There are many different financing options for your short-term rental purchase. You could do a conventional second home loan or utilize a DSCR loan that is based on the projected Airbnb income.
DSCR loans rely on the anticipated revenue of the property rather than the income qualifications of the buyer. These lenders specialize in DSCR loans for short-term rental properties. They typically use airdna data to validate the anticipated annual income for a given home.
Easy Street Capital
Home Loan Jones
Ryan Jones
Coast2Coast Mortgage
Jeffrey Weller
Security National Mortgage
Tony Amigleo
Host Financial
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The Lender
Traditional lenders can also finance short-term rental home purchases. Conventional loans will usually be at a lower interest rate than a DSCR loan; however, buyers will have to provide more documentation in order to proof their eligibility. Second home loans are a great option for those that are just starting their Airbnb investing journey.
EFGTX
JD Cobb
Texas Best Lending
Bubba Bashaw
Cardinal Financial
Vestell Wright
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