DSCR loan for STR Investment Property in North Carolina

[Ben Miller]

Looking to connect with Mortgage broker to find DSCR loan to purchase 1st STR investment property in Lake Lure, NC.

[Mitch Davidson]

Hi @Ben Miller. I live near Lake Lure, and can help you with a DSCR loan (and resources and referrals as well).

We (Movement Mortgage) have an amazing DSCR program. No prepayment penalties for one thing. No restrictions or issues regarding rural properties, or cabins, short-term rental, first time investors, etc. And we underwrite them internally, so much more upfront assurance that the deal will work. Also, because we’re the most common lender in the area, our preapproval letters can be helpful in getting your offer accepted, because the seller’s agent will know and trust us.

I’ll send you my contact information in a direct message.

And if you’re in town sometime soon, I’d love to meet you to one of the two monthly BP meet ups that I host here in Asheville.