Question 1

Can I use a DSCR loan for a short-term rental in Ferndale?

Accepted Answer

Some lenders accept short-term rental income for DSCR. You'll need to document projected or actual Airbnb income. Not every lender allows it — we know which ones do.

Question 2

What credit score do I need for a DSCR loan?

Accepted Answer

Most DSCR lenders require a 680 minimum. Some go down to 660 with a stronger DSCR ratio or larger down payment.

Question 3

Can I buy a primary home with a DSCR loan?

Accepted Answer

No. DSCR is strictly for investment properties. For a primary residence in Ferndale, you need conventional or another owner-occupant program.

Question 4

Which loan closes faster in Humboldt County?

Accepted Answer

DSCR can close faster because there's no income verification. Fewer documents means fewer delays — usually 21-30 days with a clean file.

Question 5

Do both loans work for multi-unit properties?

Accepted Answer

Yes. Conventional works up to 4 units if you occupy one. DSCR works for non-owner-occupied multi-units — lenders just need the rent roll.

Conventional vs DSCR Loans in Ferndale, CA