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DSCR Loans in Lemoore
Lemoore's rental market centers on Naval Air Station employees and agricultural workers who need stable housing. Properties that cash flow here qualify for DSCR loans regardless of your tax return income.
Most Lemoore investors target single-family homes near the base or multi-units serving farm laborers. DSCR lenders approve based on rent-to-mortgage ratio, not your 1040.
If you own rentals across Kings County or statewide, DSCR loans let you scale without hitting debt-to-income limits. Your portfolio grows faster when lenders ignore your W-2.
You need a 1.0 DSCR minimum—monthly rent equals or exceeds the mortgage payment including taxes and insurance. Most lenders want 1.2 for best pricing.
Expect 20-25% down for single-family rentals, 25-30% for multi-units. Credit scores start at 660, though 700+ unlocks better rates and terms.
No tax returns, no pay stubs, no employment letters. Lenders order an appraisal with rent schedule and verify you have reserves—typically six months PITI.
SRK Capital accesses 30+ DSCR lenders who compete on rates, reserve requirements, and how they calculate rental income. Some use market rent, others use lease-in-place.
Pricing varies by DSCR ratio and loan size. A 1.3 DSCR gets better terms than 1.0. Loans under $500k often have more lender options than jumbos.
Many DSCR lenders allow LLC ownership and won't seasoning your down payment. You can close faster than conventional investor loans that scrutinize every bank deposit.
Lemoore deals work best when you lock a tenant before closing. Lenders prefer signed leases to appraisal rent opinions, especially for properties near the base with military renters.
Watch property taxes in your DSCR calculation. Kings County reassesses on sale, so use the new basis—not the seller's old tax bill—when you calculate debt service coverage.
I route most sub-$400k Lemoore deals to lenders who price aggressively in that range. Above $750k, you're in non-QM jumbo territory where fewer lenders compete and rates jump.
Conventional investor loans require full income docs and cap you at 10 financed properties. DSCR loans ignore both limits—you can own 50 rentals with zero tax returns.
Hard money costs 9-12% for short-term bridge financing. DSCR loans run 7-8.5% as 30-year fixed mortgages you can hold long-term while building equity.
Bank statement loans work for self-employed buyers mixing business and rental income. Pure investors prefer DSCR because it ignores personal finances completely.
Naval Air Station Lemoore drives consistent rental demand. Properties within 10 miles of base gates attract military tenants who sign leases matching deployment cycles.
Agricultural housing in Kings County runs different numbers. Multi-family units near farms can hit 1.3-1.5 DSCR if you lease to seasonal workers, but vacancy patterns matter.
Lemoore lacks the price appreciation of coastal markets, so DSCR deals here need positive cash flow from day one. Lenders won't bet on equity growth to fix weak rent coverage.
Yes, but you need reserves and down payment. Most lenders don't require prior landlord experience, just proof the property cash flows and you can handle vacancies.
They use either your signed lease or an appraiser's market rent opinion. Signed leases with military tenants near NAS Lemoore usually get better treatment than rent estimates.
Yes, up to four units. Expect 25-30% down and higher reserves. Lenders want each unit's rent counted separately in the DSCR calculation.
Typically 21-30 days. No income verification speeds things up, but you still need appraisal and title work like any mortgage.
Absolutely. Many investors refi conventional loans into DSCR to free up income capacity for more purchases or eliminate personal liability by moving title to an LLC.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.