13% of FHA loans from 2024 are underwater.21% of VA loans from 2024 are underwater.That’s despite national home prices rising this year.

Most of us lenders are concerned with Loan-to-Cost and As-Completed-Value (like ARV in flips).

And any buyer who thinks fraud or forgery or many other common sources of title claims will be apparent from a title report OR that a loan policy will protect them down the line in the event of a title defect, this is not a client most title companies want to retain. 

The cash-out loan LTV is based on the appraised value.

Does anyone have experience or know of someone who was able to obtain a DSCR loan with the seller carrying a second mortgage?

Quote from @Ray Petteway: I have a commercial loan and already extended it .  

The dislike of FHA loans, particularly by experienced realtors who represent the seller, is twofold: FHA loan appraisals are more aggressive in the "nitpicky-ness" of relatively minor cosmetic issues, and buyers with FHA loans tend not to be as financially sound and reliable as other loan programs. 

Quote from @John Herlihy: Looking to refinance from an arm portfolio loan where I can lower my rate.

Quote from @Carl Stieler: I am in the process of applying for a DSCR loan for a long term rental property through my Checkbook LLC.The loan company I am working with wants me to fill out an application form where all of the questions are targeted on my credit, my info for collateral and my personal real estate situation.

Brant,Have you thought about getting your real estate license versus being a loan officer?