All Forum Posts by: Melvin List
Melvin List has started 11 posts and replied 1088 times.
Post: Prepayment on DSCR
- Lender
- Tampa, FL
- Posts 1,160
- Votes 379
Many Lenders do DSCR loans without a pre payment penalty.
Post: Direct lender for condo in florida
- Lender
- Tampa, FL
- Posts 1,160
- Votes 379
@Nishan Akwalia yes.
Post: Direct lender for condo in florida
- Lender
- Tampa, FL
- Posts 1,160
- Votes 379
@Nishan Akwalia so you are looking for a HELOC on a rental property
Post: Home Equity Loan
- Lender
- Tampa, FL
- Posts 1,160
- Votes 379
@Tony Thomas I would try a broker for a HELOC on a investment property
Post: Direct lender for condo in florida
- Lender
- Tampa, FL
- Posts 1,160
- Votes 379
@Nishan Akwalia rented as a primary home?
Post: Ground Up Construction for Duplex
- Lender
- Tampa, FL
- Posts 1,160
- Votes 379
@Jose Laffitte can you qualify for a Conventional One Time Construction loan?
Post: Anyone doing new construction Build-to-Rent in Central Florida? Insights?
- Lender
- Tampa, FL
- Posts 1,160
- Votes 379
@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.
Post: FHA vs Homepossible loan for first time home buyer
- Lender
- Tampa, FL
- Posts 1,160
- Votes 379
@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.
Post: Cash Out Refi Option
- Lender
- Tampa, FL
- Posts 1,160
- Votes 379
@Ryan Dori lots of options besides DSCR. 1 Year income, Asset Depletion, Bank Statements, and P & L only loans.
Post: DSCR Loans in Most States
- Lender
- Tampa, FL
- Posts 1,160
- Votes 379
