This is a YouTube video titled "WE UPGRADED OUR DSCR PROGRAM!" containing a conversation involving Derek McGowan and another speaker discussing enhancements to the DSCR loan program for investment properties, including new eligibility criteria and flexible loan options. The content is from November 25, 2024.
We've had a lot of success with DSCR program and now we just upgraded made it that much better. So we get DSCRs for investment properties. We have to have decent credit, decent down payment and we don't care about the debt to income ratio. We just need the property to cash flow itself. Now we've opened up more ways to get the loans done. So you can do this as a first time home buyer. Never owning a home before, but 25% down you get your DSCR loan. We can also help you tap into your equity and do a cash out refi in.
Just three months instead of.
Waiting the normal.
12 month seasoning period.
And also do this.
With a no ratio dcr. We don't even care what it rents for. If the appraisal doesn't.
Come back favorably, who cares?
But 25% down.
Down you get a loan. Or we could.
Use the short term Airbnb rents.
Which are always more favorable. 25% down you get a loan. Co borrowers. We can now use the higher of the two middle credit scores. Every other loan program is the lower of the two middle credit scores. So more and more flexibilities reach out today because McGowan.
Mortgages has taken over the DSTR world.
