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in San Leandro, CA
San Leandro buyers choose between conventional and DSCR loans based on income type. Conventional requires W-2 employment and documented work history. DSCR accepts rental income, business cash flow, or 1099 earnings instead.
The 2026 conforming limit is $1,249,125, covering most San Leandro purchases. Recent restaurant openings show the area's continued growth. Your choice hinges on how you earn income and savings available.
Conventional at 6.25% works for W-2 earners with solid savings. At 80% LTV the payment is $4,618 monthly with no PMI. Underwriting requires two years of work history and reserves.
PMI cancels at 78% LTV automatically. Most San Leandro buyers put 10% to 20% down. The conforming limit of $1,249,125 covers nearly all homes here.
DSCR loans qualify on rental income, business cash flow, or 1099 earnings. Self-employed buyers and investors use them when W-2 documentation falls short. Rates run higher than conventional because lenders accept alternative income proof.
DSCR typically requires 25% down and 680+ FICO. The loan amount is based on property cash flow or business income. Expect rates 0.5% to 1% above conventional.
Local decision guide
Use this comparison to weigh Conventional Loans and DSCR Loans through local payment fit, eligibility, documentation, and timing before choosing a path in San Leandro.
San Leandro buyers choose between conventional and DSCR loans based on income type. Conventional requires W-2 employment and documented work history. DSCR accepts rental income, business cash flow, or 1099 earnings instead.
The 2026 conforming limit is $1,249,125, covering most San Leandro purchases. Recent restaurant openings show the area's continued growth. Your choice hinges on how you earn income and savings available.
Conventional at 6.25% works for W-2 earners with solid savings. At 80% LTV the payment is $4,618 monthly with no PMI. Underwriting requires two years of work history and reserves.
Conventional demands W-2 income and two years of employment history. DSCR accepts rental income, business cash flow, or 1099 earnings. Self-employed buyers or rental-property owners find DSCR opens doors conventional may close.
Down payment is the second major split. Conventional buyers can go as low as 5% with PMI. DSCR typically requires 25% down, a meaningful capital commitment. Conventional also offers lower rates due to agency backing.
Choose conventional if you earn W-2 income and have substantial savings. Alameda County's median household income is $126,240. Conventional buyers at that income level qualify easily with lower rates.
Choose DSCR if you're self-employed or own rental property. You'll need significant liquid savings because 25% down is firm. DSCR makes sense when conventional underwriting won't accept your income type.
Yes. 20% down (80% LTV) eliminates PMI entirely. Below 20% down, PMI applies until you reach 78% LTV.
Yes. DSCR accepts self-employment income, rental cash flow, and 1099 earnings. You'll need two years of tax returns and bank statements.
At 6.25%, 80% LTV, and $750,000 loan, the monthly P&I is $4,618. This assumes 740 FICO, priced June 12, 2026.
DSCR lenders accept alternative income documentation, which carries more risk. The 25% down requirement protects the lender when traditional employment proof isn't available.
Yes. The 2026 conforming limit is $1,249,125, covering the vast majority of San Leandro purchases. Only high-end properties exceed this cap.