Updated about 1 year ago on . Most recent reply
Looking for financing with 60 day late
Looking to close on a deal but had a 60 day late due to a clerical oversight with autopay on a mortgage within the past 12 months.
Have four properties with solid borrowing history over a 7 year span outside of this instance and am financially healthy.
Am I lendable? Hoping for a DSCR loan
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River Sava
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
Hi Henry -
Since the focus is more on the property's income than on personal credit history for DSCRs you still have options. Even with a late payment, your overall stability can work in your favor. It's worth discussing your situation with a DSCR lender for tailored advice. Sending you a dm to connect further!