Question 1

Can I use a DSCR loan for a short-term rental in Amador City?

Accepted Answer

Some lenders accept short-term rental income for DSCR. Not all do — lender overlays vary significantly on this point.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require a 680 minimum. Some go to 660, but expect worse pricing the lower your score.

Question 3

Does a conventional loan work for investment properties?

Accepted Answer

Yes, up to 10 financed properties conventionally. Down payment requirements and rates are higher for non-owner-occupied purchases.

Question 4

Can I close a DSCR loan in an LLC?

Accepted Answer

Yes. Most DSCR lenders allow LLC vesting. Conventional loans almost never allow it for residential properties.

Question 5

Which loan is faster to close?

Accepted Answer

DSCR can close fast since there's no income verification process. Conventional timelines depend heavily on your documentation.

Conventional vs DSCR Loans in Amador City, CA