Question 1

Can I get an investor loan with no landlord experience?

Accepted Answer

Yes, DSCR lenders approve first-time investors if the property cash flows. Hard money cares only about equity and exit strategy.

Question 2

How much rental income do I need to qualify?

Accepted Answer

Most DSCR loans require rent that covers 100-125% of the mortgage payment. Lower ratios work with bigger down payments or reserves.

Question 3

Do investor loans require tax returns?

Accepted Answer

DSCR and hard money loans skip tax returns entirely. They qualify on property performance, not your personal income documentation.

Question 4

What's the fastest I can close on a Clovis investment property?

Accepted Answer

Hard money closes in 7-10 days with clear title. DSCR loans take 20-30 days, similar to conventional financing timelines.

Question 5

Can I finance multiple Clovis properties at once?

Accepted Answer

Yes, portfolio lenders don't enforce the 10-property Fannie Mae limit. You need strong reserves and demonstrated cash flow across properties.

Question 6

Are rates higher on investor loans than primary residence?

Accepted Answer

Yes, expect 0.5-1.5% higher rates on investment properties. Risk-based pricing varies by loan type, down payment, and credit score.

Investor Loans in Clovis: Finance Your Rental or Fix-and-Flip Without W-2 Income