2-4 units, NON-owner occupied
Below $417K
DSCRs will be 1.2 or greater
Cap Rates will be 8.5% or greater
LTV will be 75% or lower. The other 25% will be out-of-pocket, seller-financed, or a combination of both.
I’m looking for 30-year fixed. My middle FICO score is 700.
The only way to make it work conventionally (Fannie Mae/ Freddie Mac) will be with an out of pocket down payment. You may be able to find a portfolio lender that will allow a seller second, but Fannie/Freddie have done away with seller seconds.