Question 1

What DSCR ratio do I need for a Fowler rental property?

Accepted Answer

Most lenders require a minimum 1.0 DSCR, meaning monthly rent equals the mortgage payment. A 1.2 ratio gets better rates and terms. Higher ratios may reduce down payment requirements.

Question 2

Can I use projected rent for a DSCR loan in Fowler?

Accepted Answer

Yes, lenders use market rent analysis from the appraisal. If you're buying vacant, the appraiser determines fair market rent based on comparable properties currently leased in Fowler.

Question 3

Do DSCR loans work for fix-and-flip properties?

Accepted Answer

DSCR loans finance rental properties you'll hold long-term. For fix-and-flip projects, consider hard money or bridge loans designed for short-term renovation and resale strategies.

Question 4

How quickly can I close on a DSCR loan in Fresno County?

Accepted Answer

DSCR loans typically close in 30-45 days, faster than conventional financing. No employment verification speeds the process. Clear title and completed appraisals determine final timing.

Question 5

Can I finance multiple Fowler properties with DSCR loans?

Accepted Answer

Yes, DSCR loans work well for portfolio investors. Each property qualifies independently based on its own rental income. No limit on the number of financed investment properties exists.

DSCR Loans in Fowler: Investment Property Financing Without Income Verification