Do Banks Require Tax Returns to Lend on Multifamily?

[William Coet]

Hello,

Are existing leases enough for a bank to lend on multifamily, or do they require tax returns?  Does it depend on the bank?

Thank you

[William Lokar]

@William Coet

I echo @Lyndsay Zwirlein and @Charles Carillo. The DSCR loan may be your best option. I have used them several times for purchases and refinances. They are particularly helpful for those that are self-employed or do not have a traditional W2 job. In most cases these are for investment only loans and do not permit owner occupancy so if you are thinking about a house-hack you may not be able to use this option. Talk to the lender or Mortgage broker about this. Check out Visio Lending or the One Brokerage. I have used these two.