Investment Property Loan

[Cody Cavenaugh]

Hello, i'm looking to get a loan for an investment property in dallas but can't go the traditional route due to too high of a DTI and being a business owner. Any recommendations on how to get funds for property? Currently thinking a DSCR or Private money lender would be best bet. Also if your a private money lender or do DSCR please reach out to me, as I am extremely interested. Thanks

[Brittany Minocchi]

Hi Cody - 

DSCR loans are a great tool in these types of scenarios. No W2s, 1099s, tax returns or paystubs needed, and no DTI calculation. Just need to make sure the property generates enough income to cover the monthly principal, interest, taxes, insurance and HOA (if applicable). Required down payment is typically 20-25% depending on FICO, property type and level of experience.

Feel free to send me some details, I'm happy to discuss or answer any questions you have.