Funding a long term rental but don't want to put 20% down for a DSCR loan

[Bruno Almeida]

Hi BP Fam ,

I'm looking at a rental property I want to buy but don't want to put down the 20% on a DSCR Loan. Does anyone know any other options out there ?

TIA 

[Jay Hurst]

Quote from @Bruno Almeida:

Hi BP Fam ,

I'm looking at a rental property I want to buy but don't want to put down the 20% on a DSCR Loan. Does anyone know any other options out there ?

TIA 

There are 15% down options assuming good credit. HOWEVER, you pay a higher rate to do that, you are obviously financing more which also increases your payment. This all matters because the DSCR has to be 1.0 or greater. So, in the real world, it is very hard to make that happen with a 15% down DSCR loan even though it technically exists.