Question 1

What DSCR do Martinez rental properties need?

Accepted Answer

1.0 minimum to qualify, 1.25 for competitive rates. Lenders divide monthly market rent by the full PITI payment including HOA and taxes.

Question 2

Can I use projected rent on a Martinez fixer-upper?

Accepted Answer

Only if repairs are cosmetic and done before closing. Major rehabs need hard money first, then refinance to DSCR after stabilization.

Question 3

Do DSCR loans work for short-term rentals in Martinez?

Accepted Answer

Some lenders allow it with a 12-month operating history. New STR conversions typically don't qualify without prior rental income documentation.

Question 4

How does Martinez zoning affect DSCR approval?

Accepted Answer

Single-family zoned for rentals works fine. If you're buying a duplex zoned single-family, expect lender pushback or denial.

Question 5

Can I close a Martinez DSCR loan in an LLC?

Accepted Answer

Yes, most lenders allow LLC ownership. You'll personally guarantee the loan but title vests in your entity.

DSCR Loans in Martinez: Income Property Financing Without Tax Returns