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Charles Schmidt
  • New to Real Estate
  • Denver, CO
24
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24
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Does a DSCR loan affect your personal credit and DTI ratio?

Charles Schmidt
  • New to Real Estate
  • Denver, CO
Posted May 18 2022, 08:48

I have been shopping around for lenders for a 20% down DSCR loan for a new short term rental property. One of them told me that if I close the loan directly into an LLC (which he confirmed they can do), then it won't affect my personal DTI ratio when I'm looking to qualify for future loans, specifically my next primary/house hack that I plan to buy at the end of next summer.

I mentioned this to another lender and he said this is not the case since it will be my LLC and is therefore still tied to my personal credit.

I plan to reconnect with both of them for clarification but wanted to see if anyone on here had experience with a similar situation.

Thanks!

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