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Shafter sits in Kern County's agricultural and logistics corridor. Rental demand here is steady — warehouse workers, farm operators, and distribution staff all need housing.
That consistent tenant base is exactly what DSCR lenders want to see. Strong rental income relative to your mortgage payment is the whole game.
680+
Min Credit Score
1.1x
Min DSCR Ratio
20-25%
Down Payment
3-4 Weeks
Est. Close Time
Non-QM / Investor
Loan Type
DSCR Loans in Shafter
DSCR stands for Debt Service Coverage Ratio. Lenders divide the property's gross monthly rent by the mortgage payment. A ratio of 1.0 means rent covers the payment exactly.
Most lenders want a DSCR of 1.1 or higher. You'll typically need a 680+ credit score and 20-25% down. No tax returns required.
Local decision guide
Use this guide to connect dscr loans eligibility, lender expectations, and local market factors before comparing payment options in Shafter.
Shafter sits in Kern County's agricultural and logistics corridor. Rental demand here is steady — warehouse workers, farm operators, and distribution staff all need housing.
That consistent tenant base is exactly what DSCR lenders want to see. Strong rental income relative to your mortgage payment is the whole game.
DSCR stands for Debt Service Coverage Ratio. Lenders divide the property's gross monthly rent by the mortgage payment. A ratio of 1.0 means rent covers the payment exactly.
DSCR is a non-QM loan. That means retail banks rarely offer it. You need a broker with access to non-QM wholesale lenders who actually understand investor deals.
We work with 200+ wholesale lenders, including dedicated non-QM shops. Rates vary significantly across them. Shopping matters more here than on a conventional loan.
Shafter properties can be priced attractively for investors. But lower purchase prices mean smaller loan amounts — and some DSCR lenders have minimum loan floors around $100K-$150K.
Check that before you make an offer. We've seen deals fall apart at the finish line because the loan amount didn't meet the lender's minimum. Know your lender's floor first.
Hard money loans close faster but carry higher rates and short terms. DSCR loans give you a 30-year fixed option — that's a real difference for a buy-and-hold investor.
Bank statement loans work if you show strong deposits but own the property as a primary. DSCR is cleaner for pure investment properties. The income qualification stays with the asset.
Kern County's economy runs on agriculture, oil, and distribution. Those industries create consistent working-class rental demand in towns like Shafter.
Investors who understand this market buy for cash flow, not appreciation. DSCR loans are built for exactly that strategy — income-producing assets held long term.
Yes, most lenders accept a rent schedule from an appraiser. The appraiser estimates market rent, and that number is used for your DSCR calculation.
No, but many investors prefer it for liability protection. Most DSCR lenders lend to both individuals and LLCs — confirm with your lender.
Most want 680 or higher. Some non-QM lenders go down to 660, but expect a higher rate. Rates vary by borrower profile and market conditions.
Yes. DSCR lenders typically finance 1-4 unit properties. Some go up to 8 units. More units usually means stronger DSCR, which helps your approval.
Typically 3-4 weeks for a standard deal. No income verification speeds things up, but appraisal timelines in rural Kern County can add time.
It depends. Some lenders accept Airbnb income; others require long-term lease history. Shafter's market skews toward long-term tenants, which most lenders prefer.