Question 1

Can I use rental income to qualify for an investor loan in Amador City?

Accepted Answer

Yes. DSCR loans qualify you based on the property's rent income, not your personal earnings. That's the standard structure for most investor deals here.

Question 2

Do investor loans work for short-term vacation rentals?

Accepted Answer

Some DSCR lenders accept short-term rental income. You'll need documented rental history or a market rent analysis to support it.

Question 3

What credit score do I need for an investor loan?

Accepted Answer

Most non-QM investor programs start at 660. Stronger scores get better rates. Rates vary by borrower profile and market conditions.

Question 4

Will lenders finance historic properties in Amador City?

Accepted Answer

Some will, some won't. Wholesale lenders with flexible guidelines are more likely to approve older construction than retail banks.

Question 5

How fast can an investor loan close in Amador County?

Accepted Answer

DSCR loans typically close in 21-30 days. Hard money can close in under two weeks when the deal needs to move fast.

Question 6

How much do I need to put down on an investment property?

Accepted Answer

Plan for 20-25% down on most investor programs. Some lenders require more on rural properties or higher-risk loan types.

Investor Loans in Amador City, CA