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Clovis sits in Fresno County with a strong rental demand base. Investors here can find single-family rentals that cash flow without premium coastal prices.
DSCR loans skip your W-2 or tax returns entirely. The property's rent-to-debt ratio is what gets you approved — nothing else.
620
Min Credit Score
1.0x
Min DSCR Ratio
20–25%
Down Payment
None (rent-based)
Income Docs Needed
Up to 30-year fixed
Loan Term
DSCR Loans in Clovis
Most lenders want a DSCR of 1.0 or higher. That means monthly rent covers your full mortgage payment. A 1.25 ratio gets you better rates.
Credit score requirements typically start at 620. Expect to put down 20-25%. These are investor loans — lenders price risk accordingly.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Clovis.
Clovis sits in Fresno County with a strong rental demand base. Investors here can find single-family rentals that cash flow without premium coastal prices.
DSCR loans skip your W-2 or tax returns entirely. The property's rent-to-debt ratio is what gets you approved — nothing else.
Most lenders want a DSCR of 1.0 or higher. That means monthly rent covers your full mortgage payment. A 1.25 ratio gets you better rates.
DSCR loans are non-QM products. Most retail banks don't offer them. You need access to wholesale non-QM lenders to get competitive pricing.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM investor loans for Central Valley markets like Clovis.
The biggest mistake investors make is buying first, then checking the DSCR. Run the numbers before you make an offer. Rent minus vacancy must clear the payment.
Short-term rentals complicate DSCR calculations. Some lenders accept Airbnb income, but many want a 12-month lease history. Know your exit before you apply.
Bank statement loans let you qualify on business deposits instead of rent. That works if you're self-employed but buying a non-rental property.
Hard money moves faster but costs more. DSCR loans offer 30-year fixed terms — hard money does not. For a buy-and-hold rental, DSCR wins on cost.
Clovis has a reputation as one of Fresno County's safer, more desirable cities. That drives consistent rental demand and lower vacancy rates for investors.
The Clovis Unified School District pulls family renters who stay long-term. That stability is exactly what lenders want to see in a DSCR file.
DSCR is your monthly rent divided by your mortgage payment. A ratio of 1.0 means rent covers the payment exactly.
Some lenders allow it with platform income history. Most prefer a 12-month lease. Expect stricter underwriting and a higher rate.
No. Out-of-state investors qualify. DSCR lenders care about the property's income, not where you live.
Many non-QM lenders allow 10 or more financed properties. Portfolio limits vary — we shop lenders based on your total holdings.
Most lenders start at 620. Higher scores get better rates. Rates vary by borrower profile and market conditions.
Yes. DSCR loans work on 1-4 unit properties. Some lenders extend to 5+ units under commercial DSCR programs.