🤔What Information about the Borrower is needed on a DSCR Loan Application?
👨‍🏫 DSCR Loan borrowers will typically need to provide the full details of the your financials and credit history, including:
➡️Estimated FICO score
➡️Net worth and liquid assets
➡️Homeownership status (do you rent or own your current residence?) (to determine “First-Time Homebuyer” status)
➡️Years of real estate investment experience (to determine “First-Time Investor” status)

DSCR Loan Process: Documents Overview: Stage 2: Application & Credit Authorization
https://harpooncapital.com/dscr-loans-guide/dscr-loan-proces...

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