Jul 14 • Tips
‘My Credit Doesn’t Matter For a DSCR, Don’t Worry’ This is a MYTH
*As far as I know at this time*
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DSCR loans are asset-based loans, yes
However, DSCR lenders are utilizing FICO scores, borrower’s experience, and citizenship to weigh the risk factor of the loan.
Additionally, though your Credit Score is a consideration in qualification for financing that does not mean it would always be subject to a hard pull when closing this loan.
There are several DSCR lenders in the space whom offer Soft Credit Pulls during a DSCR Refinance or Purchase
Oftentimes these don’t come with a hit to the rate, as well.
This is perfect for investors with big ambitions to grow their portfolio aggressively
No waiting to recover your score in order to buy your next rental
Share this info for those real estate friends gaining some traction in their journey and help them sky rocket to their goals!
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‘My Credit Doesn’t Matter For a DSCR, Don’t Worry’ This is a MYTH
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