Question 1

Do I need to show personal income for a DSCR loan in Chico?

Accepted Answer

No. DSCR lenders qualify the property, not you. The rental income must cover the mortgage payment at the required ratio.

Question 2

How fast can I close a hard money loan in Chico?

Accepted Answer

Hard money lenders can often close in 7–14 days. Speed depends on title, appraisal, and how quickly you return documents.

Question 3

Will wildfire risk in Butte County affect my investor loan?

Accepted Answer

It can. Some lenders restrict lending in high-risk fire zones. Insurance costs also affect DSCR ratios, which impacts loan sizing.

Question 4

Can I finance a student rental near CSU Chico with a DSCR loan?

Accepted Answer

Yes. Lenders look at market rents, not who the tenants are. Strong rents near campus can support solid DSCR coverage.

Question 5

What credit score do I need for an investor loan?

Accepted Answer

Most DSCR and non-QM investor lenders want 660 or higher. Better scores get better rates. Rates vary by borrower profile and market conditions.

Question 6

Can I pull cash out of a Chico rental I already own?

Accepted Answer

Yes. DSCR cash-out refinances are available. The property needs to support the new loan amount at the required debt-service ratio.

Investor Loans in Chico, CA — Built for Landlords and Flippers