Question 1

What DSCR do I need for a Sanger rental property?

Accepted Answer

Most lenders require 1.0 or higher, meaning rent covers the full mortgage payment. Some accept 0.75 DSCR with 25% down instead of 20%.

Question 2

Can I use a DSCR loan if I already own rentals?

Accepted Answer

Yes, but you'll need larger cash reserves—usually 6 months per financed property. Lenders view multi-property portfolios as higher risk.

Question 3

Do DSCR loans require an appraisal in Sanger?

Accepted Answer

Yes, and the appraised market rent determines your DSCR. If appraised rent comes in low, you may need a bigger down payment to qualify.

Question 4

How long does a DSCR loan take to close?

Accepted Answer

Plan for 30-45 days. No income verification speeds things up, but appraisals and non-QM underwriting take longer than conventional loans.

Question 5

What credit score do I need for a DSCR loan?

Accepted Answer

Minimums start at 620, but rates improve significantly at 680 and above. Expect better pricing and more lender options with higher scores.

DSCR Loans in Sanger: Finance Rentals Without Income Verification