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DSCR Loans in Selma
Selma's rental market draws investors to Central Valley agriculture and Fresno metro proximity. DSCR loans let you buy or refinance based on property cash flow, not your personal income.
Most Selma investors use DSCR for single-family rentals serving farmworkers and service industry employees. Rents typically cover DSCR minimums if you buy under $400K.
You need a DSCR of 1.0 or higher—meaning rent covers the full mortgage payment. Most lenders require 620+ credit and 20-25% down for Selma properties.
The property must be investment-only. You can't live there. Lenders underwrite the rental income from a lease or appraisal rent schedule, not your paystubs.
DSCR loans come from non-QM lenders, not Fannie Mae or big banks. Rates run 1-2% higher than conventional but you skip income documentation entirely.
SRK CAPITAL shops 200+ wholesale lenders to find DSCR programs that accept rural Fresno County properties. Not every non-QM lender will touch Selma—we know which ones will.
Selma deals close fastest when you have a tenant in place or a solid rent comp appraisal. Vacant properties get lower appraised rents, which kills your DSCR ratio.
I've seen investors blow DSCR deals by overestimating Selma rent. A $1,500/month rental assumption doesn't work on a $350K property when comps show $1,200. Run conservative numbers.
Conventional investor loans require tax returns and cap you at 10 properties. DSCR has no portfolio limits and ignores your personal income completely.
Bank statement loans work if you're self-employed buying a primary home. DSCR works when the property itself pays the bills—better for pure investors.
Selma's agricultural economy creates steady rental demand but seasonal income fluctuations. DSCR lenders focus on lease strength, not tenant employment type.
Properties near Highway 99 and central Selma rent faster. Appraisers pull comps countywide, so outlying areas may show lower rent schedules that hurt your DSCR calculation.
Yes, but the appraiser determines market rent based on comparable Selma rentals. Your estimate doesn't matter—only the appraisal rent schedule counts for DSCR.
Most lenders require 1.0 minimum (rent equals mortgage payment). Higher ratios get better rates—1.25 DSCR typically drops your rate 0.25-0.5%.
Some do, some don't. Selma qualifies with most lenders as part of Fresno metro, but properties outside city limits may face restrictions or higher rates.
You can refinance immediately if you have a tenant and lease in place. No seasoning requirement on DSCR cash-out refis for investment properties.
620 minimum with most lenders. 680+ gets you better rates and lower down payment options—some programs drop to 15% down at higher credit tiers.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.