All Forum Posts by: Melvin List

@Nishan Akwalia yes. 

@Nishan Akwalia so you are looking for a HELOC on a rental property

@Tony Thomas I would try a broker for a HELOC on a investment property

@Nishan Akwalia rented as a primary home?

@Jose Laffitte can you qualify for a Conventional One Time Construction loan?

@Allen Zhu How many units are you looking to finance? With Just 1 unit you are looking at 15 to 20% down and 2 units you are looking at 25% down.

@Beruk Lessanework I would also have someone take a look at the Freddie Mac BorrowSmart Program. This program has less down and depending on credit score the mortgage insurance could be cheaper with no upfront MIP. A lot of companies will push you into an FHA loan because that is the most profitable depending on if you deal with a Broker or a Retail loan company.

@Ryan Dori lots of options besides DSCR. 1 Year income, Asset Depletion, Bank Statements, and P & L only loans.

Melvin List #243087

C2 Financial #135622

https://www.flbestrate.com/

813-629-5478

@Abu S Syed What Questions do you have about DSCR mortgage loans?