Question 1

What DSCR ratio do I need in Huron?

Accepted Answer

Most lenders require 1.0 or 1.25 depending on credit score and down payment. Higher ratios unlock better rates.

Question 2

Can I use projected rent for a vacant property?

Accepted Answer

Yes. The appraiser provides a market rent estimate even if the property sits empty at closing.

Question 3

Do DSCR loans work for farm labor housing?

Accepted Answer

Only if the property meets residential lending standards. Commercial ag housing typically won't qualify.

Question 4

How long does DSCR underwriting take?

Accepted Answer

Expect 25-35 days from application to closing. Appraisal turnaround drives the timeline in rural areas.

Question 5

Can I finance multiple Huron properties with DSCR loans?

Accepted Answer

Yes. Most lenders allow up to 10 financed investment properties using DSCR programs.

DSCR Loans in Huron: Rental Property Financing Without W-2s