Looking for 15% down DSCR

[Eli Kim]

Hey guys. So I'm looking for a 15% down DSCR lender. I've capped out my DTI and I'm looking for other methods of purchasing another property. Any help would be appreciated. Thanks

[Jay Hurst]

Quote from @Eli Kim:

Hey guys. So I'm looking for a 15% down DSCR lender. I've capped out my DTI and I'm looking for other methods of purchasing another property. Any help would be appreciated. Thanks

 @Eli Kim 15% down DSCR programs do exist and look great on paper HOWEVER, they rarely actually work in the real world. The reason is that the DSCR has to be over 1.00 and the issue is that you are obviously financing the majority of the price which drives up the payment but also the rate's on the note are significantly higher then if you were to put down 20% for example. So, when you add those two items it makes it hard to actually keep the DSCR over 1.00.