March 20

Loan Product for Vacation Rental Financing that Doesn’t Qualify for a DSCR Loan

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Podcast: Download (Duration: 2:31 — 2.6MB)

Loan Product for Vacation Rental Financing that Doesn’t Qualify for a DSCR Loan

I’m looking into buying some vacation rental properties. I already own a vacation home that I use that I financed using a conventional mortgage. This would strictly be for investment purposes. The problem I’m running into is the purchase price does not qualify for DSCR loans when they look at long-term rents.

Is there a loan product that would work well for this type of vacation rental?

Thanks, Beau!!!

Lily

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