Question 1

What DSCR do I need to qualify in Imperial?

Accepted Answer

Most lenders want 1.0 or higher. A ratio above 1.25 typically gets you better rates and terms.

Question 2

Can I use projected rent to qualify?

Accepted Answer

Yes. Lenders use a rent schedule from the appraisal if the property isn't leased yet. The appraiser's market rent estimate drives your DSCR.

Question 3

Do I need to show tax returns for a DSCR loan?

Accepted Answer

No. DSCR loans skip personal income docs entirely. Qualification is based on the rental income the property generates.

Question 4

What property types qualify for DSCR in Imperial?

Accepted Answer

Single-family rentals, 2–4 unit properties, and some small multifamily deals qualify. Short-term rental income may be accepted by select lenders.

Question 5

How much do I need to put down on a DSCR loan?

Accepted Answer

Plan for 20–25% down on most programs. Some lenders allow 15% with strong credit and a high DSCR.

Question 6

Are DSCR rates higher than conventional rates?

Accepted Answer

Yes, typically. DSCR is a non-QM product, so rates run higher than conventional. Rates vary by borrower profile and market conditions.

DSCR Loans in Imperial, CA — Qualify on Rental Income