DSCR Loans / Lender Recommendations

[Eric Hipolito]

Hello BP community,

I'm new to BP, but excited to learn through so many forums. I'm looking for my 2nd investment property and was waiting to reach a 2-year mark of my W-2 job to apply for an FHA loan or HELOC. However, I just learned about DSCR loans and it looks like an enticing tool. Is this something that I could househack or does it need to be purely a rental property?

Could anyone offer insight on DSCR loans and/or provide any reputable lenders? Thank

[Robin Simon]

Quote from @Eric Hipolito:

Hello BP community,

I'm new to BP, but excited to learn through so many forums. I'm looking for my 2nd investment property and was waiting to reach a 2-year mark of my W-2 job to apply for an FHA loan or HELOC. However, I just learned about DSCR loans and it looks like an enticing tool. Is this something that I could househack or does it need to be purely a rental property?

Could anyone offer insight on DSCR loans and/or provide any reputable lenders? Thank

Welcome! Check Out this large series (10-Part) on EVERYTHING you need to know about DSCR Loans!

DSCR Loans: What Are They And How To Get The Best Terms

https://www.biggerpockets.com/...

DSCR Loans: How To Use Pro Strategies To Save More And Make More

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Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

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12 Frequently Asked Questions (And Answers) About DSCR Loans

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8 More Commonly Asked Questions and Answers to DSCR Loans

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What Documents Do You Need for a DSCR Loan?

https://www.biggerpockets.com/blog/what-documents-do-you-nee...

BRRRR Loans: What Are the Options, and How Do DSCR Loans Stack Up?

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?

https://www.biggerpockets.com/blog/short-term-rental-loans-a...

DSCR Loans: Terms to Know When Working With These Popular Rental Loan

https://www.biggerpockets.com/blog/dscr-loans-terms-to-know

What’s Next For DSCR Loans? Updates For 2024 and Beyond

https://www.biggerpockets.com/blog/what-is-coming-in-2024-fo...