What are the minimum requirements for a DSCR loan?

What are the minimum requirements for a DSCR loan?

Hey Beau, I'm trying to refinance a property that I just finished renovations on. My FICO just went down to 670. Would I still be able to use the DSCR product?

Thanks,
Shirley

Timestamps
[00:18] Usually 660 is the minimum cutoff for FICO
[00:29] People are renovating properties lately using their personal credit card
[00:45] Utilize your credit scores
[01:36] You have to play the credit score game in order to get the best pricing and the highest leverage in the DSCR world
[02:20] Do not use your utilization the wrong way
[02:28] Faster way to get approved for applying for a credit card
[01:36] How to get the best financing terms
[02:05] Book a call at https://investorfinancingpodcast.com/rumble

Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

💰 The minimum credit score for a DSCR loan is usually 660, but some lenders will accept a score of 640.
💳 Personal credit card usage can negatively impact credit scores and loan terms.
🏢 Utilizing business credit can help maintain personal credit scores.
📈 A higher credit score can lead to a higher loan-to-value ratio and better loan terms.
📊 Utilizing business credit can lead to better financing terms and faster approval.
📞 The speaker offers free strategy calls to help investors come up with a finance plan.
🎥 The YouTube channel offers content on financing and real estate investing.

Summary: The video discusses the minimum requirements for a DSCR loan, the impact of personal credit card usage on credit scores and loan terms, and the benefits of utilizing business credit. The speaker offers free strategy calls to help investors create a finance plan and the YouTube channel offers content on financing and real estate investing.

Hashtags: #DSCRloan #businesscredit #creditutilization #loanterms #realestateinvesting

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About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

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