Looking for Lender Recommendations (High DTI, Multi-Unit, HELOC)

[Andre Lai]

Hey everyone, hoping to get some lender recommendations or advice based on my current situation. Appreciate any insight or contacts:

• I own a fully permitted triplex in San Jose (converted from a single-family home less than 1.5 years ago)

• Current appraised value: $1.45M (Redfin estimate $1.65M)

• Mortgage balance: $1.01M at 7.5% interest

• DTI is high (around 88%) due to the mortgage, though I have rental income that helps offset
  
  If counted, rental income would bring down my DTI to 58%

• Rental income hasn’t been on two years of tax returns yet

Goals:

• Ideally looking for a HELOC to consolidate high-interest debt and bridge into my next home purchase (I'll be selling this property in order to buy this next primary)

• Open to DSCR cash-out refi, but wondering if lenders allow DSCR products when I still live in one unit of the triplex

• Exploring private lending or creative options if traditional lenders can't work with my DTI

If anyone has lender suggestions, brokers, or has been through a similar scenario, I’d appreciate the help.

Thanks in advance!