Question 1

What DSCR ratio do I need to qualify in Concord?

Accepted Answer

Most lenders require 1.0 or higher, meaning rent covers the full mortgage payment. Some allow 0.75 DSCR with larger down payments and higher rates.

Question 2

Can I use projected rent for a vacant Concord property?

Accepted Answer

Yes, but lenders use the appraiser's market rent estimate, not your projections. They also apply a 25% vacancy factor before calculating your ratio.

Question 3

Do DSCR loans work for Concord condos?

Accepted Answer

Only if the complex is warrantable and the lender accepts condos. Many DSCR programs limit condo financing or require higher down payments.

Question 4

How long does DSCR underwriting take?

Accepted Answer

Typically 15-25 days from application to closing. Faster than conventional investor loans since there's no employment or income verification required.

Question 5

Can I finance multiple Concord rentals with DSCR loans?

Accepted Answer

Yes, though lenders cap total financed properties differently. Some allow four, others ten or more depending on experience and reserves.

DSCR Loans in Concord: Income-Based Financing for Rental Properties