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Crescent City sits at the northern edge of the California coast. Low property prices here make cash flow math work in ways it never could in LA or the Bay Area.
Del Norte County is a different market than most California investors target. That's exactly why it's worth a look — less competition, lower entry costs, real rental demand.
620–680
Min Credit Score
1.0 (some at 0.75)
Min DSCR Ratio
20–25%
Down Payment
None
Income Docs Required
30-year fixed available
Loan Term
DSCR Loans in Crescent City
DSCR loans qualify you on the property's income, not yours. Your W-2, tax returns, and personal debt load stay out of it.
Most lenders want a DSCR of 1.0 or higher. That means monthly rent must cover the full mortgage payment. Some lenders go down to 0.75 with a stronger down payment.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Crescent City.
Crescent City sits at the northern edge of the California coast. Low property prices here make cash flow math work in ways it never could in LA or the Bay Area.
Del Norte County is a different market than most California investors target. That's exactly why it's worth a look — less competition, lower entry costs, real rental demand.
DSCR loans qualify you on the property's income, not yours. Your W-2, tax returns, and personal debt load stay out of it.
DSCR is a non-QM product. Most retail banks don't offer it. You need a broker with access to wholesale non-QM lenders.
We work with 200+ wholesale lenders, including a solid lineup of non-QM shops that actively lend in rural California counties like Del Norte.
The biggest DSCR mistake I see: investors underestimate vacancy rates in smaller markets. Crescent City is not San Diego. Build vacancy into your DSCR calculation.
Short-term rental income — Airbnb, VRBO — can count toward DSCR with the right lender. Not all lenders allow it. We know which ones do.
Hard money loans close faster but cost more. DSCR loans take longer but carry lower rates and 30-year fixed options. For a buy-and-hold rental, DSCR wins.
Bank statement loans look at your personal deposits. DSCR ignores your income entirely. If the property pencils out, DSCR is the cleaner path for investors.
Crescent City has a steady base of renters — port workers, healthcare staff, and state employees. That's more stable than pure tourism demand.
Del Norte County's small market means appraisals can be tricky. Comparable sales are limited. Work with a lender experienced in rural California appraisals.
Most lenders require a 1.0 DSCR minimum. Some go to 0.75 with a larger down payment.
Yes, with select lenders. Not all non-QM lenders accept STR income — we know which ones do.
Some don't. We specifically work with wholesale lenders that are active in Del Norte and other rural CA counties.
Standard is 20-25% down. A lower DSCR ratio may require more down to get approved.
No. DSCR qualification is based entirely on the rental property's income. Personal income docs are not required.
Divide monthly gross rent by the full monthly mortgage payment. A ratio at or above 1.0 means the rent covers the debt.