Question 1

What DSCR ratio do I need in Brentwood?

Accepted Answer

You need 1.0 minimum to qualify, 1.25 for competitive rates. If monthly rent is $3,500, your PITI payment can't exceed $2,800 at 1.25 DSCR.

Question 2

Can I use projected rent or does it need to be occupied?

Accepted Answer

Appraisers determine market rent using comparable rentals, not your projections. Vacant properties qualify based on appraised rent schedule.

Question 3

Do DSCR loans work for properties I already own?

Accepted Answer

Yes, cash-out refinancing on existing Brentwood rentals is common. Many investors use DSCR to pull equity without documenting personal income.

Question 4

How much down payment for a Brentwood DSCR loan?

Accepted Answer

Expect 20-25% down for purchases. Cash-out refinances max at 75-80% LTV depending on credit and property type.

Question 5

Why are DSCR rates higher than conventional?

Accepted Answer

DSCR is non-QM lending with higher lender risk. Rates run 0.75-1.5% above conventional investor loans but require zero income documentation.

DSCR Loans in Brentwood: Rental Property Financing Without Tax Returns