Question 1

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

Accepted Answer

Most lenders require 1.0 minimum, meaning rent covers your payment. You'll get better rates at 1.25 or higher.

Question 2

Can I use projected rent or does the property need a tenant?

Accepted Answer

You can use appraiser's market rent estimate. Current tenants help but aren't required for DSCR qualification.

Question 3

Do DSCR lenders care about Parlier being a small agriculture town?

Accepted Answer

Some lenders restrict to larger metros. We work with lenders who actively fund Fresno County secondary markets.

Question 4

How much does DSCR financing cost versus conventional in Parlier?

Accepted Answer

Expect rates 1.5-3% higher than conventional. A 6.5% conventional rate means 8-9.5% on DSCR, depending on your deal.

Question 5

What down payment do I need for a Parlier investment property?

Accepted Answer

Minimum 20% on single-family, 25% on duplexes or fourplexes. Higher DSCR ratios sometimes allow lower down payments.

DSCR Loans in Parlier: Income Property Financing Without Tax Returns