Question 1

Can I use DSCR for a vacation rental in Markleeville?

Accepted Answer

Yes. DSCR lenders use rental comps to project income, including short-term rental data. Strong seasonal demand in Alpine County typically supports approval.

Question 2

What credit score do I need for each loan type?

Accepted Answer

Conventional starts at 620 for best pricing. DSCR typically requires 680 minimum, with better rates above 720.

Question 3

How does DSCR handle seasonal rental income?

Accepted Answer

Lenders annualize projected rent based on comparable properties. A rental income report from an appraiser establishes the monthly figure used in the ratio.

Question 4

Can I avoid PMI with 15% down on conventional?

Accepted Answer

No. Conventional loans require 20% down to skip PMI on primary homes, 25% on investment properties. DSCR has no PMI but requires 20-25% down regardless.

Question 5

Which loan closes faster in Alpine County?

Accepted Answer

DSCR often closes quicker since you skip income documentation and employment verification. Conventional takes longer when underwriters request additional pay stubs or tax documents.

Conventional vs DSCR Loans in Markleeville: Which Fits Your Alpine County Property?

Conventional vs DSCR Loans in Markleeville: Which Fits Your Alpine County Property?