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Tagged: AIRBNB
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Airbnb and Conventional Loans
Posted by John on July 12, 2023 at 10:16 pmIs it possible to utilize a conventional loan for Airbnb properties? Any insights or experiences are appreciated. Thanks!
Gustan replied 9 months ago 4 Members · 5 Replies -
5 Replies
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Yes but it needs to be full doc conventional loan. Best route is DSCR or no-doc
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Hello John!
Conventional will not allow to close an investment property as a STR, BUT-
We can definitely assist you closing an STR going DSCR.
theNONI™ ( Non-Owner, No Income ) is the #1 DSCR product out there!Let me know if you have any questions!
Best,
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How much down? I have a lot in the pigeon forge area, I’m going to want to build a cabin and air b and b it. It’s 15 minutes to Dollywood
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You can get AirBnb with 10% down with a 700 to 720 credit score. The down payment depends on credit score. I would suggest contacting Cameron LeClair, Jordan Threatt, Fadia from Homeexpress