looking for a DSCR lender who can help around $56k

WantProfessionalsLender
Classifieds
2yFollow

looking for a DSCR lender who can help around $56k

Hyeseong Park
Rental Property Investor · Philadelphia, PA · Member since 2023 · 68 posts · 17 votes

Hi, I'm looking for a DSCR lender who can help around $56k as I will get a property in Harrisburg, PA with $70,000 purchase price.

Here is the scenario:

House Purchase Price: $70,000

Location: Harrisburg, PA

Loan Amount that I need: $56,000 (80%)

Annual Insurance: $1200

Annual Tax: $1,500

Rent Price: est. $1400 / month

Credit Score: 741
Anyone is open for it?

1Reply
5 views

Most Popular Reply

Araceli Gutierrez
Member since 2024 · 63 posts · 6 votes
2y

Hello Hyeseong Park,
I have an opportunity I believe could be of interest to you. As a private lender, I specialize in providing DSCR loans, and I’d like to discuss how I can assist you further. Please feel free to reach out to me at your earliest convenience at 832-297-5607 for further assistance.

1Reply
See this reply in the discussion

5 Replies

Jump to latestLatest
  • Brittany MinocchiBusiness Member
    Lender · Massillon, OH · Member since 2022 · 1k+ posts · 486 votes
    2y

    Hi Hyeseong -

    Commented on your other post as well. Most lenders have $75k-$100k minimums, but this is doable as long as you're okay with high fees ("high" being relative to the low loan amount in your case). If you have any questions or would like more info, feel free to connect.

    [email protected]330-354-6590
    Brittany Minocchi - Barrett Financial Group, LLC522 Reviews
    View Page
    0Reply
  • Araceli Gutierrez
    Member since 2024 · 63 posts · 6 votes
    2y

    Hello Hyeseong Park,
    I have an opportunity I believe could be of interest to you. As a private lender, I specialize in providing DSCR loans, and I’d like to discuss how I can assist you further. Please feel free to reach out to me at your earliest convenience at 832-297-5607 for further assistance.

    1Reply
  • Hyeseong Park
    OP
    Rental Property Investor · Philadelphia, PA · Member since 2023 · 68 posts · 17 votes
    2y
    Quote from @Araceli Gutierrez:

    Hello Hyeseong Park,
    I have an opportunity I believe could be of interest to you. As a private lender, I specialize in providing DSCR loans, and I’d like to discuss how I can assist you further. Please feel free to reach out to me at your earliest convenience at 832-297-5607 for further assistance.

    Contacted.

    0Reply
  • David Pearl
    Lender · Member since 2024 · 121 posts · 14 votes
    2y
    Quote from @Hyeseong Park:

    Hi, I'm looking for a DSCR lender who can help around $56k as I will get a property in Harrisburg, PA with $70,000 purchase price.

    Here is the scenario:

    House Purchase Price: $70,000

    Location: Harrisburg, PA

    Loan Amount that I need: $56,000 (80%)

    Annual Insurance: $1200

    Annual Tax: $1,500

    Rent Price: est. $1400 / month

    Credit Score: 741
    Anyone is open for it?

     @Hyeseong Park - We are a direct nationwide DSCR lender and our minimum loan amount is $50K. We can help! I will send you a DM now

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y
    Quote from @Hyeseong Park:

    Hi, I'm looking for a DSCR lender who can help around $56k as I will get a property in Harrisburg, PA with $70,000 purchase price.

    Here is the scenario:

    House Purchase Price: $70,000

    Location: Harrisburg, PA

    Loan Amount that I need: $56,000 (80%)

    Annual Insurance: $1200

    Annual Tax: $1,500

    Rent Price: est. $1400 / month

    Credit Score: 741
    Anyone is open for it?


     You can do it with an exception on value. The minimum value would be $75k and the minimum loan amount is $55k. 

    It will be expensive though. 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free