Question 1

Can I use projected rent to qualify for a DSCR loan in Lafayette?

Accepted Answer

Yes, most lenders accept appraisal rent schedules for vacant properties. You'll need higher reserves to cover months without tenant income during lease-up.

Question 2

What's the minimum down payment for Lafayette rental properties?

Accepted Answer

DSCR loans require 20-25% down. Hard money lenders fund 75-80% of purchase price. Your equity position depends on loan program and credit profile.

Question 3

Do investor loans require tax returns?

Accepted Answer

DSCR programs skip tax returns entirely. Bank statement loans need 12-24 months of business deposits. Hard money qualifies on property value alone.

Question 4

How quickly can I close on a Lafayette investment property?

Accepted Answer

DSCR loans close in 21-30 days. Hard money funds in 7-14 days when you need speed. Timeline depends on appraisal turnaround and title work.

Question 5

Can I finance multiple Lafayette rentals simultaneously?

Accepted Answer

Yes, some lenders approve 10+ financed properties. Each deal needs adequate DSCR and reserves. We route files to portfolio-friendly lenders who won't cap you.

Investor Loans in Lafayette: Financing for Rental Properties and Fix-and-Flip Deals