DSCR options or other loan options

[Robert Johnson]

Hey everyone, I’m looking for some input on financing options and wanted to see what brokers and lenders here recommend. I’ve got the opportunity to buy an off-market property for around $160K. With 20% down, the loan amount would fall under the $150K minimum that most DSCR lenders I’ve come across require. That seems to knock out a lot of the typical DSCR products. To complicate things a bit, my DTI would not qualify me for conventional or personal mortgages, which is why I’m focused on DSCR or other asset-based options. Are there lenders out there with DSCR products below the $150K loan threshold? Or would alternatives like small balance commercial loans, portfolio products, or other creative financing options make more sense for a deal this size? Appreciate any direction or experiences you can share. I’d like to make sure I don’t pass on a good deal just because it doesn’t fit the “standard” DSCR box. Thanks in advance!