The benefits of using a specialized mortgage over a conventional one depend on the specific loan option you choose. For example, a DSCR loan may offer better terms than other types of loans because it has special provisions that protect your interest rate and make buying or refinancing easier. Additionally, these types of mortgages tend to have lower monthly payments than other types of loans because they take into account your unique circumstances and debt load.

Yes, you may be able to qualify for down payment assistance with a specialized loan. In addition, several lenders and government agencies offer services to buyers struggling with complex financial situations, no matter what type of financing they use.