positive cash flow property to apply for DSLR refinancing?
For new investors looking to get into RE on this type of loan can the down-payment be met by the seller holding a note for that amount meaning the 20%-25%
Thanks for this info. Can you do a cash out refinance DSCR loan out of a hard money loan after rehab and placing a tenant? How do closing costs compare to a normal fixed rate investment mortgage? Thanks!
I am not positive but I would say probably a bit of both. The DSCR ratio and the credit score are part of the underwriting guidelines so probably part of the rate lock variables.
Thank You sharing. Happy new year.
Question: if 1 of my properties have positive cash flow to meet DSLR loan requirement, but my other rental properties have negative cash flow. Will I get denied using that positive cash flow property to apply for DSLR refinancing?
very good question we hope they respond
Great look behind the curtain for a borrower. Thanks for the info.
For new investors looking to get into RE on this type of loan can the down-payment be met by the seller holding a note for that amount meaning the 20%-25%
Thanks for this info. Can you do a cash out refinance DSCR loan out of a hard money loan after rehab and placing a tenant? How do closing costs compare to a normal fixed rate investment mortgage? Thanks!
Yes, you can do a DSCR cashout lease loan coming out of a hard loan. That loan is focused on the probability of the rental income.
Please reach out to us at sales@lendsure.com and we'll have an Account Executive work on your loan scenario.
Contact info for a Texas loan?
Please email us at sales@lendsure.com and we'll connect you with an Account Executive in Texas.
Great Video. Is the rate based on the profitability of the property or the owner?
I am not positive but I would say probably a bit of both. The DSCR ratio and the credit score are part of the underwriting guidelines so probably part of the rate lock variables.
Our rates for this program are based on the FICO and LTV. You can try our Spark Pricing Engine at lendsure.com/spark/
So general DTI is not a factor in DSCR loans?
This program only focuses on the Debt Service Coverage Ratio so no other sources of income are examined.
Are you all wholesale ? looking for a new dscr and bank statement wholesale lender
Yes, we are a wholesale lender. Please contact us at sales@lendsure.com and we'll connect you with and Account Executive in your area.
What about short term rental? Like Airbnb? Would you use air bnb income to qualify?
Yes, if the LTV is under 65% and a FICO over 740 for purchase transaction and a DSCR Ratio of 1.0.