New debt during a DSCR loan

[Charles Granja]

Hello everyone, 

I am finishing up a property to sell but have found a property that I wish to purchase. I have just enough cash to purchase but will then be short on the renovation. 

If DSCR if based off of the income of the property and not my DTI, will a 10k personal loan affect the DSCR loan?

The property is above 1.25, my credit score is high, it’s 25% down 

[Jay S.]

Hi Charles. Yes, DCRS is based off income of the property and If it is 1.25 and you credit score is 700+, you can easily get DSCR loan with 15% down rather than giving 25% down payment.

Dm me and we can go through your loan details if you are interested. 

Thank you.