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Updated over 2 years ago on . Most recent reply

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13
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8
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Giancarlo Valverde Barriga
  • New to Real Estate
  • Los Angeles
8
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13
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DSCR Loan recommendations

Giancarlo Valverde Barriga
  • New to Real Estate
  • Los Angeles
Posted

Hello all, out-of-state investor looking to invest in Cleveland, OH. I am a new graduate and do not have two years of income for a traditional loan. I am looking to borrow ~$90k. I have enough for the downpayment + reserves, good credit, etc, but I might have to hunt for a new lender. I previously understood that I should apply for a product that was offered that best suited my needs. However, I believe I am now told that the minimum lending amount is much higher than initially explained. 

If I have to find a new one, does anyone have any suggested DSCR lenders?

Thank you!

Most Popular Reply

User Stats

391
Posts
182
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Cliff Benner
  • Accountant
  • Denver, CO
182
Votes |
391
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Cliff Benner
  • Accountant
  • Denver, CO
Replied

I used @Nick Belsky for a DSCR Loan I got for my Rental in Dayton that was under $100k.

He did amazing and helped me with so many items by reaching out to my other team members and getting the information he needed to close the loan quickly. 

  • Cliff Benner
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Benner Stride
5.0 stars
2 Reviews

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