Documentation to provide during loan process

[Evan O'Brien]

Is there a difference between the type of documentation you need to provide to a lender when applying for a loan for a single family investment property as compared to a multifamily investment property? Any information would be greatly appreciated!

[Erik Estrada]

@Evan O'Brien For the DSCR Loans, (no income verification or bank statements needed) lenders look at the average rental income in the area or look at AirDNA for short-term rentals. They will also look at your credit, if you own any properties, or have history of ownership. Rates are slightly higher than full-doc depending on your situation.