Question 1

Can I use projected rental income to qualify in Angels Camp?

Accepted Answer

Yes, but appraisers need comparable rentals to support your numbers. Most lenders discount projected income by 25% unless the property has 12 months of rental history.

Question 2

What credit score do I need for an Angels Camp investment property?

Accepted Answer

DSCR loans start at 640 for single-family rentals. Hard money lenders go down to 600 if you have strong equity and experience. Better credit gets you better rates.

Question 3

Do I need reserves for Calaveras County rental properties?

Accepted Answer

Expect 6-12 months of reserves—principal, interest, taxes, insurance, and HOA if applicable. More properties in your portfolio means higher reserve requirements.

Question 4

How long does underwriting take for Angels Camp investor loans?

Accepted Answer

DSCR loans close in 21-30 days with clean files. Hard money can fund in 7-10 days when you need speed. Rural appraisals add a week compared to urban markets.

Question 5

Can I finance a fix-and-flip property in Angels Camp?

Accepted Answer

Hard money works best for rehabs—expect 10-12% rates for 12 months. You'll need contractor experience documented and a detailed scope of work. Most lenders cap rehab budgets at 30% of purchase price.

Investor Loans in Angels Camp: Cash Flow Financing for Gold Country Properties