Question 1

Can I get an investor loan with 15% down in San Pablo?

Accepted Answer

Some lenders offer 15% down but require 720+ credit and 1.25x DSCR. Most investors put 20-25% down for better rates and terms.

Question 2

Do DSCR loans use my personal income for qualification?

Accepted Answer

No. DSCR loans qualify based solely on the property's rental income versus the mortgage payment. Your W-2 or tax returns don't matter.

Question 3

How fast can I close on a fix-and-flip loan?

Accepted Answer

Hard money loans close in 7-14 days with clear title. Bridge loans take 2-3 weeks. Speed depends on property condition and appraisal.

Question 4

Can I finance multiple San Pablo properties at once?

Accepted Answer

Yes. DSCR loans don't count against DTI, so you can buy multiple properties simultaneously. Lender portfolio limits vary from 4 to 10+ properties.

Question 5

What DSCR ratio do lenders require in Contra Costa?

Accepted Answer

Most require 1.0x minimum, meaning rent covers the mortgage. Some lenders accept 0.75x with higher rates and larger down payments.

Investor Loans in San Pablo: Finance Rentals Without W-2 Income