Rural DSCR lender - California
I am looking for a lender that works with rural properties in California. The property I am trying to refinance is in town, and in a neighborhood and just up the road from the regional hospital but I guess the local population is low enough that it is considered rural for some lenders.
I am hoping for recommendations of lenders that lend in rural areas like this.
Thanks!
Looking for
Bakersfield, California
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River Sava
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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Hey Gene – When dealing with rural properties, lenders often adjust their LTV requirements, as these areas are seen as having different risk factors. Since your property is in a neighborhood near a regional hospital, some lenders might still consider it rural due to local population metrics (likely will depend on the appraisal). Sending you a dm to connect!