Question 1

Can I use projected rent for a DSCR loan in San Pablo?

Accepted Answer

Only if it's supported by an appraisal showing market rent for similar properties. Most lenders won't use hypothetical numbers without comparable data.

Question 2

Do I need reserves for a DSCR loan?

Accepted Answer

Yes, typically 6-12 months of principal, interest, taxes, and insurance reserves. Higher loan amounts demand more months in the bank.

Question 3

What if my San Pablo rental DSCR is 0.95?

Accepted Answer

A few lenders go below 1.0 DSCR but charge premium pricing and require larger down payments. Most won't touch ratios under 1.0.

Question 4

Can I get a DSCR loan on a duplex in San Pablo?

Accepted Answer

Yes, 2-4 unit properties work well for DSCR loans. Lenders use the combined rental income from all units in their calculation.

Question 5

How long does DSCR loan approval take?

Accepted Answer

Typically 3-4 weeks from application to closing. Faster than conventional since there's no employment verification, slower than hard money.

DSCR Loans in San Pablo: Finance Rentals Without Tax Returns