That's really encouraging to hear you got through it by adjusting your approach. I'm still learning the ropes myself, so your experience is super helpful. I've noticed lenders seem pretty conservative with projections overall, but maybe if you've got a strong history and can clearly show how you've met or exceeded past numbers, they'd be more open-minded? Either way, appreciate you sharing—makes the whole process feel a bit less overwhelming for newbies like me.
"I've noticed lenders seem pretty conservative with projections overall, but maybe if you've got a strong history and can clearly show how you've met or exceeded past numbers, they'd be more open-minded?"
Yeah, lenders definitely lean conservative—can't really blame them though, considering how volatile the market can get. I've found that even with a solid track record, they're still hesitant unless your numbers are practically bulletproof. Had one lender grill me over a minor dip in occupancy rates from two years ago... felt like I was on trial, haha.
But here's something I've been wondering about lately: do you think lenders put more weight on historical performance or on the property's current market conditions? I've seen cases where someone with a stellar history still gets pushback because the local market softened slightly. Makes me skeptical about how much past success really counts when things get shaky. Curious if anyone else has run into this issue or if it's just my luck...
"do you think lenders put more weight on historical performance or on the property's current market conditions?"
That's a good question, and honestly, I think it depends heavily on the lender's internal policies and even the individual loan officer. I've had experiences where historical performance seemed to carry a lot of weight—especially if the property's been stable for years—but then again, I've also seen lenders get super cautious if the local market indicators start flashing yellow.
One lender I dealt with recently seemed way more concerned about the neighborhood's recent vacancy uptick than my own property's consistent occupancy history. Felt like they were more worried about the market's trajectory than my actual numbers. On the flip side, another lender barely blinked at a similar situation because they trusted my track record and management style. So maybe it's less about one factor outweighing the other and more about how lenders balance the two based on their own risk tolerance?
Either way, it definitely feels like a moving target sometimes...
That's a good question, and honestly, I think it depends heavily on the lender's internal policies and even the individual loan officer. I've had experiences where historical performance seemed t...
Yeah, I get what you're saying about it feeling like a moving target. I've noticed lenders leaning more heavily on current market conditions lately—especially if there's any hint of instability. But then again, I've also seen them overlook shaky market signals when the property's historical numbers are rock solid. Makes me wonder if it's less about policy and more about who's reviewing your file that day...
"Makes me wonder if it's less about policy and more about who's reviewing your file that day..."
You're spot-on with this observation. I've dealt with similar scenarios—recently, I had two nearly identical DSCR loan applications submitted to the same lender within weeks of each other. One sailed through approval easily because the property's historical occupancy was consistently strong, even though market indicators were a bit shaky. The other got delayed significantly because the loan officer was hyper-focused on recent market volatility, despite the property having equally solid historical performance.
From my experience, it seems lenders often have internal guidelines that are deliberately broad enough to allow individual underwriters some discretion. That can be both a blessing and a curse. While it gives flexibility to approve deals that might not fit neatly into strict criteria, it also introduces a frustrating level of unpredictability. So yeah, qualifying for DSCR loans definitely feels like navigating shifting sands sometimes...
