Lender Recommendation Low Credit Score Dallas, TX DFW DSCR or Non-QM mortgage loan?

[Joe Barton]

Single Family Home

Fico Score - 620 give or take (score tanked due to credit card utilization)

Appraised Value - $875k 

Payoff Amount - $675k

Debating on DSCR or keeping the property for personal use if I need to since the market is so slow. I have no tax returns. I also have two interested renters.

I do not have any additional funds to put towards this property. 

I am open to a short term hard money loan as well until bring my score up.

[Harold Sebesta]

Quote from @Joe Barton:

Single Family Home

Fico Score - 620 give or take (score tanked due to credit card utilization)

Appraised Value - $875k 

Payoff Amount - $675k

Debating on DSCR or keeping the property for personal use if I need to since the market is so slow. I have no tax returns. I also have two interested renters.

I do not have any additional funds to put towards this property. 

I am open to a short term hard money loan as well until bring my score up.

 Most refinance are a 75% of value and with a 620 credit score you can guarantee it will be less than 75%. If we figured out at the high of 75% it would be approximately 656,250. so you would not get enough out including closing costs. So I would suggest selling and getting credit back up and moving on to the next one with some cash in your pocket!