Question 1

What DSCR ratio do I need to qualify in Bishop?

Accepted Answer

Most lenders require 1.0 or higher, meaning rent covers the full mortgage payment. Below 1.0, expect rate increases or denial.

Question 2

Can I use Airbnb income for a DSCR loan?

Accepted Answer

Yes, but you need documented booking history or a rent schedule from the appraisal. Most lenders average 12 months of short-term rental data.

Question 3

Do DSCR loans require tax returns?

Accepted Answer

No. Lenders qualify the property's rental income, not your personal earnings. You skip income verification entirely.

Question 4

How much down payment do I need for a Bishop investment property?

Accepted Answer

Expect 20-25% down. Higher DSCR ratios sometimes unlock lower down payment options at select lenders.

Question 5

What credit score is required for DSCR financing?

Accepted Answer

640 minimum at most lenders. Higher scores unlock better rates. Below 680, you'll see rate adjustments.

Question 6

Can I finance a fixer-upper with a DSCR loan?

Accepted Answer

Not usually. The property needs current rental income or immediate rent-ready condition. Consider hard money for rehabs first.

DSCR Loans in Bishop: Qualify Investors on Rental Income Alone