Question 1

Can I get an investor loan with no rental experience?

Accepted Answer

Yes, but expect stricter terms. Most lenders require higher reserves and down payments for first-time investors. Rates vary by borrower profile and market conditions.

Question 2

How quickly can investor loans close in Fowler?

Accepted Answer

Hard money loans close in 5-10 days. DSCR loans take 3-4 weeks. Speed depends on property condition and how fast you provide documentation.

Question 3

Do I need an LLC to get an investor loan?

Accepted Answer

No. Most lenders allow individual borrowers or LLC ownership. LLCs help with liability protection but don't affect loan approval.

Question 4

What rental income counts for DSCR approval?

Accepted Answer

Lenders use current lease agreements or appraisal rent estimates. Vacant properties get underwritten on market rent, not your projections.

Question 5

Can I finance a property that needs major rehab?

Accepted Answer

Traditional DSCR lenders won't touch non-habitable properties. Use hard money or bridge loans, then refinance into permanent financing after repairs.

Question 6

What loan-to-value ratios apply to Fowler investment properties?

Accepted Answer

Expect 75-80% LTV for single-family rentals. Multifamily and fix-and-flip projects typically max out at 70-75% LTV based on purchase price or value.

Investor Loans in Fowler: Financing Rental Properties and Fix-and-Flip Deals