Відео

Our pleasure, thank you for the feedback!

Great question! Foreign national guidelines are as follows: if borrower is not a US Citizen or Green Card holder, then max LTV 70% for purchase (30% down payment), 70% for rate and term refinance (30% down payment), 65% for cash out refinance. If DSCR is below 1.3, then we apply a 5% reduction for max LTV. We do not require a US credit report or a US non-permanent visa -- some DSCR lenders require this. We require foreign nationals to have a valid and unexpired passport from their country of residence/citizenship.

@@offermarket great, thank you. How can I reach out to you?

@@DominicStrahl instant quote: www.offermarket.us/loans and once you submit the request you will see a button to schedule a relationship manager call. Or feel free to call/text 443-492-9941.

Thank you Rico! You have some awesome videos too. If you have off market wholesale deals, post them on our marketplace!

@@offermarket thank you definitely I definitely will!

💯 agree with your take, thank you for watching and participating in the conversation!

Thank you for watching, we’re so glad you found the video educational!

Thank you Rafa, we look forward to the finished product of your current fix and rent project and providing you with extra savings on your DSCR loan refi!

You got it! The risk free rate for a DSCR loan is the 5 Year US Treasury. DSCR loan interest rate = Risk Free Rate + Credit Spread

Thank you for your feedback and for subscribing! For your listing in North Richland Hills, TX -- we have ground up construction and build-to-rent loan programs that you can use to market your deal (you would receive a referral payment if the builder receives funding from OfferMarket). Be sure to indicate if your property is zoned for residential (or what re-zoning to residential would entail), passes a perc test, has easy hookups to public water/sewer, what % of the land is in a flood zone.

Thank you for watching, we appreciate your feedback!

Thank you for your feedback. Our goal is to provide real estate investors with high quality educational content so they can make intelligent decisions when it comes to growing their rental property portfolio. Ultimately, our mission is to help people build wealth through real estate. DSCR loans are an integral part of this mission. We hope you found this video helpful.

We're sorry we missed your comment, thank you for taking the time to watch our video and post a comment! You can email hello@offermarket.us or call 443-492-9941. We look forward to connecting!

We're sorry we missed your comment, thank you for taking the time to watch our video and post your question! DSCR lenders use a 'trimerge' credit report which is a hard pull across all three bureaus (Experian, Equifax, Transunion) and we take the middle score. The minimum in our DSCR loan program is 660 though you will receive best terms at 720. It's important to note that DSCR lenders will want to see no 30 day lates on your credit report within the last 12 or 24 months (depends on program). Here's a related video about the tri merge credit report: ua-cam.com/video/8BrfdtXNLbs/v-deo.html

We're sorry we missed your comment, thank you for taking the time to watch our video and post your question! Yes, you got it! We are based in Baltimore just a couple blocks from the beautiful Inner Harbor. If you're ever in town and want to meet up, please let us know. You can reach out team at hello@offermarket.us or call/text 443-491-9941.

We're sorry we missed your comment, thank you for taking the time to watch our video -- we're glad you liked it! Please let us know if you have any related questions, we are always happy to assist and will make a point to more carefully monitor comments :)

Thank you for watching, we'll take that as a compliment!

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Hi Nicholas, this is a great question and it doesn't get discussed enough. In most cases, any accelerated prepayment of principal, whether a full payoff or extra/additional payments, will incur a penalty fee during the prepayment penalty period. So, if you have a 5-4-3-2-1 prepayment penalty clause, and you make a $1,000 additional payment towards your principal during year 1, you will be charged a 5% fee of $50.

We just published our new Prepayment Penalty video: ua-cam.com/video/JNxNmdc5hsw/v-deo.html

We actually removed our rich text editor to make our listing process as simple as possible. If you want to have more control over the description, you can use an HTML editor such as onlinehtmleditor.dev/ and paste the HTML code into the description.

@@offermarket Thank you. That was actually very helpful.

Hi Mary! For borrowers with 5+ verifiable experience in the last 3 years, we provide funds in advance for each stage of rehab/scope of work. If you already bought the property with a fix and flip loan then we would not be able to provide this service. If you bought a property with cash, we can refi you into this loan program as long as you have the experience and the property is not designated rural. Hope this helps!

Hi Davion, thank you for your question. The projected profit on a fix & flip or cash flow on a DSCR loan are critical components of loan approval and probability of funding a given deal. Fix & flip loans need to show an acceptable ROI for the borrower, otherwise there's too much risk in the event the property is sold for lower than the projected ARV. In such a scenario, the borrower may need to bring cash to closing to pay off the loan and that is a situation lenders and borrowers need to avoid. This situation is unfolding in many markets where home prices are in decline and buyer demand has fallen dramatically. In response many lenders are reducing max LTARV from 75% to 70%. As for DSCR, these programs have strict guidelines for minimum DSCR. When DSCR is 1.0 that is effectively break even and below that is negative free cash flow for the borrower. Many DSCR lenders have increased minimum DSCR to 1.1 or even 1.25 and lowered max LTV in response to current housing market volatility. We have a few new videos on our channel that provide more insight into current market conditions. Hope this helps, have a great day!

@@offermarket ok that makes sense to me thank you , do you know if generally that DSCR lenders accept gap funds accept gap funding for the Down payment and or closing cost ?

@@Davion_savant DSCR lenders generally do not allow 2nd position liens for gap/down payment assistance because that increases the effective leverage in the deal beyond the max leverage allowed in the DSCR program guidelines and increases the risk. Instead, you should focus on bringing on limited members in your LLC that can help with equity capital for down payment and closing costs. If you think about it from a lender's perspective, if you qualify for 75% LTV and you want 25% LTV in 2nd position, you have 0% equity and 100% LTV. This makes it exceedingly difficult for your rent and NOI to cover your debt service costs. If your tenant(s) stop paying and/or the value of the property declines, you and the lender are in a very dangerous situation as far as default risk.

@@offermarket wow interesting, if the DSCR loan is asset based , what does it matter the down payment source , especially if there only in at 75% and the down payment is separate from that & plus don’t they get the property back at foreclosure for just about 100% of the market value if I default the first month into the property and loan ?

@@Davion_savant it comes down to risk and guidelines. If a borrower cannot bring the required equity and needs additional leverage, they are a higher credit risk and the terms are outside of guidelines. In a foreclosure there are costs that are incurred to liquidate the property which is commonly sold below market value -- especially if it's an investment property that may have tenants, damage that make it less attractive to retail buyers.

Thank you for watching, we're glad you found it helpful!

Thank you Sampson! We agree with you and we look forward to the next episode in our series :)