Question 1

Can I use a DSCR loan for a duplex in Firebaugh?

Accepted Answer

Yes, as long as both units are rented and combined rent hits a 1.0+ DSCR. Lenders treat 2-4 units like single-family investment properties on these programs.

Question 2

What if the property is vacant when I apply?

Accepted Answer

Some lenders use appraised market rent for vacant properties. You'll need the appraisal to justify rent assumptions, and your DSCR must still hit 1.0 or higher based on that figure.

Question 3

Do DSCR loans require reserves in Firebaugh?

Accepted Answer

Most lenders want 6-12 months of reserves covering mortgage payments, taxes, and insurance. The exact amount depends on your credit score and the number of financed properties you own.

Question 4

How long does DSCR loan approval take?

Accepted Answer

Expect 3-4 weeks from application to closing. Appraisals in smaller Fresno County towns can add time if comps are scarce.

Question 5

Can I refinance an existing Firebaugh rental with DSCR?

Accepted Answer

Yes, DSCR works for cash-out or rate-term refinances. You can pull equity up to 75% LTV as long as the new loan payment maintains a 1.0+ DSCR with current rent.

DSCR Loans in Firebaugh: Income Property Financing Without Tax Returns