❓ If my purchase price is 50% of the value of the house, will the DSCR cover 100%?

▶️ Answer: No. DSCR lenders will take the lesser of the purchase price and value
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❓ Can I get 80% LTV on a cash out refinance?
▶️ Yes, depends on the state
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❓ Can I use an income approach on a single family or fourplex?
▶️ ​ Answer: No. 1-4 unit properties are residential and appraised using a Sales Income Approach
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❓ Can I refinance a manufactured home?
▶️ Yes! You can get up to 75% LTV with the right lenders, too.
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❓ I don’t own anything, can I still get a loan?
▶️ Yes! These loans are perfect for new or seasoned investors.
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❓ Can I remove the prepayment penalty period?
▶️ Yes, generally. Your interest rate or fees would slightly increase, as a result.
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❓ Can you DSCR multifamily?
▶️ Yes! Residential and commercial properties can qualify.
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❓ Do I need a 1.2 DSCR to get this loan?
▶️ NOPE! Most lenders will approve a 1.0 DSCR (some, even lower, but don’t buy a property that’s negatively cashflowing)
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❓ What states do you not lend in?
▶️ North and South Dakota 😔
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❓ Can I get a DSCR to buy and renovate a property?
▶️ No, DSCR loans do not give you funds to rehab a property. Use a Hard Money Loan.
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What questions do you still have?