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Kashta Andrade Booker's profile image
Kashta Andrade Booker's profile image
Kashta Andrade Booker
  • Contractor
  • from Portland, OR
  • Member since Jun 14, 2021
  • Posts 6
  • Votes 5
  • Experience 8 Yrs
  • Investments 1

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Kashta Andrade Booker's profile image
Kashta Andrade Booker's profile image
Kashta Andrade Booker
  • Contractor
  • from Portland, OR
  • Member since Jun 14, 2021
  • Posts 6
  • Votes 5
  • Experience 8 Yrs
  • Investments 1
Kashta Andrade Booker
  • Contractor
  • Portland, OR
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Starting Out

Email template for Out of State Mortgage Lender

Kashta Andrade Booker
  • Contractor
  • Portland, OR
Posted

Hello everyone! I have questions about how to approach a bank for a loan when trying to buy a house out-of-state. Does anyone have an example of a loan proposal or what should be on it. I am currently making a list of at least 4 lenders to reach out to. Thanks in advance!

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Robin Simon

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Robin Simon
Robin Simon
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
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Robin Simon
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied
Quote from @Kashta Andrade Booker:

Thanks for the clarity Jason. This will be an investment property, I don't know much about a DSCR loan but I'll consider it while I shop around for a lender.


Hi Kashta - I published a 10-part series on everything you could possibly want to know about DSCR Loans here on BP last year - sharing links below, hope it helps!

DSCR Loans: What Are They And How To Get The Best Terms

https://www.biggerpockets.com/...

DSCR Loans: How To Use Pro Strategies To Save More And Make More

https://www.biggerpockets.com/...

Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

https://www.biggerpockets.com/...

12 Frequently Asked Questions (And Answers) About DSCR Loans

https://www.biggerpockets.com/...

8 More Commonly Asked Questions and Answers to DSCR Loans

https://www.biggerpockets.com/blog/eight-questions-and-answe...

What Documents Do You Need for a DSCR Loan?

https://www.biggerpockets.com/blog/what-documents-do-you-nee...

BRRRR Loans: What Are the Options, and How Do DSCR Loans Stack Up?

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?

https://www.biggerpockets.com/blog/short-term-rental-loans-a...

DSCR Loans: Terms to Know When Working With These Popular Rental Loan

https://www.biggerpockets.com/blog/dscr-loans-terms-to-know

What’s Next For DSCR Loans? Updates For 2024 and Beyond

https://www.biggerpockets.com/blog/what-is-coming-in-2024-fo...

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