Do DSCR loans affect DTI

[Chris Roberts]

Do DSCR loans affect personal DTI if they are in an LLC?

If so, it seems like having a few DSCR loans would make it difficult to qualify for a Heloc on a primary residence or even a car loan, for example.

Also, are DSCR loans recourse? Could the lender come after your personal assets if you were unable to make payments?

If so, those could be exposing individuals to large amounts of risk. 

[Robin Simon]

Quote from @Chris Roberts:

Do DSCR loans affect personal DTI if they are in an LLC?

If so, it seems like having a few DSCR loans would make it difficult to qualify for a Heloc on a primary residence or even a car loan, for example.

Also, are DSCR loans recourse? Could the lender come after your personal assets if you were unable to make payments?

If so, those could be exposing individuals to large amounts of risk. 

If in an LLC, DSCR Loans should not show up on personal credit. Also almost all true DSCR Loans are going to be full recourse, but there are a couple of lenders that have a DSCR-like product that is non-recourse.

Another note on the recourse, this comes only after foreclosure on the property and if the property value in foreclosure doesn't cover the loan amount. The DSCR Lender wouldn't come after your assets before starting first with the foreclosure process