Question 1

What credit score do I need for an investor loan in San Joaquin?

Accepted Answer

Most lenders require 680 minimum. Some portfolio lenders accept 660 if you have strong reserves and rental experience.

Question 2

Can I use rental income from the property to qualify?

Accepted Answer

Yes, DSCR loans qualify you based purely on rental cash flow. You don't need to show W-2 income or tax returns.

Question 3

How much down payment do investor properties require?

Accepted Answer

Expect 20-25% down for most investor loans. Fix-and-flip hard money may require 30% or more depending on property condition.

Question 4

Do I need rental property experience to get approved?

Accepted Answer

First-time investors can qualify but face tighter requirements. Showing property management experience or partnering with seasoned investors helps.

Question 5

How do interest rates compare to primary residence loans?

Accepted Answer

Investor rates typically run 1-2% higher than owner-occupied mortgages. Rates vary by borrower profile and market conditions.

Question 6

Can I finance multiple properties at once?

Accepted Answer

Portfolio lenders allow unlimited properties unlike Fannie Mae's ten-property cap. You'll need strong financials and reserves for each property.

Investor Loans in San Joaquin: Financing for Fresno County Rental Properties