DSCR Loan To Buy Your Smoky Mountain Cabin For Sale
WHAT IS A DSCR LOAN
DSCR Loan is an investor loan. The most common one is used to purchase overnight investment property in smoky mountain Tennessee. DSCR Loans typically require 20 percent down. The credit score needs to above 700. The basis for the loan is the cash flow from the Tennessee mountain cabin covers the loan payments. Debt to income ratio is not a factor. This is a link to Elizabeth Gibson's webpage at Supreme Lending. Elizabeth Gibson
This is link to Angel Oak. It explains DSCR (Investor Cash Flow Loans ) for cabins for sale Angel Oak Dscr Program You need prior experience with Smoky Mountain Cabins.
DSCR GATLINBURG CABIN CONSTRUCTION LOAN
Another type of loan is DSCR Loan for construction loan. This DSCR Loan typically requires 20 percent down also. The credit score needs to be above 700. Debt to income ratio is not a factor. The basis for the loan is appraised value of completed Tennessee Mountain cabin. You will need reserves to pay the construction interest. You will need prior experience in either fix and flip preferred location in Smoky mountain cabins or new home construction of mountain cabins Tennessee. The loan term is one year. The is the link to the lender, Asset based Lending