Question 1

Can I use DSCR for a primary residence in Lemoore?

Accepted Answer

No. DSCR only works for investment properties that generate rental income. Primary and second homes require conventional, FHA, or VA loans.

Question 2

What DSCR ratio do I need for a Lemoore rental property?

Accepted Answer

Most lenders want 1.0 to 1.25 DSCR. That means rent covers 100-125% of the full mortgage payment including taxes and insurance.

Question 3

Do conventional rates always beat DSCR in Lemoore?

Accepted Answer

Yes, conventional typically runs 0.5-2% lower. Rates vary by borrower profile and market conditions, but DSCR always carries a premium for the flexibility.

Question 4

Can I switch from conventional to DSCR mid-portfolio?

Accepted Answer

Absolutely. Most investors use conventional until they hit the 10-loan limit, then shift entirely to DSCR for properties 11 and beyond.

Question 5

Which loan closes faster for Lemoore investment properties?

Accepted Answer

DSCR typically closes in 18-25 days. Conventional takes 30-45 days due to employment verification and income documentation requirements.

Conventional vs DSCR Loans in Lemoore: Which Rental Property Loan Works Better?